Automotive Axles Limited has informed the Exchange about Transcript and Link of Recording
AUTOAXLES · price
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Automotive Axles reported Q4 FY26 revenue of INR 6,643 million (up ~18% YoY) with EBITDA of INR 825 million (12.4%) and PAT of INR 539 million (8%). Full-year FY26 revenue stood at INR 21,777 million (+5% YoY) with PAT of INR 1,643 million (7%). Management noted the industry closed FY26 at ~480,000 vehicles (16% above FY25), driven by GST benefits and early replacement cycle. New products launched during the year (including the 185 axle for heavy-duty tractor trailers) are ramping up well. The company operates under a new sales agreement with Meritor HVS paying a technical fee of 4-4.5% of sales. Plant utilization was over 90% in Q4 (softened to 70-80% in April-May). Phase 1 capacity expansion is on track for completion by December 2026.
The strong Q4 performance and multi-year growth targets (INR 4,500-5,000 crore top line in 4-5 years) with exports as a key lever are positive signals. However, near-term capacity utilization has softened and rising steel prices may create margin pressure if not fully passed through.