The firm’s revenue from operations meanwhile grew more than 17% YoY to Rs 17,246 crore during the quarter under review, as against Rs 14,695 crore reported in the year-ago period. Total expenses increased over 18% YoY to Rs 15,493 crore, while total income rose over 17% YoY to Rs 17,417 crore during the fourth quarter of the financial year which ended on March 31, 2026.
Along with the Q4 results, Ashok Leyland announced a second interim dividend of Rs 2.5 per share with a face value of Re 1 each for the financial year 2026. The dividend would be paid on or before June 26.
Ashok Leyland announces dividend
The record date to determine the eligibility of shareholders set to receive the payment has been fixed on June 3 (Wednesday). The company said that there will not be any final dividend for the financial year 2026.
Ashok Leyland said that its revenues overall rose 14% to Rs 44,007 crore during the financial year 2026, while profit increased 8% to Rs 3,566 crore, after a one-time charge of Rs 308 crore owing to the new labour code.
“Overall CV volumes scaled a new all-time high of 220,437 units, surpassing the previous peak of 197,366 units achieved in FY19. The CV Volumes in FY26 were up 13% from last year. LCV volumes set a new benchmark, reaching 74,322 units, well above the earlier high of 66,633 units in FY24. Export volumes also reached a historic high of 18,082 units, delivering a robust growth of 18.5% over the previous year’s 15,255 units. The Power Solutions and Aftermarket businesses continued their strong momentum, posting impressive growth during the year,” the company said.
What Ashok Leyland’s management says
Speaking about the company’s results, Ashok Leyland’s Chairman Dheeraj Hinduja said that achieving record-breaking milestones and delivering a strong financial performance across businesses is a matter of immense “pride for us”. “Our CV and export volumes were at an all-time high, reflecting the deep trust our customers place in us. The Company delivered significant growth in Power Solutions, Aftermarket and Electric Mobility businesses. Our Defence order pipeline is at its all-time high, signifying ability to deliver superior growth in the coming years. Our entry into Indonesia gives further boost to our ambition in global markets. The record financial performance is backed by relentless innovation, unwavering focus on customer satisfaction, and ability to accelerate our ambition in global markets. We are well-positioned to sustain profitable growth and create long-term value,” he added.
Ashok Leyland Managing Director & CEO Shenu Agarwal meanwhile said that FY26 was a defining year for the company, marked by record-breaking achievements across revenue, EBITDA, profitability and cash generation. “Our strong margin expansion reflects the success of our premiumization strategy, the resilience of our operations, and the growing strength of our diversified business portfolio. A record cash surplus of nearly Rs. 6,000 Cr provides us with significant firepower for enhanced investments in products, technology and future-ready solutions, while continuing to elevate customer experience. With consecutive three years of record performance, we are more confident than ever in our ability to strengthen our technology leadership, gain market share and further enhance price realization through superior value delivery,” he further said.
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