ASK Automotive (ASKAUTOLTD) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly and nine-month revenue, EBITDA, and PAT in Q3 FY26, 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 ICE and EV segments, supported by a diversified and innovative product portfolio.

• Board approved standalone and consolidated unaudited financial results for Q3 and 9M FY26; re-appointment of four independent directors for second three-year terms.

Financial highlights

• Q3 FY26 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; EPS at ₹4.05, up from ₹3.34 YoY.

• 9M FY26 consolidated revenue increased 10.2% YoY to ₹3,042 crore; EBITDA up 21.9% YoY to ₹411 crore; PAT up 18.8% YoY to ₹226 crore; EPS at ₹11.45.

• EBITDA margin improved to 13.4% in Q3 FY26 (up 88 bps YoY) and 13.5% in 9M FY26 (up 130 bps YoY).

• Export revenue at INR 100 crore in Q3 FY26, compared to INR 108 crore last year, impacted by global tariff issues.

• Standalone revenue from operations for Q3 FY26 was ₹860.00 crore, up from ₹813.63 crore in Q3 FY25; standalone net profit at ₹60.78 crore.

Outlook and guidance

• Strong projections from OEMs and aftermarket for Q4 FY26; bullish outlook for FY27, expecting mid-teen growth.

• CapEx for FY26 to close at INR 500 crore, including solar plant investment; FY27 CapEx expected at INR 400 crore.

• EBITDA margin guidance maintained around 13.4%-13.7%, with aluminum price increases impacting margin percentage but not absolute EBITDA.

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

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