Q3 results, Interim CFO, senior management changes at Auto Axles
AUTOAXLES · price
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On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 6.3 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Auto Axles posted Q3 FY26 revenue of Rs 562.3 crore vs Rs 530.7 crore, up 6 percent year on year. Net profit was Rs 38.8 crore vs Rs 39.6 crore, slightly lower. For nine months, revenue was Rs 1,513.4 crore (flat) and net profit Rs 110.5 crore vs Rs 109.6 crore. Board appointed Mr. Raman K as Interim CFO until a permanent CFO is hired. Two senior managers ceased (General Maintenance and Quality Assurance) while two new senior managers joined in IT and Strategic Sourcing. Results include an Rs 11.99 crore exceptional charge for Labour Code impact on gratuity and leave liabilities.
Revenue growth offset by one-time Labour Code charge and a small profit dip. Interim CFO and senior management churn may raise short-term governance attention.