ASK Automotive (ASKAUTOLTD) Q4 25/26 earnings summary

Executive summary

• Achieved strong revenue, EBITDA, and PAT growth in Q4 and FY 2026, marking the 10th consecutive quarter of robust performance since listing and outperforming industry benchmarks.

• Maintained market leadership in Advanced Braking Systems with ~50% share and expanded value-added businesses.

• Diversified product portfolio across advanced braking, aluminum lightweighting, and safety control cables, with robust OEM relationships in ICE and EV sectors and expanding export presence.

• Board approved audited standalone and consolidated financial results for FY 2025-26, with unmodified audit opinions from statutory auditors.

• Final dividend of INR 1.85 per share recommended for FY 2025-26, subject to AGM approval.

Financial highlights

• Q4 FY 2026 consolidated revenue grew 35.3% year-over-year to INR 1,154 crore; net revenue up 30% after adjustments.

• Q4 EBITDA reached INR 140 crore, up 31.1% year-over-year, with EBITDA margin at 12.1%.

• Q4 PAT was INR 72 crore, up 24.2% year-over-year; EPS rose to INR 3.63 from INR 2.92.

• FY 2026 consolidated revenue grew 16.2% year-over-year to INR 4,196 crore; net revenue up 20.1% after adjustments.

• FY 2026 EBITDA was INR 551 crore, up 24.1% year-over-year; PAT up 20.1% to INR 297 crore; EPS increased to INR 15.08 from INR 12.56.

Outlook and guidance

• Expecting mid-teens revenue growth in FY 2027, supported by new product launches, joint ventures, and expansion in EV, PV, and CV segments.

• Confident of maintaining EBITDA margins at FY 2026 levels, barring further volatility in aluminum prices.

• Export revenue expected to grow 20% in FY 2027, contingent on geopolitical stability; plans to expand export markets and IAM channel.

• CapEx planned at INR 400 crore for FY 2027, mainly for new plant capacities.

• No material impact expected from new Indian Labour Codes based on current assessment.