Auto Parts & Equipment company ASK Automotive announced Q1FY26 results Revenue growth up +11.1% Consolidated Revenue Growth up +3.5% reaching Rs 895 crore. The Advanced Braking Systems business vertical revenue grew by +4%, Aluminium Light Weighting Precision Solutions revenue by +15% and Safety Control Cables revenue by +6% on YoY basis. Revenue from exports were at Rs 33 crore against Rs 33 crore last year in same period. Delivered highest quarterly EBITDA of Rs 123 crore, recording +19.3% YoY growth. Achieved highest EBITDA margins of 13.8%, an improvement of +183 bps from Q1FY25 and 124bps from Q4FY25. Achieved PAT of Rs 66 crore with +16.3% YoY growth. EPS increased to Rs 3.35 against Rs 2.88 in last year in same period; up +16.3% YoY. Commenting on the results, Kuldip Singh Rathee, Chairman and Managing Director said: “I am delighted to share with you that we had a strong finish to the first quarter in both revenue and profitability. This is the seventh consecutive quarter of robust performance by us since listing of the Company. During Q1FY26, we delivered strong performance in business and recorded revenue growth of +11.1% (excluding Wheel Assembly business), Wheel Assembly strategic reduction (-) 53.5% and Consolidated Revenue has grown by +3.5% on year-on-year basis. We continue to outperform the 2W industry vehicle production growth. Achieved growth of +19.3% in EBITDA and +16.3% in PAT on year-on-year basis. Further, I am glad that our EBITDA margins have increased to the level of 13.8% in Q1FY26, which is 183 bps higher than Q1FY25. 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 current level of EBITDA margins and continue our efforts to improve gradually in the subsequent quarters depending upon the growth of the 2W Industry. With strong performance, our Earning per share (EPS) has increased to Rs 3.35 per share in Q1FY26 against Rs 2.88 per share in last year same period. Our mega manufacturing facility at Karoli and new Bangalore facility is ramping up fast. The improved economies of scale & operational efficiencies are benefitting us in delivering better performance. As we go forward, we are hopeful of maintaining trend of outperforming the industry growth in the subsequent quarters of FY26. We are committed to keep contributing towards the value creation for our Stakeholders and Investors.” Result PDF
Auto Parts & Equipment company ASK Automotive announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Q4FY25 delivered Consolidated Total Income of Rs 853 crore, posting +8.5% YoY growth. The Advanced Braking Systems business vertical revenue grew by +9%, Aluminium Light Weighting Precision Solutions revenue by +21% and Safety Control Cables revenue by +1% on YoY basis. Revenue from exports were at Rs 39 crore against Rs 28 crore last year in same period. Delivered EBITDA of Rs 107 crore, recording +25% YoY growth. Achieved EBITDA margins of 12.5%, an improvement of +162 bps on YOY basis. Achieved PAT of Rs 58 crore with +21% YoY growth. EPS increased to Rs 2.9 against Rs 2.4 in last year in same period; up +21% YoY. FY25 Financial Highlights: Delivered robust performance with Consolidated Total Income of Rs 3613 crore, up +20% YoY. All the three product segments continue to perform well and delivered robust revenue growth. Sustained market leadership position in the Advanced Braking Systems business with +16% YoY growth. The Aluminium Light Weighting Precision Solutions revenue grew by +28% and Safety Control Cables by +14% on YoY basis. Revenue from exports remained the same at Rs 147 crore against Rs 147 crore last year. Delivered EBITDA of Rs 444 crore, recording +43% YoY growth. Achieved EBITDA margins of 12.3%, an improvement of +193bps on YoY 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 248 crore with +43% YoY growth. EPS increased to Rs 12.6 against Rs 8.8 in last year in same period; up +43% YoY. ROACE increased to 27.7% against 23.6% last year. The Board has recommended a dividend of 75% i.e. Rs 1.5 per equity share of face value of Rs 2.0 each. Kuldip Singh Rathee, Chairman & Managing Director said: “I am delighted to share with you that we had a strong finish to the fourth quarter and full year in both revenue and profitability. This is the