Ashok Leyland, the Indian flagship of the Hinduja Group and the country's leading commercial vehicle manufacturer, delivered a successive Q3 record in line with its focus on profitable growth.

 Key highlights are as follows:

• Achieved an all-time high Q3 net profit of Rs 762 Cr, an increase of 31 per cent over the same period last year.
• Reported an all-time high Q3 EBITDA of Rs 1,211 Cr (12.8 per cent) compared to Rs 1,114 Cr (12.0 per cent) in Q3 FY24, marking the eighth consecutive quarter with double-digit EBITDA percentages.
• Recorded all-time high Q3 revenues of Rs 9,479 crore, compared to Rs 9,273 Cr in Q3 FY24.
• Achieved export volumes of 4,151 units in Q3 FY25 against 3,128 units in the same period last year, registering a growth of 33 per cent.
• Turned cash positive at the end of the quarter with net cash of Rs 958 Cr, as against net debt of Rs 1,747 Cr at the end of Q3 FY24.

Ashok Leyland's domestic MHCV market share remains above 30 per cent, with continued market leadership in the bus segment. The company recently launched SAATHI, marking its entry into the entry-level LCV segment, catering to a previously unaddressed customer base. At the Bharat Mobility Global Expo, Ashok Leyland showcased several innovations, including the industry-first electric Port Terminal Tractor, India's first 15-metre bus with a front engine and 42 sleeper berths, and Switch's concept electric truck in the 7.5T GVW range, a first in the segment.

The Defence, Power Solutions, and Aftermarket businesses continue to deliver strong performance.

 Dheeraj Hinduja, Executive Chairman of Ashok Leyland, said: "The steady progress we are making in profitability is backed by products that deliver superior performance, coupled with robust customer engagement. Sales in international markets are showing strong growth, and we expect this momentum to accelerate with the launch of new products. I compliment the management and all our teams for delivering a record-breaking Q3 for the second year in a row. We are also continuing to invest in battery electric and alternative fuel products to maintain our technology leadership position. Switch has a healthy order book and plans to launch a series of products over the next 12 months."

Shenu Agarwal, Managing Director & CEO of Ashok Leyland, added: "Relative to Q2, the MHCV market revived significantly in Q3 and is expected to improve further as we enter the last quarter. Our focus remains on profitable growth through product premiumisation, cost leadership, better service reach, and enhanced value-added services. Non-CV businesses have performed well and offer further growth potential. We remain optimistic about the CV industry's growth in the medium and long term, as macroeconomic factors continue to be favourable."