Automotive Axles Limited — Investor Meet, 09-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Automotive Axles reported Q3 FY26 revenue of INR 562 Cr, up 21% QoQ and 6% YoY. EBITDA grew 26% QoQ to INR 72.5 Cr (12.9% margin), and 14% YoY. PAT was INR 38.8 Cr (7% margin), impacted by a one-time wage code adjustment of INR 11.9 Cr.

Management expects Q4 FY26 industry volume to grow 5-10% YoY, with healthy OEM inventory. Current capacity utilization is around 80%, with expansions planned by Q3 FY27 to meet future demand. New product MS185 is gaining traction. Bus axle plans are being re-evaluated due to upcoming low-floor bus regulations. While MHCV growth is being mirrored, non-MHCV segments like exports face headwinds.