ASK Automotive Limited (ASKAUTOLTD) Financial Results — Revenue ₹551 Cr

Revenue: ₹551 CrNet Profit: ₹72

📢 Key Event
ASK Automotive reported FY26 consolidated revenue of Rs. 551 Cr, up 16.2% YoY, with PAT at Rs. 72 Cr, up 24.2%.

🔄 What Changed
Revenue grew 16.2% YoY to Rs. 551 Cr; PAT grew 24.2% YoY to Rs. 72 Cr; EBITDA grew 24.1% YoY to Rs. 551 Cr; capacity utilization at Bangalore plant reached 90%; export revenue declined to Rs. 141 Cr; GST 2.0 reforms reduced aftermarket GST from 28% to 18%.

🔮 What's Next
FY27 revenue growth expected at mid-teens; Rs. 400 Cr capex planned for new capacity; alloy wheel production to commence in H2 FY27; export growth target of 20% if geopolitical conditions stabilize; dividend of 92.5% (Rs. 1.85 per share) recommended.

💡 Investor Takeaway
ASK Automotive delivered strong FY26 growth and profitability despite aluminium price volatility, with structural reforms like GST 2.0 boosting domestic aftermarket demand and new product launches driving future expansion.

ASK Automotive reported consolidated revenue of Rs. 551 Cr for FY26, up 16.2% YoY, with PAT at Rs. 72 Cr, up 24.2%. EBITDA reached Rs. 551 Cr, growing 24.1% YoY, though margins were pressured by aluminium price volatility. The company achieved 90% capacity utilization at its new Bangalore plant and plans Rs. 400 Cr capex in FY27 for expansion, including alloy wheel production. Export revenue declined to Rs. 141 Cr due to geopolitical headwinds, but domestic aftermarket revenue grew 24.7% as GST 2.0 reforms reduced rates from 28% to 18%. The board recommended a dividend of 92.5% (Rs. 1.85 per share). Management expects mid-teens growth in FY27, driven by new product launches in alloy wheels and sunroof systems, with utilization in the Karoli plant projected to rise as exports resume. No ABS mandate updates were confirmed.

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