Wednesday Nov 11, 2026
Wednesday Nov 11, 2026
Wednesday, 11 November 2026 00:00 - - {{hitsCtrl.values.hits}}
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| CEO Umesh Gautam |
Lanka Ashok Leyland PLC (LAL) yesterday said it has recorded revenue growth of 78% to Rs. 13.8 billion in the six months ended 30 September 2026, up from compared to Rs. 7.75 billion during the corresponding period last year.
The company’s Profit Before Tax increased by 66% to Rs. 2.8 billion, while Profit After Tax grew by 67% to Rs. 1.95 billion, compared to Rs. 1.17 billion in the previous year. Revenue from new vehicle sales increased by 86% to Rs. 12.61 billion, reflecting strong demand for Lanka Ashok Leyland vehicles.
Commenting on the company’s performance, CEO Umesh Gautam said that one of the most significant achievements during the period was the Company’s ability to generate its entire bus and truck sales from the private sector, without any Government vehicle purchases. This clearly demonstrates our ability to sustain growth independently of Government procurement.
Luxury AC buses drive growth and profitability
Sri Lanka’s passenger transport sector is gradually moving towards modernisation, with increasing demand for luxury, comfortable and air-conditioned buses. Private passenger transport operators are increasingly investing in higher-value buses to meet changing passenger expectations.
Recognising this market transformation, Lanka Ashok Leyland has aggressively marketed its Luxura AC luxury bus range, which has contributed positively to the Company’s revenue growth and profitability.
Gautam added: “The passenger transport industry is undergoing a significant transformation, with operators increasingly recognising the commercial potential of modern luxury buses. Our strategic focus on promoting Luxura AC buses has enabled us to capitalise on this growing demand while improving our profitability.”
Elaborating on the Company’s future plans, Gautam said: “Our objective is to make modern passenger transport affordable to private operators. We are working towards introducing Ultra Low Floor Buses with the improved specifications and comfort of Ultra Low Floor City Buses at a significantly lower price, together with financial support that will enable private bus operators not only to purchase these buses but also to operate and maintain them economically.”
With its strong financial performance, growing private-sector customer base and continued focus on innovative transport solutions, Lanka Ashok Leyland remains committed to supporting the modernisation of Sri Lanka’s passenger transport sector while delivering sustainable growth and long-term value to its shareholders.
