ASK Automotive Ltd

Management reported a strong start to FY27 for ASK Automotive Limited, highlighting robust domestic demand and the positive impact of government reforms on the automobile sector. The company achieved its highest-ever quarterly revenue, EBITDA, and PAT, with consolidated revenue growth of 52.1%. Management noted that the two-wheeler segment, crucial for the company, saw a production increase of 22.8% year-on-year. Despite challenges from rising aluminum alloy prices, management expressed optimism about maintaining growth momentum. The company also reported successful operationalization of its solar power plant and plans for a new plant in South India due to increased orders. Management indicated that EBITDA margins may improve as aluminum prices stabilize. The earnings per share rose to Rs. 4.32, reflecting a 28.8% year-on-year growth. Overall, management emphasized a commitment to sustainable growth and enhancing shareholder value.

Management emphasized strong performance and growth opportunities.