ASK Automotive Ltd, India’s largest manufacturer of brake shoes and advanced braking systems for two-wheelers, reported a consolidated profit after tax (PAT) of ₹72 crore for the fourth quarter of FY26, registering a 24.2% year-on-year growth compared to ₹58 crore in the corresponding quarter of the previous fiscal.
The company’s consolidated revenue for the quarter grew 35.3% to ₹1,154 crore from ₹853 crore in the same period last year.
Business vertical growth
During the March quarter, the Advanced Braking Systems business recorded a 32% year-on-year revenue growth, while Aluminium Light Weighting Precision Solutions revenue increased 47%. The Safety Control Cables segment posted a 26% growth during the quarter.
Export revenue stood at Rs 41 crore compared to ₹39 crore in the corresponding period last year.
EBITDA performance
ASK Automotive achieved EBITDA of ₹140 crore in the fourth quarter, reflecting a 31.1% year-on-year growth.
The EBITDA margin stood at 12.1%. However, the company said the margin was impacted by pass-through alloy prices, adding that EBITDA margin would have been higher by 80 basis points without the impact.
Full-year revenue growth
For FY26, ASK Automotive reported consolidated revenue growth of 16.2%, reaching Rs 4,196 crore. The company said revenue growth was impacted by a 7% strategic reduction in the Wheel Assembly business, while significant increase in alloy prices contributed a 3.1% pass-through impact on revenue. Overall net revenue growth for the year stood at 20.1%.
Segment-wise FY26 performance
The Advanced Braking Systems business vertical posted 17% revenue growth during FY26, while Aluminium Light Weighting Precision Solutions grew 30% and Safety Control Cables business expanded 14% year-on-year.
Export revenue for the year stood at ₹141 crore compared to₹147 crore in the previous fiscal.
Profitability and margins
The company reported EBITDA of ₹551 crore for FY26, registering a 24.1% year-on-year increase.
EBITDA margin stood at 13.1%, although the company noted that the pass-through impact of alloy prices affected margins. Excluding this impact, EBITDA margin would have been higher by 40 basis points. PAT for FY26 rose 20.1% year-on-year to ₹297 crore.
Earnings per share
Earnings per share (EPS) increased to ₹15.08 during FY26 compared to₹12.56 in the previous fiscal, reflecting a 20.1% year-on-year growth.
The company attributed margin improvement to better economies of scale arising from higher volumes, increasing capacity utilisation at its Karoli facility and the new Bengaluru plant, along with the strategic reduction in the low value-added Wheel Assembly business.
Consecutive quarter of robust performance
“This is the tenth consecutive quarter of robust performance by us since listing of the company,” said ASK Automotive Ltd CMD Kuldip Singh Rathee.
“Our mega manufacturing facility at Karoli is ramping up fast and new Bengaluru facility is nearing its optimum utilisation. The improved economies of scale and operational efficiencies are benefitting us in delivering better performance,” he added.
Renewable energy plans
Rathee said the company’s second captive solar plant in Rajasthan is expected to become operational in the second quarter of FY27, reflecting its continued focus on renewable energy and sustainability initiatives.
He added that the company remains optimistic about continuing to outperform industry growth trends, supported by sustained momentum in the two-wheeler sector.