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The company’s net profit declined 8.7% year-on-year to ₹124.6 crore in Q1 FY26. This is compared with ₹136.5 crore in the same quarter of the previous fiscal.

In the medium and heavy commercial vehicle segment, Ashok Leyland sold 8,145 units across India. This is a 6% increase compared to July 2024.

The issue will be a pure offer for sale (OFS) of up to 10.5 crore equity shares of face value ₹10 each.

Despite the modest decline in profit, the company posted strong revenue growth, with operations rising 20% to ₹348 crore.

The company’s export revenue rose 21% year-on-year, contributing ₹205 crore during the quarter. The domestic sales accounted for ₹78 crore.

Prices for all chemical-grade ores have also been raised by 3% from their July levels, reflecting a broader uptick in market demand and cost factors.

On the operational front, EBITDA rose to ₹1,303 crore, exceeding last year’s figure of ₹1,146 crore.

EBITDA stood at ₹88.3 crore for the quarter. This is more than double the ₹42.3 crore recorded a year ago.

Tata Power commissioned 94 MW of renewable capacity during the quarter, bringing its total operational renewable portfolio to 5.6 GW.

During the quarter, cement dispatches stood at 33.26 lakh tonnes, reflecting nearly 10% year-on-year growth.