ASK Automotive ASK Automotive has filed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The filing, submitted to both the BSE Limited and the National Stock Exchange of India Limited, discloses that the Board of Directors approved the results at their respective meetings held on August 4, 2026.

The submission was made pursuant to Regulation 47 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that copies of the advertisements containing these results were published in the newspapers Financial Express and Jansatta on August 05, 2026.

Regulatory Compliance and Approval

The unaudited financial results were reviewed by the Audit Committee before being presented to the Board. The approval process adhered to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kuldip Singh Rathee, Chairman & Managing Director, signed off on the statement on behalf of the Board of Directors from Gurugram.

Rajani Sharma, Company Secretary & Compliance Officer, certified the filing. The document includes the Limited Review Report alongside the financial statements, which are available for public access.

Document Details

The complete financial results and the Limited Review Report are hosted on the stock exchange websites at www.bseindia.com and www.nseindia.com . They are also accessible via the company’s website at www.askbrake.com .

Ask Automotive reported a consolidated net profit of ₹85 crore for the quarter ended June 30, 2026, marking a 29% increase from ₹66 crore in the same period last year. The company achieved its highest-ever quarterly revenue, totaling ₹1,361 crore, driven by a 52% year-on-year surge in sales. This top-line expansion was primarily fueled by robust demand in the two-wheeler segment and significant volume growth in Aluminium Lightweighting Precision Solutions (ALPS). However, margins faced pressure due to the pass-through impact of rising alloy prices and the strategic exit from the low-value Wheel Assembly business.

The Board of Directors approved the unaudited financial results on August 4, 2026, following a review by statutory auditors Walker Chandiok & Co LLP. The firm issued an unmodified conclusion on both standalone and consolidated statements, confirming compliance with Ind AS 34 and SEBI Listing Regulations. Concurrently, the Board appointed Ernst & Young LLP as the internal auditor for the financial year 2026-27, effective immediately, following recommendations from the Audit Committee.

Financial Performance Highlights

The following table summarises the key consolidated financial metrics for the quarter:

Cost of materials consumed increased significantly, aligning with the revenue growth trajectory. Employee benefits expense rose to ₹61.01 crore, while finance costs climbed to ₹15.89 crore. Other expenses stood at ₹195.37 crore, compared to ₹147.64 crore in the prior year quarter.

Segmental Shifts and Strategic Exits

The company's product mix shifted notably in Q1FY27. Aluminium Lightweighting Precision Solutions (ALPS) accounted for 57.7% of revenue, growing 75% year-on-year to ₹784 crore. Advanced Braking Systems (ABS) contributed 35.5%, rising 48% to ₹482 crore. Safety Control Cables grew 20% to ₹39 crore. Revenue from exports reached ₹39 crore against ₹33 crore in the previous year.

Strategically, Ask Automotive exited the Wheel Assembly business effective April 1, 2026. While this segment contributed ₹47 crore in Q1FY26, it recorded nil sales in Q1FY27. Management cited the closure as a move to focus on higher-margin core competencies. The overall net revenue growth, excluding the 33.4% pass-through impact of alloy prices and the 6.6% reduction from the Wheel Assembly exit, stood at 25.3% year-on-year.

What the Numbers Show

The divergence between revenue growth (52%) and EBITDA margin contraction — from 13.8% to 12.0% — highlights the impact of input cost inflation. Although absolute EBITDA rose 32.7% to ₹164 crore, the margin compression was driven by the abrupt increase in aluminium prices passed through to customers without immediate proportional margin recovery. Additionally, the share of net loss from joint ventures widened to ₹2.30 crore from a profit of ₹0.60 crore in the previous year, further impacting the bottom line relative to operating performance. Despite these headwinds, the company maintained strong profitability, with PAT margins holding at 6.3%.

Corporate Governance and ESG Initiatives

Ask Automotive continues to strengthen its sustainability profile, having operationalized a 9.9 MWp solar power plant for captive consumption. An additional 11.55 MWp plant in Rajasthan is expected to be operational by Q2FY27. The company has also achieved 100% conversion of diesel to PNG in melting furnaces. Walker Chandiok & Co LLP continues as the statutory auditor, having reviewed the interim financial information under Standard on Review Engagements (SRE) 2410. The consolidated results include one subsidiary, Ask Automobiles Private Limited, and three joint ventures: Ask Fras-Le Friction Private Limited, Aisin Ask India Private Limited, and Ask GTD Control Cables Private Limited.