Automotive Axles Limited has informed the Exchange about Transcript and Link of Recording
AUTOAXLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Automotive Axles reported Q2 FY26 revenue of ~INR 470 crores, down ~6% quarter-on-quarter, while EBITDA margin improved to 12.4% from 11.7% in Q1 and 11.4% YoY. H1 FY26 revenue stood at ~INR 969 crores. The M&HCV market in Q2 did ~95,000–98,000 vehicles, with management guiding FY27 to be 5–7% lower at ~370,000–380,000 units and a potential peak of 480,000–500,000 by 2029–30. The company launched a 15-metre bus axle, electric tractor-trailer and electric tipper axles, and won a silver award from Ashok Leyland for aftermarket performance at 98% delivery. Direct selling to OEM customers (post Meritor HVS arrangement change from April 1, 2025) is fully operational, with exports contributing ~INR 60–70 crores per quarter.
Positive near-term on margins, with Q2 EBITDA at 12.4% confirming a sequential recovery and management reiterating they are on track for mid-teens (13%+) margins once volumes normalize. However, the top line remains soft due to weak product mix and export headwinds, and the impending retirement of CFO Ranganathan S. on November 21, 2025 adds a leadership transition overhang.