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Ashok Leyland Share Price: Brokerage firm Motilal Oswal has maintained its ‘buy’ rating with a target price for Ashok Leyland, the Indian flagship of the Hinduja Group. At 02:44 PM, the company’s shares were trading at Rs 147.80, down 0.91 per cent from its previous closing.
Chennai-based Ashok Leyland was founded by Raghunandan Saran in 1948. The company makes medium and heavy commercial vehicles, including buses, such as city, sub urban, inter city, school and staff and special buses; trucks for various applications, including long hauls, distribution, construction and mining; light vehicles; and defence vehicles designs.
It also offers power solutions by supplying engines for a variety of applications apart from vehicles, such as engines for running generator sets, marine applications, powering earth-moving equipment, compressors, cranes and harvester combines under the brand name.
Motilal Oswal’s target price on Ashok Leyland
The brokerage firm has set a target price of Rs 185 on Ashok Leyland.
Key takeaways from management meet:
– Demand revival has been positive across all CV segments.
– Further, to gain share, company plans a major expansion in Western India with 30 new touchpoints to be added to its current strength of 150 in the region.
– To factor in the risks due to the ongoing West Asia conflict, we have now lowered our estimates by 13 per cent each for FY27E/FY28E.
On the financial front, Ashok Leyland reported a 4.5 per cent rise year-on-year in its standalone net profit to Rs 796 crore for the third quarter ended December 2025. Its revenue in October-December 2025 increased 21.7 per cent to Rs 11,533 crore, compared with Rs 9,479 crore in the year-ago period.
Its net profit had stood at Rs 762 crore in the corresponding period last year, according to a regulatory filing.
Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 26.7 per cent to Rs 1,535 crore from Rs 1,211 crore in the third quarter last year.
Ashok Leyland’s margin expanded to 13.3 per cent from 12.8 per cent in the year-ago period.
On a consolidated basis, Ashok Leyland’s net profit rose 5.19 per cent to Rs 862.24 crore for the third quarter ended December 31, 2025, compared with Rs 819.67 crore a year ago.
Its revenue from operations in the third quarter stood at Rs 14,830.24 crore as against Rs 11,995.21 crore in the year-ago period, it added. Its total expenses in the quarter under review were higher at Rs 13,490.15 crore as compared to Rs 10,937.89 crore in the year-ago period.
In the third quarter, MHCV (medium and heavy commercial vehicle) volume was at 32,929 units as against 26,692 units in Q3 FY25, a growth of 23 per cent. LCV (light commercial vehicle) volumes were at 20,518 units as compared to 15,754 units in Q3 FY25, up 30 per cent, the company said.
