Automotive Axles Q4 Net Profit Rises 17% to INR 539 Million
Automotive Axles announced its FY26 audited results, reporting a 5.7% increase in annual net profit to INR 1,643.75 million and revenue of INR 21,777.29 million. For Q4 FY26, net profit rose to INR 539 million on revenue of INR 6,698.14 million, with EBITDA margins improving to 12.4%. Management cited strong commercial vehicle demand and over 90% capacity utilization. The Board recommended a final dividend of INR 32 per share.

*this image is generated using AI for illustrative purposes only.
Automotive Axles has announced its audited financial results for the quarter and year ended March 31, 2026. The company recorded a 5.7% year-on-year increase in net profit to INR 1,643.75 million, compared to INR 1,555.35 million in the previous year. Revenue from operations for the year stood at INR 21,777.29 million, up from INR 20,775.38 million in FY25.
Financial Performance
For the quarter ended March 31, 2026, the company posted a net profit of INR 539 million, a rise from INR 459.27 million in the corresponding quarter of the previous year. Revenue for the quarter increased to INR 6,698.14 million from INR 5,683.44 million in Q4 FY25. EBITDA for the quarter came in at INR 825 million versus INR 626 million in the same period last year, with the EBITDA margin improving to 12.4% from 11.19% year-on-year.
The following table summarises the full-year financial performance:
| Metric | FY26 (INR Million) | FY25 (INR Million) |
|---|---|---|
| Revenue from Operations | 21,777.29 | 20,775.38 |
| Net Profit | 1,643.75 | 1,555.35 |
| Total Income | 22,099.09 | 21,047.52 |
| Total Expenses | 19,781.27 | 18,941.39 |
Key quarterly metrics are presented below:
| Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Revenue | INR 6,698.14M | INR 5,683.44M |
| Net Profit | INR 539M | INR 459.27M |
| EBITDA | INR 825M | INR 626M |
| EBITDA Margin | 12.4% | 11.19% |
Management Commentary
Addressing analysts on May 20, 2026, management attributed the strong performance to robust market demand, with the commercial vehicle industry closing FY26 around 480,000 units, 16% above FY25. The company successfully converted demand into improved top and bottom lines. Capacity utilization for the quarter was over 90%. Management noted that while the market typically softens in Q1 and Q2, consistent demand is expected to continue.
Corporate Actions
The Board of Directors has recommended a final dividend of INR 32 per share (320%) for the financial year 2025-26, subject to shareholder approval. The company has fixed Wednesday, August 5, 2026, as the record date for determining eligibility. The 45th Annual General Meeting is scheduled for Wednesday, August 12, 2026.
Historical Stock Returns for Automotive Axles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.37% | -1.42% | -7.84% | +5.27% | -2.70% | +20.91% |
With capacity utilization already exceeding 90% in Q4 FY26, what capital expenditure plans does Automotive Axles have to expand production capacity and meet sustained commercial vehicle demand?
How might potential slowdowns in the commercial vehicle industry during Q1 and Q2 FY27 impact Automotive Axles' ability to maintain its improved EBITDA margins above 12%?
Given the 16% growth in the commercial vehicle industry in FY26, how is Automotive Axles positioned to benefit from the transition to electric commercial vehicles and evolving axle technology requirements?


































