Auto Parts & Equipment company ASK Automotive announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Delivered robust performance with Consolidated Total Income of Rs 976 crore, up +22% YoY. All the three product segments continue to perform well and delivered robust revenue growth. Sustained market leadership position in the Advanced Braking System business with +18% YoY growth. The Aluminium Light Weighting Precision Solutions revenue grew by +27% and Safety Control Cables by +18% on YoY basis. Delivered EBITDA of Rs 119 crore, recording +50% YoY growth. Achieved EBITDA margins of 12.2%, an improvement of +230bps on YOY basis and +20bps on QoQ basis. Improvement in margins is mainly driven by better economies of scale due to higher volumes, benefit from increasing capacity utilisation at new Karoli manufacturing facility and focus on cost optimization initiatives. Achieved PAT of Rs 67 crore with +63% YoY growth. EPS increased to Rs 3.41 against Rs 2.09 in last year in same period; up +63% YoY. H1FY25 Financial Highlights: Strong finish to first half of FY25 by delivering Consolidated Total Income of Rs 1,841 crore, posting +26% YoY growth. The Advanced Braking System business vertical revenue grew by +21%, Aluminium Light Weighting Precision Solutions revenue by +32% and Safety Control Cables revenue by +24% on YoY basis. Delivered EBITDA of Rs 222 crore, recording +55% YoY growth. Achieved EBITDA margins of 12.1%, an improvement of +220 bps on YOY basis. Achieved PAT of Rs 124 crore with +63% YoY growth. EPS increased to Rs 6.30 against Rs 3.86 in last year in same period; up +63% YoY. Kuldip Singh Rathee, Chairman and Managing Director said: “I am delighted to share with you that we had a strong finish to the second quarter and first half of the year in both revenue and profitability. This is the fourth consecutive quarter of robust performance by us since listing of the company last year. During Q2FY25, we delivered strong performance in business and recorded significant growth of +22% in revenue, +50% in EBITDA and +63% in PAT on year-on-year basis. This is the highest ever absolute Revenue and EBITDA earned by us in any quarter in past. Also, we continue to outperform the 2W industry vehicle production growth in both Q2FY25 and H1FY25. Further, I am glad that our EBITDA margins have increased to the level of 12.2% in Q2FY25, which is 230 bps higher than Q2FY24 and 20 bps higher compared to Q1FY25. As a result, in first half of FY25, our revenue has grown by +26%, EBITDA by +54% and PAT by +63% on YoY basis. We have delivered EBITDA margins of 12.1%, an improvement of 220 bps on YoY basis. This reflects the result of our continued focus on expanding value-added businesses, improving utilization of production capacities and bringing cost efficiencies. Our aim is to sustain this level of EBITDA margins and improve gradually in the subsequent quarters depending upon the growth of the 2W Industry in H2FY25. With strong performance on profitability, our Earning per share in 1H FY25 has increased to Rs 6.30 per share against Rs 3.86 per share in the same period last year. Our mega manufacturing facility at Karoli is ramping up fast. The increased economies of scale & operational efficiencies are benefitting us in delivering better results. We have started to generate positive EBITDA margins from this plant. Further, construction work for our new plant at Bengaluru is progressing well as per plan. Also, commissioning work of our upcoming Solar Power Plant of 9.9MWp in Sirsa, Haryana for captive consumption is nearing completion. As we go forward, we are hopeful of maintaining trend of outperforming the industry growth in the subsequent quarters of FY25. We anticipate the growth momentum in two-wheeler sector to continue for the remaining part of the year with prevailing positive market sentiments on arrival of the upcoming festive season. We are committed to keep contributing towards the value creation for our Stakeholders and Investors ” Result PDF