Ashok Leyland, the Indian flagship of the Hinduja Group, posted an all-time high net profit in the December quarter on Wednesday after lifting revenue, though costs rose on a one-time labour-code charge and pricier raw materials. Net profit rose 4.5% to ₹796 crore and revenue climbed 22% to ₹11,534 crore; the company took a one-time ₹308 crore charge linked to new labour codes and said expenses rose 20.1%, led by a 19.2% jump in raw material costs. The numbers land in the middle of a crowded results week, with investors looking for quick signals on demand and pricing power, especially in cyclicals like autos and transport. Siddhartha Khemka, head of research at Motilal Oswal Financial Services, said markets could keep