ASK Automotive (ASKAUTOLTD) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 delivered record quarterly revenue, EBITDA, and PAT, marking the 11th consecutive quarter of strong performance since listing.

• Growth was driven by robust domestic demand, resilient private consumption, and capacity utilization at new facilities.

• Strategic exit from low-margin wheel assembly business improved profitability.

• Board approved unaudited standalone and consolidated financial results for Q1 FY27, with statutory auditors providing an unmodified review conclusion.

• Ernst & Young LLP appointed as internal auditors for FY 2026-27.

Financial highlights

• Consolidated revenue rose 52.1% year-over-year to ₹1,358.11 crore; net revenue up 25.3% after adjusting for alloy price passthroughs and wheel assembly.

• EBITDA reached ₹163.6 crore, up 32.7% year-over-year, with an EBITDA margin of 12%.

• PAT was ₹85.12 crore, a 28.8% year-over-year increase; PAT margin at 6.3%.

• EPS rose to ₹4.32 from ₹3.35 in the same period last year.

• Export revenue was ₹39 crore, up from ₹33 crore year-over-year.

Outlook and guidance

• Management revised full-year growth guidance to high teens, citing strong order visibility and industry momentum.

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

• Continued emphasis on R&D, export growth, and expanding independent aftermarket channels.

• EBITDA margins are expected to improve as aluminum prices stabilize.

• Export growth guidance set at 20% for FY 2027.