Ashok Leyland Delivers Record Q3 FY26 Performance with Strong Volume Growth and Market Share Gains
Ashok Leyland reported record Q3 FY26 results with revenue of INR11,534 crores (up 21.7% YoY) and EBITDA of INR1,535 crores (up 26.7% YoY), achieving 13.3% EBITDA margin. The company gained market share in both MHCV (30.9%) and LCV (12.1%) segments, driven by strong domestic volume growth of 23.4% and 30% respectively. Non-CV businesses showed robust growth with defense revenues up 84% YoY and Power Solutions up 45% YoY, while the company maintains strong cash position of INR2,619 crores.
