ASK Automotive Limited announced robust financial results for the second quarter and first half of FY27. The company achieved a net revenue growth of 29.5% year-on-year in Q2 FY27, reaching INR185 crore, driven by strong performance across its product segments. Consolidated revenue grew by 47.5%. For the first half of FY27, net revenue increased by 27.6% to INR348 crore, with PAT growing 28% to INR187 crore.
ASK Automotive Announces Strong Q2 and H1 FY27 Financials
ASK Automotive Limited has reported a strong financial performance for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27). This marks the 12th consecutive quarter of robust performance for the company since its listing, with the company achieving its highest-ever quarterly revenue, EBITDA, and PAT.
Q2 FY27 Performance Highlights
In Q2 FY27, ASK Automotive delivered a consolidated revenue growth of 47.5%. Excluding the impact of pass-through alloy prices and strategic reductions in the wheel assembly business, the net revenue saw a growth of 29.5% year-on-year, amounting to INR185 crore. The company achieved EBITDA of INR185 crore, marking a 30% year-on-year increase, with an EBITDA margin of 11.8%. Profit After Tax (PAT) stood at INR102 crore, a 27.3% increase year-on-year. Earnings per share (EPS) rose to INR5.15 from INR4.05 in the same period last year.
Key product segments demonstrated strong revenue growth:
- Advanced braking system: 46% year-on-year growth.
- Aluminium lightweighting precision solutions: 69% growth.
- Safety control cables: 33% growth.
Export revenue also saw significant growth, rising by 133.3% year-on-year to INR70 crore.
H1 FY27 Performance Highlights
For the first half of FY27, ASK Automotive recorded a consolidated revenue growth of 49.6%. Excluding the pass-through impact of alloy prices and strategic reductions, the net revenue grew by 27.6% year-on-year. EBITDA reached INR348 crore, an increase of 31.3% year-on-year, with an EBITDA margin of 11.9%. PAT grew by 28% to INR187 crore, with EPS increasing to INR9.47 from INR7.40.
Segment-wise revenue growth in H1 FY27 was:
- Advanced braking system: 47% year-on-year.
- Aluminium lightweighting precision solutions: 72% growth.
- Safety control cables: 27% growth.
Export revenues increased by 74% year-on-year to INR109 crore.
Industry and Business Updates
The company highlighted the resilient Indian economy with GDP growth of 7.8% in the first quarter of FY27. The Indian automobile sector experienced its highest-ever second-quarter domestic sales. Overall vehicle production grew by 20.3% in H1 FY27, with the two-wheeler segment showing a 19.5% increase in domestic production.
Key business updates include the commencement of regular supply of high-pressure die-casted HPDC alloy wheels to a leading Japanese customer and the operationalization of a second captive solar plant. The company expressed confidence in achieving high teens growth in FY27, despite a higher base post-GST 2.0.
Outlook and Strategy
ASK Automotive aims to continue its growth path sustainably, focusing on the bottom line to enhance shareholder value. The company is investing in expanding capacities and expects continued growth across its segments, with a particular focus on the EV transition.
Source: BSE