sixth consecutive quarter of robust performance by us since listing of the Company. During Q4FY25, we delivered strong performance in business and recorded growth of +9% in revenue, +25% in EBITDA and +21% in PAT on year-on-year basis. Also, we continue to outperform the 2W industry vehicle production growth in both Q4FY25 and in full year FY25. Further, I am glad that our EBITDA margins have increased to the level of 12.5% in Q4FY25, which is 162 bps higher than Q4 FY24. As a result, in full year FY25, our revenue has grown by 20%, EBITDA by 43% and PAT by 43% on YoY basis. We have delivered EBITDA margins of 12.3%, an improvement of 193 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. With strong performance on profitability, our Earning per share (EPS) in full year FY25 has increased to Rs 12.6 per share against Rs 8.8 per share in last year same period. The Board has recommended a dividend of 75% i.e. Rs 1.5 per equity share of face value of Rs 2.0 each. Our mega manufacturing facility at Karoli is ramping up fast. The increased economies of scale & operational efficiencies are benefitting us in delivering better performance. Entered into a Strategic partnership with Kyushu Yanagawa Seiki Co., Ltd. (Japan) in March 25 for High Pressure Die Casted Alloy Wheels for Two-Wheeler. Started commercial production at 18th manufacturing facility of the Group at Karnataka on 14th January 2025. CRISIL has upgraded our long-term credit rating from AA- to AA, reflecting our strengthened financial position. As we go forward, we are hopeful of maintaining trend of outperforming the industry growth in the subsequent year. We anticipate the growth momentum in two-wheeler sector to continue for the upcoming year. We are committed to keep contributing towards the value creation for our Stakeholders and Investors.” Result PDF
Auto Parts & Equipment company ASK Automotive announced Q3FY25 results Delivered robust performance with Consolidated Total Income of Rs 919 crore, up +21% YoY. Delivered EBITDA of Rs 115 crore, recording +41% YoY growth. Achieved EBITDA margins of 12.5%, an improvement of +180bps on YoY 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 66 crore with +32% YoY growth. EPS increased to Rs 3.3 against Rs 2.5 in last year in same period; up +32% YoY. Kuldip Singh Rathee, Chairman and Managing Director said: “I am delighted to share with you that we had a strong finish to the third quarter and nine months of the year in both revenue and profitability. This is the fifth consecutive quarter of robust performance by us since listing of the Company last year During Q3FY25, we delivered strong performance in business and recorded significant growth of +21% in revenue, +41% in EBITDA and +32% in PAT on year-on-year basis. Also, we continue to outperform the 2W industry vehicle production growth in both Q3FY25 and 9MFY25. Further, I am glad that our EBITDA margins have increased to the level of 12.5% in Q3FY25, which is 180 bps higher than Q3 FY24. As a result, in nine months of FY25, our revenue has grown by 24%, EBITDA by 50% and PAT by 51% on YoY basis. We have delivered EBITDA margins of 12.2%, an improvement of 205 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. With strong performance on profitability, our Earning per share (EPS) in 9MFY25 has increased to Rs 9.6 per share against Rs 6.4 per share in last year same period. Our mega manufacturing facility at Karoli is ramping up fast. The increased economies of scale & operational efficiencies are benefitting us in delivering better performance. Started commercial production at 18th manufacturing facility of the Group at Karnataka on 14th January 2025. Solar Power Plant of 9.9MWp in Sirsa, Haryana dedicated for captive consumption, started trial production on 27 January 2025. CRISIL has upgraded our long-term credit rating from AA- to AA, reflecting our strengthened financial position. As we go forward, we are hopeful of maintaining trend of outperforming the industry growth in the subsequent quarter of FY25. We anticipate the growth momentum in two-wheeler sector to continue for the remaining part of the year. We are committed to keep contributing towards the value creation for our Stakeholders and Investors” Result PDF