ASK Automotive Limited — Investor Meet, 25-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ASK Automotive delivered strong Q4 & FY26 results, outperforming the two-wheeler industry. Q4 net revenue grew 30% YoY (adjusted for aluminum prices & wheel assembly), with EBITDA at Rs. 140 Cr (12.1% margin) and PAT at Rs. 72 Cr. For FY26, net revenue rose 20.1%, EBITDA reached Rs. 551 Cr (13.1% margin). The independent aftermarket surged 24.7% driven by GST rate reduction. Management expects mid-teens growth in FY27, fueled by new products and JVs (alloy wheels, cables, sunroof to fructify in H2 FY27). Capex of Rs. 400 Cr is planned for FY27, with a focus on green energy. Management maintains a confident outlook.