ASK Automotive Limited, India’s largest brake shoe and Advanced Braking Systems manufacturer for two-wheelers in India, announced its financial results for the first quarter ended 30 June 2026.

Consolidated total income stood at Rs 13.61 billion in Q1 FY27, compared with Rs 8.95 billion in Q1 FY26, registering 52.1 per cent YoY growth. Total income increased 18.0 per cent sequentially from Rs 11.54 billion in Q4 FY26. For 3M FY27, total income was Rs 13.61 billion, against Rs 8.95 billion in 3M FY26, up 52.1 per cent YoY.

EBITDA increased 32.7 per cent YoY to Rs 1.64 billion, from Rs 1.23 billion in Q1 FY26. Sequentially, EBITDA rose 16.8 per cent from Rs 1.40 billion in Q4 FY26. EBITDA for 3M FY27 was Rs 1.64 billion, compared with Rs 1.23 billion in 3M FY26, representing 32.7 per cent YoY growth.

EBITDA margin stood at 12.0 per cent, compared with 13.8 per cent in Q1 FY26, a decline of 176 basis points. It was 12.1 per cent in Q4 FY26, representing a sequential decline of 12 basis points. For 3M FY27, the EBITDA margin was 12.0 per cent, against 13.8 per cent in 3M FY26, down 176 basis points.

Profit after tax increased 28.8 per cent YoY to Rs 850 million, compared with Rs 660 million in Q1 FY26. PAT rose 19.0 per cent sequentially from Rs 720 million in Q4 FY26. For 3M FY27, PAT stood at Rs 850 million, against Rs 660 million in 3M FY26, up 28.8 per cent YoY.

PAT margin stood at 6.3 per cent, compared with 7.4 per cent in Q1 FY26, a decline of 113 basis points. It improved by 5 basis points sequentially from 6.2 per cent in Q4 FY26. The PAT margin for 3M FY27 was 6.3 per cent, against 7.4 per cent in 3M FY26, down 113 basis points.

Earnings per share increased 28.8 per cent YoY to Rs 4.32, from Rs 3.35 in Q1 FY26. EPS rose 19.0 per cent sequentially from Rs 3.63 in Q4 FY26. For 3M FY27, EPS stood at Rs 4.32, compared with Rs 3.35 in 3M FY26, up 28.8 per cent YoY.

The company reported 52.1 per cent growth in consolidated revenue to Rs 13.61 billion during Q1 FY27. Revenue included a 33.4 per cent passthrough impact from the significant increase in alloy prices, while the strategic reduction in the Wheel Assembly business had a negative impact of 6.6 per cent. Overall net revenue grew 25.3 per cent YoY.

Revenue from the Advanced Braking Systems business vertical grew 48 per cent YoY, while Aluminium Light Weighting Precision Solutions recorded 75 per cent growth and Safety Control Cables grew 20 per cent.

Export revenue stood at Rs 390 million, compared with Rs 330 million in the corresponding period last year.

The company achieved EBITDA of Rs 1.64 billion, up 32.7 per cent YoY, with an EBITDA margin of 12.0 per cent. The EBITDA percentage was impacted by the abrupt and significant increase in alloy prices.

PAT increased 28.8 per cent YoY to Rs 850 million, while EPS rose 28.8 per cent to Rs 4.32, from Rs 3.35 in the corresponding period last year.

Commenting on the results, Kuldip Singh Rathee, Chairman and Managing Director, ASK Automotive Limited, said the company delivered a strong first-quarter performance in both revenue and profitability, marking its eleventh consecutive quarter of robust performance since listing.

The company achieved its highest-ever quarterly revenue, EBITDA and PAT during Q1 FY27.

Rathee said consolidated revenue grew 52.1 per cent, while excluding the 33.4 per cent passthrough impact from the significant increase in alloy prices and the 6.6 per cent negative impact from the strategic reduction in the Wheel Assembly business, overall net revenue grew 25.3 per cent YoY.

The company also continued to outperform growth in two-wheeler industry vehicle production.

Rathee attributed the performance to the company’s continued focus on expanding value-added businesses, improving utilisation of production capacities and driving cost efficiencies.

He said the company aims to continue outperforming industry growth on a sustainable basis, with a clear focus on the bottom line and enhancing shareholder value. Volatility in alloy prices may affect margin percentages because of the denominator effect. However, with aluminium prices expected to remain benign in the coming quarters, the company anticipates an improvement in EBITDA margins.

ASK Automotive has also successfully implemented its technical collaboration with Kyushu Yanagawa Japan at its Karoli plant, with the first supply of high-pressure die-cast alloy wheels commencing to its Japanese customer.

The company’s mega manufacturing facility at Karoli is ramping up rapidly, while its new Bangalore facility is operating at optimum utilisation. Improved economies of scale and operational efficiencies are contributing to better performance.

Its second captive solar plant in Rajasthan is expected to become operational in Q2 FY27, reflecting the company’s continuing commitment to sustainable renewable energy initiatives.