ASK Automotive Limited — Investor Meet, 02-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ASK Automotive reported a strong Q1 FY26: Revenue grew 3.5% (11.1% excluding strategic wheel assembly reduction), EBITDA surged 19.3% with a record 13.8% margin, and PAT rose 16.3%. This outperformance topped a flat 2-wheeler industry. All core segments saw positive growth. The new Bangalore plant achieved positive EBITDA in Q1, targeting 60% utilization by Q2. Management remains confident in achieving mid-teens revenue growth for FY26 and sustaining strong margins. H2 demand is expected to improve with the festive season. A new sunroof cable JV signals import substitution. The company is actively exploring new opportunities given ongoing ABS regulatory discussions.