Ashok Leyland Q3: Revenue, EBITDA Soar, Profit Misses Estimates Due to One-Time Expense

• Ashok Leyland's Q3 consolidated profit reached 796 crore, up from 761 crore YoY, but fell short of the 964 crore estimate.
• Consolidated income surged to 11,534 crore, exceeding last year's 9,478 crore and the 11,290 crore estimate.
• EBITDA rose to 1,535 crore from 1,211 crore YoY, surpassing the 1,450 crore estimate.
• EBITDA margin improved to 13.3% from 12.8%, slightly above the 13% estimate.
• Profit was impacted by a one-time expense of 308 crore related to Labour Code changes, despite strong underlying performance.