ASK Automotive (ASKAUTOLTD) Q3 24/25 earnings summary

Executive summary

• Achieved record EBITDA margin in Q3 FY25, with strong revenue and profit growth for both Q3 and nine months FY25, marking the fifth consecutive quarter of robust performance since listing.

• Revenue growth outpaced the two-wheeler industry, maintaining market leadership in key segments.

• Long-term credit rating upgraded by Crisil from AA- to AA.

• Board approved consolidated and standalone unaudited financial results for Q3 and nine months ended December 31, 2024.

• Statutory auditors conducted a limited review and found no material misstatements.

Financial highlights

• Q3 FY25 consolidated revenue was ₹919 crore (+21% YoY); nine months revenue was ₹2,760 crore (+25% YoY).

• Q3 EBITDA rose 41% YoY to ₹115 crore; nine months EBITDA up 50% YoY to ₹337 crore.

• Q3 PAT increased 32% YoY to ₹66 crore; nine months PAT up 51% YoY to ₹190 crore.

• Highest-ever EBITDA margin of 12.5% in Q3 FY25, up 180 bps YoY; nine months EBITDA margin at 12.2%, up 205 bps YoY.

• EPS for nine months FY25 at ₹9.64, up from ₹6.39 YoY.

Outlook and guidance

• Focus on strengthening EV sector position, diversifying product offerings, and expanding into PV and CV segments.

• Aims to sustain and gradually improve EBITDA margins, contingent on two-wheeler industry growth.

• Expects continued positive momentum in the two-wheeler sector, supported by government infrastructure spending.

• Confident of maintaining trend of outperforming industry growth in coming quarters.

• Continued ramp-up of Karoli facility and new product launches expected to drive future growth.