ASK Automotive Limited — PPTs, 29-07-2025: Investor Presentation

**1. Financial Highlights:**

Q1 FY26 consolidated revenue grew 3.5% to Rs. 895 Cr. Excluding the Wheel Assembly business, revenue surged 11.1%. EBITDA climbed 19.3% to Rs. 123.3 Cr, expanding margins to 13.8% (vs. 11.9% YoY). Profit After Tax (PAT) increased 16.3% to Rs. 66.1 Cr, achieving a 7.4% margin. Margin improvement is attributed to economies of scale, increased capacity utilization, and cost optimization.

**2. Strategic Initiatives & Growth Drivers:**

The company is focused on strengthening its position in the growing EV sector, diversifying product offerings in Advanced Braking (AB) systems and Aluminum Lightweighting Precision Solutions (ALPS) for Passenger Vehicle (PV) and Commercial Vehicle (CV) segments. Expansion of its Independent After Market (IAM) network and export opportunities are key. Significant investment in renewable energy is ongoing, with a 9.9 MWp solar plant now operational.

**3. Business Developments:**

A strategic reduction in the low-value-added Wheel Assembly business (-53.5%) was implemented. The company has forged new technical collaborations and joint ventures with global players like LIOHO, AISIN, Kyushu Yanagawa Seiki, and TD Holding Gmbh, enhancing capabilities in areas like sunroof operating cables.

**4. Market Position & Competitive Advantage:**

The company holds a leading ~50% market share in 2W Advanced Braking systems in India, offering powertrain-agnostic products for both EV and non-EV vehicles. Its strong in-house R&D, engineering capabilities, and long-standing relationships with OEM customers contribute to high industry entry barriers.

**5. Investor Implications:**

The robust Q1 performance, marked by significant margin expansion, signals strong operational efficiency and cost management. Strategic pivots towards higher-value segments, coupled with new global collaborations, indicate positive long-term growth potential and an enhanced product portfolio.