ASK Automotive exceeds Q1 expectations with strong margins

ASK Automotive Limited reported consolidated revenue growth of 3.5% year-on-year in Q1 FY26, excluding a strategic 53.5% reduction in wheel assembly business. EBITDA increased 19.3% and profit after tax rose 16.3%.

The company achieved its highest quarterly EBITDA margin of 13.8%, an improvement of 183 basis points over Q1 FY25. Its new Bangalore facility, commissioned in January 2025, achieved positive EBITDA and is expected to reach 60% capacity utilization by Q2 FY26.