ASK Automotive reported a 27.5% year-on-year (YoY) increase in consolidated net profit to ₹102 crore for the second quarter of FY27, compared with ₹80 crore in the corresponding quarter last year.
Revenue rose 47.5% YoY to ₹1,555 crore from ₹1,054 crore in the year-ago period, while EBITDA increased 30.7% to ₹179 crore, compared with ₹137 crore a year earlier.
However, EBITDA margin contracted to 12% from 13% in the corresponding quarter last year.
Earnings per share (EPS) increased 27.3% YoY to ₹5.15 in Q2 FY27, compared with ₹4.05 in the same period last year.
Two-wheeler industry outperformance continues
ASK Automotive said it continued to outperform the growth in vehicle production in the two-wheeler (2W) industry.
Commenting on the results, Kuldip Singh Rathee, Chairman and Managing Director of ASK Automotive, said the company delivered a strong performance in the second quarter in terms of both revenue and profitability. He described it as the company’s 12th consecutive quarter of robust performance since its listing.
Alloy price pass-through weighs on margins
The company attributed the year-on-year decline in EBITDA margin percentage to the pass-through of alloy prices.
It added that volatility in alloy prices could affect margin percentages due to the denominator effect.
Aluminium prices hold key to margin recovery
ASK Automotive expects its EBITDA margins to improve, supported by expectations of benign aluminium prices in the coming quarters.
The company said it aims to sustain its growth trajectory while maintaining a clear focus on the bottom line and enhancing shareholder value.
Shares of ASK Automotive ended 0.9% higher at ₹592.95 on the NSE. The stock has declined 3.8% over the past month but has gained 24.4% so far this year.