ALFA Finder| Revenue growth | Net revenue +29.5% Q2 ex-alloy; headline consolidated +47.5%. |
|---|---|
| Margins | IBITDA margin 11.8% Q2 vs 11.9% H1; aluminium pass-through diluting percentage. |
| Order book | Japanese alloy wheel orders ₹240 Cr next year; Indian OEM pending testing. |
| Demand visibility | Management expects festive-season support; analysts flag H2 slowdown on GST base. |
| Management confidence | Over-optimistic; defends margins, deflects to absolute EBITDA growth. |
Growth
Net revenue +29.5% ex-alloy pass-through; IBITDA ₹185 Cr, +30%; exports ₹70 Cr vs ₹30 Cr. Partly price-led by aluminium.
Outlook
Alloy wheel orders ₹80 Cr FY27, ₹240 Cr FY28; capex ₹700 Cr FY27, ₹500 Cr FY28; exports target ₹180 Cr.
Risks
Aluminium volatility dilutes margins; Honda ~35% of revenue; Ola weakness; H2 slowdown on post-GST base; Haryana wage hikes.
Last quarter's promises, checked
Delivered
- High-teens growth → Q2 net rev ex-alloy +29.5% (= BEAT)
- Exports +20% → Q2 ₹70 Cr vs ₹30 Cr (= BEAT)
- Plant live before March → 20th plant ~Jan (= BEAT)
Partly delivered
- FY28 alloy orders ₹250 Cr → ₹240 Cr (= PARTIAL)
- Capex ₹450–500 Cr → ₹700 Cr, spend unreported (= PARTIAL)
- D/E ≤0.5 → ~0.5, absolute debt undisclosed (= PARTIAL)
Missed
- IBITDA margin 13.5–14% → 11.8% (= MISS)
- Margin up as aluminium eases → 11.8% vs 12.0% Q1 (= MISS)
Earnings Call Transcript filed with NSE, NSE: ASKAUTOLTD. Summary written with AI assistance from the document.
ASK Automotive Ltd: key numbers
- Share price
- ₹647.60
- Market cap
- ₹12,767 Cr
- Revenue (annual)
- ₹4,176 Cr
- Net profit (annual)
- ₹297.3 Cr
- P/E (TTM)
- 37.8×Sector 32.5×
- Promoter holding
- 74.95%+0.00% QoQ
- FII holding
- 9.91%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ASK Automotive Ltd
All →ASK Automotive Investor Presentation: Key Takeaways
Q2 FY27 consolidated total income Rs 1561 Cr (+47.5%), PAT Rs 102 Cr (+27.3%), EBITDA margin 11.8% diluted by alloy pass-through. HPDC alloy wheel supply started.
ASK Automotive Results Update
ASK Automotive reported record Q2 FY27 revenue, EBITDA and PAT, with revenue up 47.5%. Results cover the quarter and half year ended September 30, 2026.
- captive solar capacity
- 11.55 MW
ASK Automotive Q2 FY27 Results: Net Profit ₹101.6 Cr, Up 27.3% YoY
ASK Automotive Ltd reported revenue from operations of ₹1,555 Cr (+47.6% YoY) and net profit of ₹101.6 Cr (+27.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹101.6 Cr · +27.3% YoY
ASK Automotive Board Meeting Date
ASK Automotive Limited will hold a board meeting on November 03, 2026. The board will consider and approve unaudited financial results for the quarter ended September 30, 2026.
ASK Automotive Management Change
ASK Automotive appointed Mr. Krishan Swaroop Malik as President – ALPS Division and Senior Management Personnel effective October 12, 2026. He brings 35 years of automotive industry experience.
ASK Automotive Other Announcement
The company submitted its quarterly shareholding pattern under Regulation 31(1)(b) for the period ended September 30, 2026.