Automotive Axles Limited , a key player in the auto components sector, has announced the superannuation of its Chief Financial Officer (CFO), Ranganathan S, effective November 22, 2025. This marks the end of Ranganathan's 11-year tenure with the company, during which he played a crucial role in steering the company's financial strategy.

Key Highlights

• Ranganathan S superannuates as CFO of Automotive Axles Limited after 11 years of service
• Original superannuation date was April 16, 2025, extended by one year
• Early superannuation due to personal reasons
• Company's financial position remains strong, with significant growth in key metrics

CFO Transition

Ranganathan's departure comes slightly earlier than initially planned. His original superannuation date was set for April 16, 2025, and had been extended by one year. However, citing personal reasons, Ranganathan chose to proceed with his superannuation on November 22, 2025.

Company's Financial Position

As Ranganathan concludes his tenure, Automotive Axles Limited stands on solid financial ground. The company's latest balance sheet data reveals robust growth across various financial metrics:

The company has shown significant growth in its asset base and shareholder value over the past year, indicating a strong financial position as the CFO transition takes place.

Long-term Growth Trajectory

Looking at the company's performance over a longer period, Automotive Axles has demonstrated substantial growth:

These figures highlight the company's strong growth trajectory over the past five years, showcasing the financial leadership during Ranganathan's tenure.

As Automotive Axles Limited prepares for this transition in financial leadership, the company's robust financial position suggests a solid foundation for continued growth and stability in the auto components sector.

Automotive Axles Limited , a key player in the commercial vehicle axle manufacturing sector, reported a 6% quarter-on-quarter decline in revenue for Q2 FY26, with total revenue standing at ₹470.00 crores. Despite the revenue dip, the company managed to improve its EBITDA margin to 12.40%, up from 11.70% in the previous quarter and 11.40% in the same period last year.

Financial Performance

The company's half-year revenue reached ₹969.00 crores, marking a 3% year-on-year decline. Despite the challenges, Automotive Axles demonstrated resilience in maintaining its profitability:

*Calculated based on the 6% quarter-on-quarter decline mentioned

Market Dynamics and Challenges

The revenue decline was attributed to several factors:

1. Product mix changes
2. Reduced tipper sales due to the monsoon season
3. Impact from tariffs on exports, particularly in the US market which is down 30-40%
4. Shift towards smaller configurations in tractor-trailers, resulting in fewer axles per vehicle

Despite these challenges, the Medium and Heavy Commercial Vehicle (MHCV) market performed reasonably well, with volumes around 95,000-98,000 vehicles for the quarter.

New Product Launches and Achievements

Automotive Axles continued to innovate and expand its product portfolio:

• Launched a 15-meter bus axle
• Introduced axles for electric vehicle applications, including 4x2 electric tractor trailer and 8x4 electric tipper
• Won a silver award from Ashok Leyland for aftermarket performance, achieving 98% delivery performance

Market Share and Customer Relations

The company maintains a strong position with key customers:

• 60-70% share of business with Ashok Leyland
• High double-digit share with Mahindra and Daimler

Future Outlook

Management expects Q3 and Q4 to end strongly, potentially better than last year, supported by GST revisions and domestic consumption. The company remains optimistic about market recovery and growth opportunities in the electric vehicle segment.

Management Changes

CFO Ranganathan S. announced his retirement effective November 21st after 11 years with the company, marking a significant transition in the company's leadership.

Investor Relations

During the earnings call, management emphasized their commitment to corporate governance and shareholder value creation. They assured investors that the recent acquisition of American Axle by Bharat Forge has no impact on Automotive Axles' operations or strategy.

As the commercial vehicle market continues to evolve, Automotive Axles appears well-positioned to navigate the challenges and capitalize on emerging opportunities in the sector.