ASK Automotive Limited — Updates, 29-01-2025: Press Release

**Financial Highlights:**

ASK Automotive Limited reported a strong performance in the third quarter and nine months of FY25. Total income for Q3 was ₹919 Crore, reflecting a YoY growth of 21%. EBITDA increased to ₹115 Crore, up 41% YoY, with margins improving to 12.5%. PAT for the quarter was ₹66 Crore, a 32% increase YoY, while EPS rose to ₹3.34.

For the nine-month period, total income reached ₹2760 Crore, a 24% YoY increase. EBITDA stood at ₹337 Crore, a 50% rise, with PAT at ₹190 Crore, marking a 51% growth YoY. EPS for 9M FY25 was ₹9.64, up from ₹6.39.

**Strategic Initiatives and Growth Drivers:**

The company continues to strengthen its market position, particularly in the Advanced Braking Systems segment, which recorded a 14% growth. Production efficiencies and cost optimization have supported margin improvements. The new Karoli manufacturing facility is ramping up, and production at a new facility in Karnataka commenced in January 2025.

**Business Developments:**

Recent expansions include a 9.9MWp solar power plant for captive use, which commenced trial production, enhancing sustainability efforts.

**Market Position and Competitive Advantage:**

With a ~50% market share in OEM brake systems for two-wheelers, ASK Automotive holds a dominant position in the industry. CRISIL upgraded its credit rating from AA- to AA, reflecting financial stability.

**Investor Implications:**

The company's robust performance indicates a positive outlook, with potential for further growth in the two-wheeler sector as market demand continues to rise. Investors should watch for sustained profitability and strategic expansions.