ASK Automotive Revises FY27 Revenue Forecast Upwards

ASK Automotive has raised its revenue growth forecast for the 2026-27 financial year to the high-teens from an earlier expectation of mid-teen growth, encouraged by a strong first quarter, fresh order wins and a positive demand outlook, according to senior executives of the company.

"We are confident that we will continue to grow not only in mid-teens but I am confident that will be now growing for the full year in high teens," Ask Automotive's management told investor after announcing the company’s first quarter earnings.

ASK Automotive manufactures advanced braking systems, aluminium lightweight precision solutions and safety control cables for two-wheelers and other vehicle segments. In the financial year 2025-26, it reported consolidated revenue of Rs 4,196 crore.

The revised outlook comes after the auto components maker reported its highest-ever quarterly revenue, EBITDA and profit after tax in the April-June quarter, while continuing to outpace growth in the domestic two-wheeler production indistry.

In the first quater, the company saw its consolidated net revenue rise 25.3% year on year to Rs 1,062 crore, while EBITDA increased 32.7% to Rs 164 crore and profit after tax climbed 28.8% to Rs 85 crore. 

ASK Automotive attributed its optimism for a stronger full year growth to a healthy order pipeline and improving market conditions.

"We expect a high teens growth you know. So I have revised my forecast so you can see that even this quarter is going very well and we expect this momentum to continue in the whole of the financial year," the management said. 

It added that the broader industry environment remained supportive.

"The industry is growing and I think the way economy is growing at about 6.7% I believe lot of money is percolating down the line and after this GST reduction from 28 to 18% I think because the prices have become rather reasonable and customers are buying the product especially two wheeler you know there is a lot of tailwinds," the management said. 

Reflecting the stronger demand outlook, ASK Automotive also said it may increase its capital expenditure for the year.

"We had given a guidance of about around 450 to 500 crores but the way we are going and the way we are receiving the orders because as I today revised the guidance to high teens you know I think our capex may go to something like 700," the management said.

The higher investment will partly support a new manufacturing facility in southern India after the company secured additional business. Management said the Bengaluru plant is expected to be operational before the end of the financial year.