During Friday’s trading session, the shares of the Indian flagship of the Hinduja Group and the largest supplier of logistics vehicles to the Indian Army are in focus, after the company’s defence business secured multiple orders worth more than Rs. 700 crores.
Price Movement
With a market cap of Rs. 60,962.3 crores, the shares of Ashok Leyland Limited opened in the green at Rs. 210.55, up by nearly 1 percent, as against its previous closing price of Rs. 208.65. The stock has delivered positive returns of around 21 percent in one year, but about 2.4 percent of negative returns in one month.
What’s the news
As per the latest regulatory filings with the stock exchanges, Ashok Leyland Limited’s Defence business has bagged multiple orders valued at more than Rs. 700 crores. The deliveries are set to commence next financial year.
The orders include the supply of vehicles designed to support Defence sector requirements such as troop transportation, logistics, and other specialized mobility solutions under the Close-in Weapon Systems (CIWS) program.
The awarded contracts cover a diverse range of specialized vehicles, including the Stallion 4×4, Stallion 6×6, Short Chassis Bus, and Mobility System Travelling Platform. These vehicles are designed for superior reliability and outstanding off-road performance, ensuring seamless maneuverability across India’s most challenging terrains while fulfilling various operational needs.
Also read: Stock under ₹60 hits 5% upper circuit after receiving ₹26 Cr order from BPCL
Previous Orders
12th December 2025: Ashok Leyland received an order worth Rs. 345.58 crore from the Tamil Nadu State Transport Corporation for the supply of 1,475 BSVI diesel passenger bus chassis.
19th February 2024: The company secured a Rs. 297.85 crores order for supplying 320 BS VI Diesel Fuel Type 12 Meter Ultra low entry rear engine fully built buses to Tamil Nadu State Transport Corporation for city operations featuring the advanced iGen 6 BS VI technology with a robust H-Series engine rated at 184 kW (246 hp) equipped with Front and Rear Air Suspension.
Financials
Ashok Leyland reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 8.2 percent, rising from Rs. 11,093 crores in Q3 FY24 to Rs. 11,995 crores in Q3 FY25. Similarly, during the same period, the company’s net profit increased from Rs. 560.2 crores to Rs. 762 crores, representing a significant growth of around 36 percent YoY.
About the company
Ashok Leyland Limited, one of the top 5 largest manufacturers of buses in the world and India’s largest bus manufacturer, is primarily engaged in the business of manufacturing and sale of a wide range of commercial vehicles, along with manufacturing engines for industrial and marine applications, forgings and castings.
Written by Shivani Singh
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