Colombo Stock Exchange ASPI fell 0.22% (47.45 pts) to 21,160.65 with turnover Rs 3.28bn, led by food & staples retailing and large crossings dominated by Cargills. Dialog, John Keells, Aitken Spence and Lanka Ashok Leyland were top gainers while Ceylinco Insurance, Harischandra Mills and HNB were top losers.
Lanka Ashok Leyland (ASHO.N0000) reported FY26 PAT of Rs.3.06bn (vs Rs.1.53bn LY) and revenue of Rs.19.33bn, and the board declared a 300% dividend (Rs.30/share). The company said growth was driven by higher vehicle sales, local value addition, exports and operational efficiencies, and it relaunched premium coaches for tourism.
The central bank hiked rates 100bp to 8.75%, and the Colombo Stock Exchange fell with the ASPI down 0.51% to 22,249.88; market turnover was Rs.2.99bn with insurance leading at Rs.2.6bn. Lanka Ashok Leyland proposed a final dividend of Rs30/share and Lighthouse Hotel declared a final dividend of Rs3/share.
The Sri Lankan–German Business Forum 2026 will run 27–29 May in Colombo to promote FDI in maritime, ports and logistics and to showcase Sri Lankan IT startups. The conference, attended by the Prime Minister, will focus on port infrastructure financing, boosting exports to the EU and digitalisation.
The India Cup 2026 golf tournament was held at the Royal Colombo Golf Club on 23 January 2026 with a record number of participants. Event sponsors included Lanka Ashok Leyland, Lanka IOC, Carson Cumberbatch and Tal Lanka Hotels.
Tourism
Ada Derana·Jan 2, 2026·Award or certificationPositive
Ferentino Tyres says it commands a 75% value share of Sri Lanka’s OEM tyre market. The company names partners including Lanka Ashok Leyland among its OEM customers and plans to expand into international markets.
Ferentino Tyre Corporation says it holds a 75% value share of Sri Lanka's OEM tyre market. The company lists partners including Lanka Ashok Leyland and says it plans to strengthen its presence in international markets.
Cabinet approved a Rs. 774 million vehicle procurement for the Department of Prisons, awarding Lanka Ashok Leyland PLC contracts for 30 (44-seat) and 10 (30-seat) buses and Brown & Company PLC contracts for three tractors.
Ada Derana·Oct 22, 2025·Promotional / marketingNegative
DIMO unveiled a flagship Tata Passenger Vehicle showroom at Altair Colombo as part of a nationwide expansion of its Tata PV showroom network. The company plans further openings (Batticaloa, Kandy, Jaffna) and is expanding aftersales, EV charging, parts availability and financing options.
Ada Derana·Oct 17, 2025·Earnings & resultsPositive
Lanka Ashok Leyland PLC (ASHO.N0000) reported H1 profit of Rs. 1.17 billion and revenue of Rs. 7.75 billion for the half-year to Sept 30, 2025. The company cited local manufacturing and government support as drivers and plans to relaunch 80 Ultra Low Floor AC buses with an attractive financing package for private operators.
Lanka Ashok Leyland reported a H1 profit of Rs.1.17 billion and revenue of Rs.7.75 billion for the six months to 30 Sep 2025. The company plans to relaunch 80 Ultra Low Floor AC buses with an attractive financing package and is expanding local manufacturing in collaboration with the government.
Ada Derana·Oct 6, 2025·Promotional / marketingNegative
DIMO’s fully owned subsidiary DIMO Moveflex launched ZHONGTONG’s new premium bus range in Sri Lanka and handed over 17 buses to customers. The models target tourism, intercity and institutional transport with claimed 10–15% fuel-efficiency gains and island-wide after-sales support.
The Indo-Lanka Chamber of Commerce & Industry held its 17th AGM on 26 September; M. Raghuraman was re-elected president and Lanka IOC MD Dipak Das was elected a vice-president. Panelists urged deeper India–Sri Lanka cooperation in energy, digital infrastructure and trade; committee includes Hemas, John Keells, Lanka Ashok Leyland, PGP Glass, Sunshine and TAL Lanka Hotels.
The Indo-Lanka Chamber of Commerce & Industry held its 17th AGM on 26 Sep 2025; M. Raghuraman was re-elected President and Dipak Das (MD, Lanka IOC) and Krishna Selvanathan were elected Vice Presidents. The ILCCI committee includes Hemas, Lanka Ashok Leyland, PGP Glass, Sunshine and TAL Lanka Hotels among others.
Renewable EnergyIT & DigitalExporters
Ada Derana·Sep 8, 2025·Promotional / marketingNegative
DIMO (Diesel & Motor Engineering) launched Mercedes-Benz OH1626L buses in Sri Lanka, introducing 260 hp, Euro 4-compliant coaches with advanced safety and comfort features plus dedicated aftersales, financing, training and mobile service support for fleet operators and tourism providers.
Tourism
Ada Derana·Aug 25, 2025·Promotional / marketingNegative
DIMO (Diesel & Motor Engineering PLC) and Tata Motors launched 10 new commercial trucks and buses in Sri Lanka, expanding DIMO’s distribution portfolio under their 65-year partnership. Select models include up to 3-year/300,000 km warranties and support from 15 nationwide service centers.
Construction Activity
Ada Derana·Aug 4, 2025·Promotional / marketingNegative
DIMO has partnered with Bank of Ceylon to offer leasing of Mercedes‑Benz, Jeep and Tata vehicles with concessionary interest rates to expand access via BoC's 651 branches. The deal includes discounts on Tata commercial vehicles and waived insurance for ACE HT2 and XENON YODHA pick‑ups until end‑August 2025.
Lanka Ashok Leyland reported export revenues of 140 million in 2025 (down from 255 million a year earlier), said initial consignments were delivered to the Maldives and that it is exploring export opportunities in right-hand-drive African markets. It also plans to introduce electric commercial vehicles in Sri Lanka.
Colombo bourse extended gains as the ASPI closed at 19,092 (up ~47 points) on turnover of Rs.5.9bn; banking led activity (23%) and top contributors included DFCC, NDB, AEL, HNB and ASHO, while foreigners were net sellers of Rs.38.2m.
CEAT Kelani supplies over 150,000 OE tyres annually, covering more than 90% of vehicles assembled in Sri Lanka and is original equipment for 11 local vehicle brands including Lanka Ashok Leyland. The OE segment is about 12% of domestic CEAT sales and CEAT exports roughly 20% of output.
CEAT Kelani launched the new 'Load Max Pro' bias-ply truck tyre series in Sri Lanka, claiming mileage that cuts tyre cost to under Rs 2 per km and debuting two sizes (10.00-20 and 7.50-16). The tyres target heavy and light trucks — including Lanka Ashok Leyland models — and are designed for longer life, higher load capacity and multiple retreads; CEAT exports about 20% of production.
Lanka Ashok Leyland PLC appointed Udeni Samararatne and Dinesh Weerakkody as Independent Non-Executive Directors, effective 1 February 2025. Both appointees have extensive banking and finance backgrounds, including roles at Union Bank of Colombo, Hatton National Bank, Commercial Bank and Alliance Finance.