Ashok Leyland Stock Q1 Review - Nirmal Bang Maintains 'Buy', Says Margins To Expand On Better Mix, Pricing
Published on: Aug. 18, 2025, 10:55 a.m. | Source: NDTV Profit
Ashok Leyland Ltd. reported highest-ever Q1 revenue, Ebitda, and PAT, and maintained mid-single digit volume growth guidance for medium and heavy commercial vehicle, with light commercial vehicle growth being slightly higher. We maintain a Buy rating on the stock as the company has taken significant steps to insulate itself from business cyclicality by diversifying into other margin-accretive segments that are not as linked to the business cycle.
