Automotive Axles Limited has informed the Exchange about Transcript and Link of Recording

Automotive Axles reported Q1 FY26 revenue of ~INR 498 crores, largely flat year-on-year, with EBITDA margin improving to 11.7% (from 11.2%) and PAT margin to 7.3% (from 6.9%). The company implemented a new direct sales model from Q1 FY26, consolidating sales that were previously routed through Meritor HVS (private entity) at the Automotive Axles level. A service fee (percentage of revenue on domestic OE sales, not exports to group entities) is now paid to Meritor HVS, appearing under other expenses (~INR 75 crores). Management indicated a 'marginal' EBITDA margin improvement from the new model but repeatedly declined to quantify the benefit. FY26 industry outlook points to a 4% dip, with Q2 expected weaker due to OEM inventory build-up and an above-average monsoon, before recovery in Q3/Q4. New 13.5m and 15m bus axle products are in proto trials with production targeted soon. North America export markets remain weak on tariff concerns. Mysore plant capex for automation continues.