Ashok Leyland on Wednesday reported a nearly flat standalone net profit of Rs 771.06 crore for the second quarter of FY26 as muted domestic demand weighed on growth across vehicle categories. The commercial vehicle (CV) maker had posted a profit of Rs 770.10 crore in the same period a year ago. Standalone revenue from operations grew 9% year-on-year to Rs 9,588.18 crore. Profit before exceptional items and tax stood at Rs 1,083 crore, up 23% from Rs 878 crore a year ago. Ebitda margin improved to 12.1% (Rs 1,162 crore) from 11.6% (Rs 1,017 crore) in the corresponding period last year.