Q3 2026 ASK Automotive Ltd Earnings Call Transcript
Key Points
- ASK Automotive Ltd (NSE:ASKAUTOLTD) reported a strong revenue growth of 28% in Q3 FY26, excluding the Wheel Assembly business.
- The company achieved a significant improvement in EBITDA margin, reaching 13.4% in Q3 FY26, an increase of 88 basis points compared to the previous year.
- ASK Automotive Ltd (NSE:ASKAUTOLTD) has successfully started operations of its 9.9 megawatt solar plant in Sirsa, Haryana, and plans to install another 11.55 megawatt solar plant in Rajasthan by Q1 FY27, reflecting a strong focus on green energy.
- The company's advanced braking system revenue grew by 22% in Q3 and 12% in nine months FY26, maintaining its market leadership position.
- ASK Automotive Ltd (NSE:ASKAUTOLTD) has seen a positive impact from the reduction of GST rates from 28% to 18%, which has helped the company gain more market share in the Indian aftermarket.
- The company's revenue from exports decreased to INR100 crores from INR108 crores in the same period last year, affected by global geopolitical uncertainties and tariff issues.
- Aluminum alloy price increases have negatively impacted EBITDA margins, reducing them by 30 basis points due to the denominator effect.
- The Wheel Assembly business saw a strategic reduction of 51.5%, impacting the overall consolidated revenue growth.
- ASK Automotive Ltd (NSE:ASKAUTOLTD) faces challenges in the unstable global geopolitical environment, particularly with tariff issues affecting exports to the US and Mexico.
- The company's capacity utilization at the Rajasthan plant remains at 65%, indicating underutilization and potential inefficiencies.
Ladies and gentlemen, good day, and welcome to ASK Automotive Q3 and nine months FY26 post results earnings call hosted by Adfactors PR. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rushabh Shah from Adfactors. Thank you, and over to you, sir.
Good evening to everyone, and welcome to Q3 and nine months FY26 earnings call of ASK Automotive Limited. From the management, we have with us Mr. Kuldip Singh Rathee, Chairman and Managing Director; Mr. Prashant Rathee, Joint Managing Director; Mr. Aman Rathee, Joint Managing Director; Mr. Naresh Kumar, Chief Financial Officer; and Mr. Manoj Sharma, Chief General Manager, Investor Relations.
Before we begin the call, I would like to mention that some of the statements made during the call may be forward-looking in nature, and hence, it may involve risks and uncertainties, including those related to the future financials and operating performance of the company. Please bear with us if
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