ASK Automotive Limited has reported a solid financial performance for the first quarter of FY26 achieving consolidated revenue of INR 895 crore, up 3.5% year-on-year. The company’s performance was driven by consistent demand in its core product lines and operational efficiencies, despite a strategic reduction in its low-value Wheel Assembly business which dropped by 53.5% during the quarter.
Excluding the Wheel Assembly business, revenue growth stood at 11.1% reflecting a steady performance across verticals. The Advanced Braking Systems business reported 4% growth, Aluminium Lightweight Precision Solutions rose 15%, and Safety Control Cables grew 6% compared to the same period last year. Export revenue remained stable at INR 33 crore. ASK Automotive also delivered its highest-ever quarterly EBITDA at INR 123 crore, marking a 19.3% increase, with margins improving 183 basis points to 13.8%.
The company reported a profit after tax (PAT) of INR 66 crore, up 16.3% year-on-year, with earnings per share rising from INR 2.88 to INR 3.35. Management attributed the improvement in profitability to higher production volumes, better utilisation at its Karoli facility, ramp-up of the new Bangalore facility, and ongoing cost optimisation initiatives. Chairman and Managing Director Kuldip Singh Rathee said the business has now posted seven consecutive quarters of robust performance since its listing and is outperforming two-wheeler industry production growth.
The decision to reduce exposure to the lower-margin Wheel Assembly business appears to be paying off, allowing the company to focus on higher-value product categories and improve its margin profile. This strategy, combined with economies of scale from expanded facilities, positions ASK Automotive to sustain its current profitability levels. Rathee added that the company will aim to maintain or gradually improve EBITDA margins in the coming quarters, depending on overall two-wheeler industry growth.
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