Ashok Leyland Ltd, the flagship of the Hinduja Group, on Friday released its fiscal fourth quarter earnings with profit at Rs 1,245.87 crore, surpassing estimates. This was 38.37 per cent higher than Rs 900.41 crore reported during the fourth quarter of FY24. It posted revenue from operations at Rs 11,906.71 crore, up 5.68 per cent as against Rs 11,266.69 crore recorded during the corresponding quarter of previous financial year. The company EBITDA stood at Rs 1,791 crore.
According to a CNBC TV18 poll, Ashok Leyland was expected to record Q4 profit at Rs 1,134 crore and revenue for the quarter in review was estimated at Rs 12,196 crore.
Cash generated during the quarter was Rs 3,284 crore.
For FY25, Ashok Leyland recorded EBITDA at 12.7 per cent (Rs 4,931 crore) as against 12.0 per cent last year. The company ended the financial year with net cash of Rs 4,242 crore, as against net debt of Rs 89 crore at the end of the previous year.
Shenu Agarwal, Managing Director & CEO, Ashok Leyland Limited, said, “FY25 has been another landmark year for us. We’ve set new records in revenue, EBITDA, and profitability. Our margin expansion and robust cash generation reflect the strength of our operations. It also gives us immense satisfaction to achieve our medium-term goal of mid-teen EBITDA in Q4. The company is in a very strong cash position, ending the year with a cash surplus of Rs 4,242 crore.”
The overall CV volumes at the end of March 31, 2025 stood at 195,093 units. MHCV buses recorded the highest volume of 21,249 units during the year. Export volume, meanwhile, was also one of the highest in many years at 15,255 units, registering a growth of 29 per cent over PY (11,853). The Power Solutions and Defence Businesses also posted healthy growth.
Dividend announcement
The company board also declared two interim dividends for FY25 (i.e. Rs 2 per share in November 2024 and Rs 4.25 per share in May 2025) totaling to Rs 6.25 per share on a face value of Re 1 each.
Issue of bonus shares
The company board has also approved the issue of bonus equity shares in the ratio 1 : 1 i.e. 1 equity shares of Re 1 each for every 1 full paid-up equity share of Re 1 each held by the shareholders of the company as on the record date.
“The Company will inform the “Record Date” for determining the entitlement of the shareholders to receive bonus shares in due course,” it said in a regulatory filing.