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Ashok Leyland Q2 FY27 Results 2026: Date and What to Watch

Ashok Leyland Limited reports results for the quarter ended 30 September 2026 on 14 November 2026.

Updated 10 Nov 23:00 IST · Source: company announcements · By Genvest, SEBI-registered Investment Adviser INA000018382

Results date
14 November 2026
Revenue, Q1 FY27
₹9,634 cr+10.4% YoY
Net profit, Q1 FY27
₹609 cr+2.6% YoY
Operating margin, Q1 FY27
10.06%−453 bps QoQ

In short: Ashok Leyland reports Q2 FY27 results on 14 November 2026. In Q1 FY27, revenue rose 10.4% to ₹9,634 crore from a year earlier and net profit rose 2.6% to ₹609 crore. Things to watch: vehicle sales, material costs and prices and Gulf plant recovery.

What to watch in Ashok Leyland's Q2 FY27 results

  • Vehicle sales. Ashok Leyland's monthly sales filings for July, August and September add up to 64,677 vehicles including exports, 31.7% more than 49,116 a year earlier and 32.6% more than 48,763 in the June quarter. Medium and heavy commercial vehicle (M&HCV) trucks rose 49.5% from a year earlier to 33,801 and light commercial vehicles (LCVs) 22.3% to 22,500, while M&HCV buses rose 3.3% to 8,376. October sales were 21,888, up 23% from a year earlier.
  • Material costs and prices. On the 14 August call, Managing Director and Chief Executive Officer Shenu Agarwal said commodity costs in the September quarter would be even higher than in the June quarter, with improvement expected from the December quarter and largely from the March quarter. Whole-Time Director and Chief Financial Officer K.M. Balaji said price increases since April added up to about 2.25% for M&HCVs and more than 3.5% for LCVs. He said the July pay increment cycle would add about 4% to 5% to employee costs over the June quarter.
  • Gulf plant recovery. Shenu Agarwal said the war situation had disrupted Ashok Leyland's plant at Ras Al Khaimah in the United Arab Emirates, which assembles all its products for Gulf Cooperation Council (GCC) markets, and that the plant almost stopped in April and part of May. He said it made 600 units in July, expected 700 in August and would return to its peak output of 800 in September. He added that the company was trying to bring forward a new plant in Saudi Arabia, originally planned to be running in 18 to 24 months.
  • Switch electric buses. Shenu Agarwal said Switch Mobility India, the company's electric vehicle subsidiary, had recently won an order for 650 electric buses, taking its order book to 2,100 e-buses. In 2025–26 Switch Mobility's electric bus volumes were 1,530 and its electric light commercial vehicle volumes 1,606, with revenue of ₹1,807 crore and profit after tax of ₹104 crore, according to the March-quarter press release. As a subsidiary, Switch is not part of the standalone figures shown here.

Ashok Leyland Q1 FY27 results at a glance

  • Revenue from operations was ₹9,634 crore, up 10.4% from a year earlier and down 32.0% from the previous quarter.
  • Net profit was ₹609 crore, up 2.6% from a year earlier and down 56.6% from the previous quarter.
  • EBITDA was ₹970 crore, flat from a year earlier and down 53.0% from the previous quarter.
  • Operating margin was 10.06%, down 453 bps from the previous quarter and down 105 bps from a year earlier.
MetricQ1 FY27Q4 FY26Q1 FY26QoQYoY
Standalone revenue (₹ crore)9,63414,1608,725−32.0%+10.4%
EBITDA (₹ crore)9702,066970−53.0%0.0%
Net profit (₹ crore)6091,405594−56.6%+2.6%
Operating margin10.06%14.59%11.11%−453 bps−105 bps

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Ashok Leyland Q2 FY27 results: questions

When will Ashok Leyland announce Q2 FY27 results?

Ashok Leyland Limited reports results for the quarter ended 30 September 2026 on 14 November 2026.

What were Ashok Leyland's results last quarter?

In Q1 FY27, revenue from operations was ₹9,634 crore (+10.4% YoY) and net profit was ₹609 crore (+2.6% YoY).

Other auto Q2 FY27 results

All auto Q2 FY27 results in one place

Sources

This page is educational research based on company results filings and AMFI data. It is not a recommendation to buy or sell any security or fund, or personalised investment advice. Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.