ASK Automotive Limited has reported record-breaking financial results for the second quarter of FY25. The company saw a 22% year-on-year increase in consolidated revenue, reaching INR 976 crore marking its highest revenue and profitability to date. This surge reflects ASK Automotive's strategic focus on expanding production and enhancing operational efficiencies as the two-wheeler market in India continues to experience steady growth.
The company’s performance across its product segments has been robust with the advanced braking systems division alone growing by 18% year-on-year. The aluminium lightweight precision solutions and safety control cables also showed strong growth, with 27% and 18% increases, respectively. The company’s overall earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by an impressive 50%, reaching INR 119 crore, while profit after tax (PAT) jumped by 63% to INR 67 crore, reflecting a rise in EBITDA margins to 12.2%, an improvement of 230 basis points compared to the previous year.
ASK Automotive’s Karoli manufacturing facility has been pivotal to this success with increased capacity utilisation driving economies of scale. The Karoli plant, alongside ongoing construction of a new Bengaluru facility and the upcoming commissioning of a 9.9MWp solar power plant in Sirsa, Haryana, are expected to enhance operational efficiency further and contribute to long-term sustainable growth.
For the first half of FY25, ASK Automotive recorded a 26% year-on-year revenue increase to INR 1,841 crore, with EBITDA rising by 55% and PAT by 63%. The company’s earnings per share (EPS) reached INR 6.30, up from INR 3.86 in the same period last year. These figures highlight ASK’s effective utilisation of its expanded production facilities and cost-efficiency initiatives. The two-wheeler sector, which is projected to grow amid positive market conditions and festive demand, presents a favourable environment for ASK’s sustained expansion.
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