ASK Automotive Limited — Investor Meet, 15-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ASK Automotive reported Q4 revenue up 8.5% YoY, EBITDA rising 24.7%, and PAT increasing 20.6%, outperforming the Two-Wheeler industry. FY25 saw revenue grow 20.2%, EBITDA 42.7%, and PAT 42.5%, with EBITDA margin up 193bps to 12.3%. ROACE improved to 27.7%, debt-to-equity stood at 0.38x. Market leadership sustained in Advanced Braking (+16%), Aluminium Lightweighting (+28%), and Safety Control Cable (+14%). New plants in Bangalore and Karoli are scaling up, with Rs. 450 Cr CAPEX planned for FY26 focused on alloy wheel technology. Partnerships with LIOHO, Kyushu Yanagawa, and AISIN target alloy wheels and aftermarket growth. Management expects mid-teens volume growth and margin expansion, driven by scale, product mix, and cost control. EV exposure remains aligned with current market share, with no new EV-specific product diversification. Export growth outlook is cautious but optimistic long term.