ASK Automotive (ASKAUTOLTD) Q4 24/25 earnings summary

Executive summary

• Achieved strong revenue and profit growth in FY 2025, with revenue up 20.2% and PAT up 42.5% year-over-year, marking six consecutive quarters of robust performance since listing.

• Outperformed the two-wheeler industry in vehicle production growth and maintained market leadership in advanced braking systems.

• Expanded manufacturing footprint with the 18th facility in Karnataka and strategic partnerships for new product lines.

• Board approved audited standalone and consolidated financial results for FY 2025, with unmodified audit opinions from statutory auditors.

Financial highlights

• FY 2025 consolidated revenue reached ₹3,613 crore, up 20.2% year-over-year; EBITDA rose 42.7% to ₹444 crore; PAT up 42.5% to ₹248 crore; EPS at ₹12.60.

• Q4 FY 2025 revenue grew 8.5% year-over-year to ₹853 crore; EBITDA up 24.7% to ₹107 crore; PAT up 20.6% to ₹58 crore.

• EBITDA margin improved to 12.5% in Q4 and 12.3% for FY 2025, up 193 basis points year-on-year.

• Board recommended a 75% dividend (₹1.50 per share on ₹2 face value) for FY 2025, subject to shareholder approval.

• ROACE reached 27.7% and ROAE 26.5% in FY 2025, both at record highs.

Outlook and guidance

• Expects to grow in the mid-teens and outperform the industry in FY 2026, with confirmed orders supporting this outlook.

• Targeting 14% EBITDA margin in FY 2026, with 80 basis points improvement from exiting low-margin wheel assembly business and 70 basis points from internal efficiencies.

• Focus on strengthening EV sector presence, diversifying product offerings, and expanding into passenger and commercial vehicle segments.

• Continued ramp-up of new manufacturing facilities and product launches expected to drive future growth.

• Anticipates two-wheeler industry growth of 6%-8% in 2026, with optimism for export recovery.