Automotive Stampings & Assemblies Limited (ASAL), a key player in the automotive components sector, has reported a strong financial performance for the second quarter. The company's results showcase growth across key financial metrics, indicating resilience in a competitive market.

Financial Highlights

ASAL's Q2 performance demonstrates improvements in revenue, profitability, and operational efficiency:

Revenue Growth

The company's revenue saw a significant year-over-year increase of 7.61%, rising from ₹1,970.00 crore in Q2 FY2024-25 to ₹2,120.00 crore in Q2 FY2025-26. This growth reflects ASAL's strong market position and potentially increased demand for its automotive components.

Improved Profitability

ASAL's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a notable improvement, increasing by 10.53% from ₹114.00 crore in the previous year to ₹126.00 crore in Q2 FY2025-26. This growth outpaced the revenue increase, indicating enhanced operational efficiency.

The EBITDA margin also saw an uptick, improving from 5.76% to 5.94%, a rise of 18 basis points year-over-year. This margin expansion suggests that ASAL has been successful in managing its costs effectively while growing its revenue.

Net Profit

Net profit for the quarter stood at ₹44.00 crore, compared to ₹43.00 crore in the same period last year, representing a modest increase of 2.33%. While the growth in net profit is less pronounced than the revenue and EBITDA growth, it still indicates a positive trend in the company's bottom line.

Looking Ahead

While the Q2 results are encouraging, investors and stakeholders will likely be watching for sustained growth and further margin improvements in the coming quarters. The automotive component industry remains competitive, and ASAL's ability to maintain its growth trajectory will be crucial for long-term success.

Automotive Stampings & Assemblies Limited continues to demonstrate its resilience and adaptability in the dynamic automotive sector. The company's Q2 FY2025-26 results reflect positive momentum, with improvements across key financial metrics.

Automotive Stampings & Assemblies has announced a significant change in its key personnel. Mr. Saurabh Surendra Erande, who served as the Company Secretary and Compliance Officer, has tendered his resignation from the company.

Resignation Details

Mr. Erande, holding membership number A25908, has decided to step down from his position to pursue new career opportunities outside the organization. The company's board has accepted his resignation, which was submitted on August 13, 2025.

Effective Date

According to the company's statement, Mr. Erande will be relieved from his duties and responsibilities effective September 19, 2025, after the close of business hours. This transition period allows for a smooth handover of responsibilities.

Reasons for Departure

The company explicitly stated that there are no material reasons for the resignation beyond Mr. Erande's personal decision to explore new professional avenues.

Impact on Company Operations

Automotive Stampings and Assemblies Limited has not provided any immediate information regarding a successor or interim arrangements for the role of Company Secretary and Compliance Officer.

About the Company

Automotive Stampings and Assemblies Limited is a player in the automotive components industry. The company specializes in manufacturing sheet metal components, assemblies, and sub-assemblies for the automotive sector.