Chennai, Feb. 12 -- Ashok Leyland reported a 36% jump in consolidated net profit to Rs 761.92 crore for the third quarter of FY25, up from Rs 560.21 crore a year earlier, driven by strong truck and bus sales and sustained fleet replacement demand.

Sequentially, net profit rose 8% from Rs 705.64 crore in Q2.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 8.8% to Rs 1,211.5 crore.

EBITDA margin expanded to 12.8% from 12% a year ago-exceeding analyst expectations of 11.8%.

The stock surged nearly 5% to Rs 212.55 on the BSE at 1:50 PM, as investors responded positively to the company's better-than-expected results and an optimistic industry outlook.

Published by HT Digital Content Services with permission fro...