Ashok Leyland's shares dipped 2% despite a 14% YoY rise in net profit to Rs 1,291 crore for Q4 FY26. Revenue grew over 17% to Rs 17,246 crore. Analysts remain cautious, citing diesel price hikes and commodity inflation as headwinds, with mixed target price adjustments.

Ashok Leyland reported record FY26 revenue and profit as commercial vehicle sales, exports and Switch Mobility business posted strong growth.

Ashok Leyland reported a strong rise in fourth-quarter profit and revenue for FY26, driven by record commercial vehicle, export and light commercial vehicle volumes. The company…