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Ashok Leyland shares rise 2% post Q1 results. What Citi and Nomura suggest

Ashok Leyland shares rose 2.15% after the commercial vehicle maker reported a 2% YoY increase in consolidated net profit to Rs 668 crore in Q1. Revenue rose 10% to Rs 10,750 crore, while standalone net profit hit a record Rs 609 crore. However, EBITDA margin narrowed to 10.1% from 11.1% due to rising material costs during the quarter.

17 Aug 2026 9:00 am