Lanka Ashok Leyland posts strong FY 26; declares 300% dividend

Tuesday, 26 May 2026 07:26 - - {{hitsCtrl.values.hits}}

CEO Umesh Gautam

Lanka Ashok Leyland PLC has recorded an outstanding financial performance for the year ended 31 March 2026, with Profit After Tax increasing to Rs. 3.06 billion compared to Rs. 1.53 billion in the previous year, while revenue grew significantly to Rs. 19.33 billion from Rs. 9 billion.

In view of the strong performance, the Board of Directors has declared a dividend of 300%, equivalent to Rs. 30 per share.

Commenting on the results, Lanka Ashok Leyland PLC Chief Executive Office Umesh Gautam stated that the exceptional growth was driven by increased vehicle sales, higher local value addition, operational efficiencies, and export of vehicles, which also contributed positively towards the profitability of the Company. He further stated that the Company successfully relaunched rear-engine super luxury air-conditioned coaches for Sri Lanka’s tourism segment, further strengthening its presence in the premium passenger transport sector.

He further stated that Lanka Ashok Leyland PLC continues to play a significant role in supporting the Government of Sri Lanka’s vision of strengthening local industry through employment generation, development of local supply chains, and increasing local manufacturing and value addition in the automotive sector.

Gautam added that the Company remains committed to further expanding its contribution to the national economy while strengthening its leadership position in Sri Lanka’s commercial vehicle industry.