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ASK Automotive
SectorConsumer Discretionary
The Quarter story
The two most recent quarterly results, compared side-by-side.
ASK Automotive scales revenue and profits in Q1 FY27, but rising material and finance costs compress margins.
EBITDA grows from ₹123.3 Cr in Q1 FY26 to ₹163.6 Cr in Q1 FY27, confirming strong operating cash generation.
Material costs escalate from ₹621.3 Cr in Q1 FY26 to ₹1026.3 Cr in Q1 FY27, pressuring gross margins.
Net profit rises from ₹66.1 Cr in Q1 FY26 to ₹85.1 Cr in Q1 FY27, confirming bottom-line resilience.
EBITDA margin contracts from 13.8% in Q1 FY26 to 12.0% in Q1 FY27, indicating cost inflation outpacing pricing.
EPS climbs from ₹3.35 in Q1 FY26 to ₹4.32 in Q1 FY27, signaling improved per-share earnings power.
Interest expenses increase from ₹10.2 Cr in Q1 FY26 to ₹15.9 Cr in Q1 FY27, weighing on net margins.
Two-wheeler ICE revenue share jumps from 67.6% in Q1 FY26 to 74.6% in Q1 FY27, confirming enduring internal combustion demand.
JV earnings swing from ₹0.6 Cr in Q1 FY26 to -₹2.3 Cr in Q1 FY27, dragging consolidated profitability.
EV revenue mix rebounds from 4.5% in Q3 FY26 to 5.7% in Q1 FY27, signaling accelerating electric vehicle adoption.
Export contribution falls from 3.7% in Q1 FY26 to 2.9% in Q1 FY27, indicating weakening overseas order flow.
Company insights, generated from the most recent coverage.
Sunroof and helix cables are 100% imported into India today; ASK GTD would be the first domestic maker, so the prize is import substitution in a niche with no local competition yet.
GTD cables start supplying only in H2 FY27 with real scale in FY28, and management itself calls it 'not a big number' initially — do not underwrite FY27 growth on this JV.
AISIN JV covers India, Nepal, Sri Lanka and Bangladesh — ASK's first structured geographic diversification, though South Asia neighbours add little absolute revenue.
