Delivered Robust Performance in Financial Year 2025-26
Q4 FY26
Consolidated Revenue growth up + 35.3%
Passthrough Impact of Significant increase in
Alloy Prices on revenue + 8.0%
Wheel Assembly strategic reduction impact (-) 2.7%
Overall Net Revenue Growth up +30.0%
EBITDA up +31.1% and PAT up +24.2% YOY
Delhi, May 19, 2026: ASK Automotive Limited, India’s largest brake shoe and Advanced Braking Systems manufacturer for two-wheelers in India, today announced its financial results for the fourth quarter and full year ended 31st March 2026.
Consolidated Financial Highlights (Figures in ₹Crores):
| Particulars | Q4 FY26 | Q4 FY25 | Y-o-Y | Q3 FY26 | Q-o-Q | FY26 | FY25 | Y-o-Y |
| Total income | 1154 | 853 | 35.3% | 1089 | 6.0% | 4196 | 3613 | 16.2% |
| EBITDA | 140 | 107 | 31.1% | 146 | -3.8% | 551 | 444 | 24.1% |
| Margin (%) | 12.1% | 12.5% | -39 bps | 13.4% | -123 bps | 13.1% | 12.3% | 84 bps |
| PAT | 72 | 58 | 24.2% | 80 | -10.5% | 297 | 248 | 20.1% |
| Margin (%) | 6.2% | 6.8% | -56 bps | 7.3% | -114 bps | 7.1% | 6.9% | 23 bps |
| EPS | 3.63 | 2.92 | 24.2% | 4.05 | -10.5% | 15.08 | 12.56 | 20.1% |
Financial Highlights Q4 FY26:
· Strong performance in Q4 FY26:
- Consolidated Revenue Growth up + 35.3% reaching Rs. 1154 Cr.
- Passthrough impact of Significant increase in Alloy Prices on revenue + 8.0%
- Wheel Assembly strategic reduction impact (-) 2.7%
- Overall Net Revenue Growth up +30.0%
· The Advanced Braking Systems business vertical revenue grew by +32%, Aluminium Light Weighting Precision Solutions revenue by +47% and Safety Control Cables revenue by +26% on YoY basis. Revenue from exports were at Rs. 41 Crore against Rs. 39 Crore last year in same period.
· Achieved EBITDA of Rs. 140 Cr. with 31.1% YOY growth
· EBITDA Margin at 12.1%. However, EBITDA percentage was impacted due to Passthrough Alloy Prices. But for this impact EBITDA percentage would have been higher by 80 bps.
· Achieved PAT of Rs. 72 Crore with +24.2% YoY growth.
· EPS increased to Rs. 3.63 against Rs. 2.92 in last year in same period; up +24.2% YoY.
Financial Highlights FY26:
· Strong performance in FY26:
- Consolidated Revenue Growth up + 16.2% reaching Rs. 4196 Cr.
- Passthrough impact of Significant increase in Alloy Prices on revenue + 3.1%
- Wheel Assembly strategic reduction impact (-) 7%
- Overall Net Revenue Growth up +20.1%
· The Advanced Braking Systems business vertical revenue grew by +17%, Aluminium Light Weighting Precision Solutions revenue by +30% and Safety Control Cables revenue by +14% on YoY basis. Revenue from exports were at Rs. 141 Crore against Rs. 147 Crore last year in same period.
· Achieved EBITDA of Rs. 551 Crore, with +24.1% YoY growth.
· EBITDA Margin at 13.1%. However, EBITDA percentage was impacted due to Passthrough Alloy Prices. But for this impact EBITDA percentage would have been higher by 40 bps.
· Achieved PAT of Rs. 297 Crore, with +20.1% YoY growth.
· EPS increased to Rs. 15.08 against Rs. 12.56 in last year in same period; up +20.1% YoY.
· Improvement in margins is mainly driven by better economies of scale due to higher volumes, benefit from increasing capacity utilisation at Karoli and new Bangalore facility and strategic reduction in low value-added Wheel Assembly business.
Commenting on the results, Mr. Kuldip Singh Rathee, Chairman and Managing Director said:
“I am delighted to share with you that we had a strong performance in the fourth quarter and full year in both revenue and profitability. This is the tenth consecutive quarter of robust performance by us since listing of the Company.
Summary of Q4 FY26 results is as under:
· We delivered strong performance in business and recorded consolidated revenue growth of +35.3% (Excluding passthrough impact of significant increase in Alloy prices on revenue i.e. 8.0% and Wheel Assembly business strategic reduction i.e. (-) 2.7%), overall Net Revenue has grown by +30.0% on year-on-year basis.
· We continue to outperform the 2W industry vehicle production growth in both Q4 FY26 and full year FY26.
· Achieved EBITDA of Rs. 140 Cr. with 31.1% YOY growth
· EBITDA Margin at 12.1%. However, EBITDA percentage was impacted due to Passthrough Alloy Prices. But for this impact EBITDA percentage would have been higher by 80 bps.
· Achieved PAT of Rs. 72 Crore with +24.2% YoY growth.
· EPS increased to Rs. 3.63 against Rs. 2.92 in last year in same period; up +24.2% YoY.
Summary of FY26 results is as under:
· We delivered consolidated revenue growth of +16.2% (Excluding passthrough impact of significant increase in Alloy prices on revenue i.e. 3.1% and impact of Wheel Assembly business strategic reduction i.e. (-) 7.0%) overall Net Revenue has grown by +20.1% on year-on-year basis.
· Achieved EBITDA of Rs. 551 Crore, with +24.1% YoY growth.
· EBITDA Margin at 13.1%. However, EBITDA percentage was impacted due to Passthrough Alloy Prices. But for this impact EBITDA percentage would have been higher by 40 bps.
· This reflects the result of our continued focus on expanding value-added businesses, improving utilization of production capacities and bringing cost efficiencies. Our aim is to sustain current level of EBITDA margins and continue our efforts to improve gradually in the subsequent quarters depending upon the growth of the 2W Industry and geo-political environment. However, volatility in alloy prices may impact the margin percentage due to denominator effect.
· With strong performance, our Earning per share (EPS) has increased to Rs. 15.08 per share against Rs. 12.56 per share in last year same period.
Our mega manufacturing facility at Karoli is ramping up fast and new Bangalore facility is nearing its optimum utilisation. The improved economies of scale and operational efficiencies are benefitting us in delivering better performance.
Our second captive solar plant in Rajasthan is expected to be operationalised in Q2 FY27. This shows our ongoing commitment towards sustainable renewable energy initiative.
As we go forward, we are hopeful of maintaining trend of outperforming the industry growth in the subsequent year. We anticipate the growth momentum in two-wheeler sector to continue for the upcoming year.
We are committed to keep contributing towards the value creation for our Stakeholders and Investors.”
About ASK Automotive Ltd
ASK Automotive Limited is the largest manufacturer of brake shoes and advanced braking systems for two- wheelers in India with ~50% market share in OEMs. The company has three decades of track record in supplying critical safety systems and complex precision solutions. The Company offers powertrain-agnostic products in both automotive and non-automotive segments with a focus on EV and Exports. The company has diversified its operations and offers products under Advanced Braking Systems, Aluminium Light weighting precision solutions, and Safety Control Cables business segments. The company has state-of-the- art strategically located manufacturing facilities in close proximity to the customers in India and is backed by Strong In-house R&D, Engineering and Design Centre. The company have long-standing customer relationships with both Indian and Global OEM Players.
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