Ashok Leyland Limited has announced a key senior management appointment in its Human Resources function, with Mr. Jasmeet Bhatia joining as President & Head HR effective January 27, 2026. The commercial vehicle manufacturer disclosed this change under Regulation 30 of SEBI Listing Regulations.

Leadership Transition Details

The appointment involves a strategic transition in the company's HR leadership structure. Mr. Bhatia assumes the role previously held by Mr. Raja Radhakrishnan, who will now focus on managing Special Projects within Ashok Leyland and the broader Hinduja Group.

Professional Background

Mr. Jasmeet Bhatia brings extensive experience to his new role, with over 25 years in Human Resources across various organizations. His educational credentials include an MBA in Human Resources from Management Development Institute (MDI) and a Bachelor of Science in Computers from Delhi University.

Key Expertise Areas

Throughout his career, Mr. Bhatia has designed and implemented various strategic HR initiatives:

• Leadership development programs
• Succession planning frameworks
• Diversity, equity & inclusion initiatives
• Performance & rewards excellence systems
• Organization change management
• Industrial relations management

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30(6) of the SEBI Listing Regulations, providing comprehensive details about the appointment. The announcement was made to both the National Stock Exchange of India Limited and BSE Limited, ensuring full transparency with stakeholders regarding this senior management change.

This leadership transition reflects Ashok Leyland's commitment to strengthening its human resources capabilities while ensuring continuity in its organizational development initiatives.

Ashok Leyland shares gained 2.53% to close at ₹195.10 during Friday's trading session, with the stock experiencing high trading volumes. The commercial vehicle manufacturer's strong stock performance reflects its robust financial turnaround and consistent growth trajectory over recent years.

Financial Performance Overview

The company has demonstrated remarkable financial recovery, transforming from losses to substantial profitability. The annual financial data reveals a strong growth pattern across key metrics.

Revenue increased consistently from ₹19,454.10 crores in 2021 to ₹48,535.14 crores in 2025, representing significant growth. The company turned profitable in 2023 with a net profit of ₹1,350.91 crores, which further increased to ₹3,351.21 crores in 2025.

Recent Quarterly Results

The latest quarterly performance shows fluctuating but generally strong results across the recent quarters.

The revenue peaked at ₹14,695.55 crores in March 2025, with the most recent quarter (September 2025) showing revenue of ₹12,576.86 crores and net profit of ₹811.66 crores.

Key Financial Ratios and Metrics

The company's financial ratios demonstrate improved operational efficiency and profitability. Net profit margin increased from negative territory in 2021-2022 to 6.90% in 2025. The gross profit margin improved significantly to 19.70% in 2025, while the operating margin reached 17.47%.

Debt management shows a debt-to-equity ratio of 4.06 in 2025, while the current ratio improved to 1.29, indicating better liquidity management. The return on equity remained strong at 25.39% in 2025.

Corporate Actions and Announcements

Ashok Leyland has announced several corporate actions benefiting shareholders. The company declared a bonus issue on May 23, 2025, with an ex-bonus date of July 16, 2025, maintaining a 1:1 bonus ratio. Additionally, the company announced multiple dividend payments, including:

• Interim dividend of ₹1.00 per share on November 07, 2025
• Interim dividend of ₹4.25 per share on May 13, 2025

Recent corporate announcements also include compliance certificates and changes in senior management personnel, along with sales volume updates for December 2025.

Market Position

Ashok Leyland shares are a constituent of the NIFTY MIDCAP 150 index, reflecting the company's significant market presence in the commercial vehicle segment. The stock's performance during Friday's session, characterized by high volume trading and a 2.53% gain, indicates positive investor sentiment toward the company's financial performance and growth prospects.