In Q2 FY27, ASK Automotive Limited reported consolidated net profit of ₹101.56 crore, up 27.3% year-on-year, while consolidated total income rose 47.5% to ₹1,561 crore. The company said its net revenue grew 29.5% after adjusting for alloy-price pass-through and a strategic reduction in wheel assembly business.
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ASK Automotive reported its highest-ever quarterly revenue, EBITDA and profit in the September 2026 quarter. Revenue from operations stood at ₹1,555 crore, up 47.6% from a year earlier, while consolidated total income was ₹1,561 crore. Net profit rose from ₹79.80 crore in Q2 FY26 to ₹101.56 crore in Q2 FY27.
Consolidated EBITDA increased 30.0% year-on-year to ₹185 crore. The EBITDA margin was 11.8%, compared with a higher underlying margin measure cited by management after removing the effect of alloy-price pass-through. Earnings per share increased to ₹5.15 from ₹4.05 in the corresponding quarter of the previous year.
The company said this was its 12th consecutive quarter of robust performance since listing. Its Q2 result came during a period when the Indian automobile sector recorded its highest-ever second-quarter domestic sales across vehicle segments, according to management.
ASK Automotive said reported revenue was lifted by a significant increase in alloy prices that was passed through to customers. Management quantified the pass-through impact at 23% and also cited a 5% effect from the strategic reduction of its wheel assembly business. After these adjustments, it placed net revenue growth at 29.5% year-on-year.
The distinction matters because pass-through revenue raises the reported sales base without necessarily creating a corresponding expansion in percentage margins. Chairman and Managing Director Kuldip Singh Rathee said alloy-price volatility could affect margin percentages through a denominator effect, while absolute EBITDA growth remained in line with net revenue growth.
Management also said the adjusted 29.5% net revenue growth exceeded 16.5% growth in industry vehicle production. This comparison points to business growth ahead of the production growth figure cited by the company, although reported revenue was additionally influenced by the higher alloy-price pass-through.
ASK Automotive reported EBITDA of ₹348 crore for H1 FY27, up 31.3% year-on-year. The first-half EBITDA margin was 11.9%, while first-half profit after tax increased 28% to ₹187 crore. Earnings per share for the six-month period rose to ₹9.47 from ₹7.40 a year earlier.
The company said the alloy-price effect also reduced the reported margin percentage in the first half. Management referred to an adjusted EBITDA margin of 13.5% when excluding the alloy-price impact for the quarter, underscoring the difference between reported profitability ratios and the internal adjusted measure.
Total expenses in Q2 FY27 were ₹1,428.56 crore, compared with ₹956.82 crore in Q2 FY26. The rise in expenses occurred alongside the increase in total income and reflects the higher scale of operations, including the alloy-price component in sales and costs.
ASK Automotive has retained its expectation of net revenue growth in the high teens for FY27. Rathee said the company remains confident of achieving this range despite a tougher comparison base in the second half of the financial year.
The higher base relates to the Goods and Services Tax cut on two-wheelers in September 2025. Management said the…
