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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Ashok Leyland
Ashok Leyland (ASHOKLEY) investor relations material
Ashok Leyland Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 26/27 earnings summary14 Aug, 2026
Executive summary
Achieved record Q1 volumes with 48,763 commercial vehicles sold, up from 44,238 units year-over-year, and all-time high Q1 CV volume, revenue, profit, and cash surplus, continuing historic growth from FY 2026.
Demonstrated resilience amid geopolitical and supply chain challenges, with broad-based growth across core businesses.
Maintained strong operational discipline and focus on premiumization, innovation, and customer service.
Net cash position improved to ₹2,252 crore, a positive swing of ₹1,432 crore year-over-year.
EBITDA margin declined to 10.1% from 11.1% year-over-year due to rising material costs.
Financial highlights
Q1 FY27 revenue reached INR 9,634 crore, up 10% YoY; record quarterly revenue.
EBITDA flat at INR 970 crore YoY; EBITDA margin at 10.1%, down 100 bps YoY due to higher material costs.
PBT at INR 830 crore, up 4% YoY; PAT at INR 609 crore, up 3% YoY.
Consolidated revenue from operations for Q1 FY27 was ₹13,069.59 crore, up from ₹11,708.54 crore in Q1 FY26.
Net cash position at INR 2,252 crore, up INR 1,431 crore YoY.
Outlook and guidance
Expect commodity cost pressures to persist in Q2, with improvement anticipated from Q3 onward.
Industry growth momentum expected to continue through September/October, with high single-digit growth for MHCV and slightly higher for LCV for the full year.
Focus remains on cost savings, premiumization, price realization, and product mix to mitigate margin pressures.
Government initiatives like Parivartan expected to support long-term industry growth.
Company is strengthening presence in international and Defence markets.
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Latest events from Ashok Leyland
- FY26 saw record results, robust volume growth, and a strengthened cash position.ASHOKLEY
Q4 25/26 - Record Q3 revenue, profit, and market share gains, with strong outlook and robust cash position.ASHOKLEYQ3 25/26
- Record PAT, 12.1% EBITDA margin, and 45% export growth highlight robust Q2 performance.ASHOKLEYQ2 25/26
- Record Q1 revenue, profit, and volumes; EBITDA margin at 11.1% and strong outlook.ASHOKLEYQ1 25/26
- Q2 FY25 net profit up 37% YOY to INR 770 crore; EBITDA margin at 11.6%; interim dividend declared.ASHOKLEYQ2 24/25
- Record Q1 revenue and volumes drive margin gains and strong financial performance.ASHOKLEYQ1 24/25
- FY 2025 saw record profits, strong export and EV growth, interim dividends, and bonus shares.ASHOKLEYQ4 24/25
- Record Q3 profit, revenue, and exports, with cash-positive status and strong growth outlook.ASHOKLEYQ3 24/25
Next Ashok Leyland earnings date
Q2 26/2716 Nov, 2026
Ashok Leyland
Next Ashok Leyland earnings date
Q2 26/2716 Nov, 2026
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Frequently asked questions
Ashok Leyland Limited is an automotive manufacturing company specializing in the production of commercial vehicles, including trucks, buses, light commercial vehicles, and defense mobility solutions. The company serves various industries such as logistics, construction, public transportation, and military applications. It operates manufacturing facilities across India and exports vehicles to multiple international markets. The company is headquartered in Chennai, India, and its shares are listed on the BSE.