ASK Automotive (ASKAUTOLTD) Q2 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue, EBITDA, and PAT in Q2 FY 2026, marking eight consecutive quarters of robust performance since listing, with revenue growth outpacing industry trends year-over-year.

• Strategic reduction in low-value-added Wheel Assembly business improved margins and profitability.

• Maintained strong relationships with major OEMs, expanded technical collaborations and joint ventures, including the incorporation of ASK GTD Control Cables Private Limited for sunroof and helix cables in September 2025.

• Positive industry outlook driven by GST 2.0 reforms, strong festive demand, and supportive macroeconomic policies.

Financial highlights

• Q2 FY 2026 consolidated revenue rose 8.5% YoY to ₹1,059 crore; excluding Wheel Assembly, revenue grew 16.6%.

• EBITDA increased 19.5% YoY to ₹142 crore, with margins at 13.4% (up 124 bps YoY); PAT grew 18.6% YoY to ₹80 crore; EPS at ₹4.05, up 18.6% YoY.

• H1 FY 2026 consolidated revenue up 6.1% YoY to ₹1,954 crore; EBITDA up 19.4% YoY to ₹265 crore; PAT up 17.5% YoY to ₹146 crore; EPS at ₹7.40, up 17.5% YoY.

• Gross margin for Q2 FY 2026 was approximately 33%; net profit margin at 6.3%.

• Basic and diluted EPS for Q2 FY 2026 were ₹4.05, compared to ₹3.35 in the previous quarter.

Outlook and guidance

• Maintains mid-teens revenue growth guidance, with additional upside from aluminum price increases.

• Focus on strengthening EV sector presence, diversifying product offerings, and expanding export and IAM channels.

• Continued investment in R&D and new product pipelines to drive future growth.

• Cautiously optimistic on export recovery in Q4 FY 2026 if rare earths/magnets supply normalizes.

• New products expected to launch in the next financial year.