ASK Automotive (ASKAUTOLTD) Q3 25/26 earnings summary

Executive summary

• Achieved record revenue, EBITDA, and PAT in Q3 and nine-month FY 2026, outpacing industry trends and marking nine consecutive quarters of robust performance since listing.

• Strategic reduction in low-margin Wheel Assembly business improved overall margins and profitability.

• Maintained strong relationships with major OEMs in both ICE and EV segments, supported by a diversified and innovative product portfolio.

• Board approved standalone and consolidated unaudited financial results for Q3 and nine months ended 31 December 2025.

• Re-appointment of four independent directors for second three-year terms, subject to shareholder approval.

Financial highlights

• Q3 FY 2026 consolidated revenue rose 18.5% YoY to ₹1,089 crore; EBITDA up 26.8% YoY to ₹146 crore; PAT up 21.3% YoY to ₹80 crore.

• Q3 FY 2026 EPS increased to ₹4.05 from ₹3.34 YoY; nine-month EPS at ₹11.45, up from ₹9.64 YoY.

• Nine-month FY 2026 consolidated revenue up 10.2% YoY to ₹3,042 crore; EBITDA up 21.9% YoY to ₹411 crore; PAT up 18.8% YoY to ₹226 crore.

• Standalone revenue from operations for Q3 FY26 was ₹860.00 crore, up from ₹813.63 crore in Q3 FY25.

• Standalone net profit for Q3 FY26 was ₹60.78 crore, compared to ₹54.14 crore in Q3 FY25.

Outlook and guidance

• Strong projections from OEMs and aftermarket for Q4 and FY 2027, with bullish sentiment on continued two-wheeler sector growth.

• Guidance to maintain mid-teen revenue growth and EBITDA margin around 13.4%-13.7%, with margin affected by aluminum price denominator effect.

• CapEx for FY 2026 to close at INR 500 crore, with FY 2027 CapEx expected to be within INR 400 crore.

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

• Management expects no material impact from the new Indian Labour Codes, with ongoing evaluation of potential effects.