ASK Automotive Q1 Profit Rises 29% to ₹85 Crore, Rrevenue up 52%

ASK Automotive Ltd. reported a 28.8% year-on-year increase in consolidated net profit to ₹85 crore for the quarter ended June 30, 2026, while total income rose 52.1% to ₹1,361 crore from ₹895 crore a year earlier. EBITDA increased 32.7% to ₹164 crore, although the EBITDA margin narrowed to 12.0% from 13.8% in the corresponding quarter last year.

The company said revenue growth during the quarter was partly driven by higher alloy prices, which had a pass-through impact on reported revenue. Excluding this effect, along with the impact of a strategic reduction in its wheel assembly business, overall net revenue grew 25.3% year on year.

ASK Automotive's earnings per share increased to ₹4.32 from ₹3.35 in the year-ago quarter, in line with the rise in net profit.

During the quarter, the company's Advanced Braking Systems business recorded revenue growth of 48% year on year, while Aluminium Lightweight Precision Solutions grew 75% and Safety Control Cables increased 20%. Export revenue rose to ₹39 crore from ₹33 crore in the corresponding period last year.

The company said higher alloy prices affected profitability margins during the quarter despite growth in earnings. EBITDA margin declined by 176 basis points to 12.0%, while net profit margin fell to 6.3% from 7.4% a year earlier.

Chairman and Managing Director Kuldip Singh Rathee said the company continued to grow faster than the two-wheeler industry and attributed the performance to expansion in value-added businesses, improved capacity utilisation and cost efficiencies. He added that the company expects EBITDA margins to improve if aluminium prices remain stable in the coming quarters.

On the operational front, ASK Automotive said technical collaboration with Kyushu Yanagawa of Japan has been implemented at its Karoli plant, from where supplies of high-pressure die-cast alloy wheels have commenced to a Japanese customer. The company said its Karoli manufacturing facility is ramping up production, while its Bengaluru facility is operating at optimum utilisation.

The company also said its second captive solar power plant in Rajasthan is expected to become operational during the second quarter of FY27 as part of its renewable energy initiatives.

Looking ahead, ASK Automotive said it expects the growth momentum in the two-wheeler industry to continue during the year and aims to maintain growth above industry levels while focusing on profitability.

ASK Automotive is India's largest manufacturer of brake shoes and advanced braking systems for two-wheelers, with an estimated 50% share of the OEM market. The company also operates in aluminium lightweight precision solutions and safety control cables, serving both automotive and non-automotive segments with an increasing focus on electric vehicles and exports.