While most auto firms were busy praying to the gods of demand this Navratri, ASK Automotive seems to have actually received divine blessings — with revenue, EBITDA, and optimism all hitting new highs. Maybe that 9.9 MW solar plant in Sirsa is doubling as a shrine. As the Quran reminds us, “Indeed, Allah loves those who work with excellence.” Well, ASK’s Q2 performance might just make Him proud. Stick around — because as we decode the “mid-teens growth” mantra, it gets even juicier (and shinier, thanks to all that aluminum).
2. At a Glance
Revenue up 8.5% YoY: Even after trimming the wheel assembly fat, topline still flexed.
EBITDA up 19.5%: Margins polished brighter than chrome.
PAT up 18.6%: Profit rode pillion on operating efficiency.
EBITDA Margin at 13.4%: Aluminum prices tried their best, but ASK braked in time.
Exports down 15%: Rare-earth tantrums spoiled the overseas party.
EPS at ₹4.05: Shareholders finally stopped asking “Where’s the torque?”
3. Management’s Key Commentary
“GST 2.0 reforms are a milestone for the auto industry.” (Translation: The taxman finally did something nice for once.)
“We achieved our highest ever revenue, EBITDA, and PAT.” (Translation: The Excel sheet nearly crashed from excitement.)
“Aluminum price hike affected our margin by 30 bps.” (Translation: Our profits are light, but not lightweight. 😏)
“We remain optimistic about mid-teen growth.” (Translation: We’ll keep saying mid-teens until it actually becomes twenties.)
“The solar plant at Sirsa is operational; another 11.55 MW one coming in Rajasthan.” (Translation: We now make profits and power.)
“Alloy wheel production to start by Q1FY27.” (Translation: Coming soon to a Japanese OEM near you — shiny circles of margin.)
“Capex of ₹450 crore this year, mostly for growth.” (Translation: Cash is metal, and we’re casting it into machines.)
