Please find attached the Transcript of Investors/analysts Call organized on 30th July, 2025 post declaration of Un-Audited Financial Results of the Company (Standalone & Consolidated) for the quarter ended on 30th June, 2025.
ASKAUTOLTD · price
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ASK Automotive reported a strong Q1 FY26 with revenue growth of 11.1% year-on-year (excluding the wind-down wheel assembly business, which fell 53.5%), while consolidated revenue grew 3.5%. Profitability was robust — EBITDA rose 19.3% YoY and PAT grew 16.3%, with the company posting its highest-ever quarterly EBITDA margin of 13.8%, up 183 basis points YoY. Management reiterated its mid-teens revenue growth guidance for FY26 (excluding wheel assembly) and targets EBITDA margin of 13.7% via ramp-up of the new Bangalore plant (already EBITDA positive) and better utilization at the Karoli plant (currently ~65%). The Bangalore facility is guided to reach 70–75% capacity utilization by Q4 FY26, and CAPEX of Rs. 450 crore for FY26 is on track. A key risk flagged is the draft regulation mandating ABS in two-wheelers, which could create a headwind of up to Rs. 230 crore, though management expects to offset it via new opportunities and collaborations.
The strong Q1 beat, record margins, and reiterated FY26 guidance are positive signals for the stock. Investors should watch the final ABS regulation notification, as it remains the main overhang despite management's confidence in mitigation.