ASK Automotive Q1 FY27 Results (NSE: ASKAUTOLTD)
Signal: Margin pressure
The read
Revenue surged 52% YoY to ₹1,358 Cr, but EBITDA margin compressed ~180bps to 12% on input cost inflation, with PAT growing 29%—a strong top-line story tempered by margin headwinds.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,358.11 Cr | 52.4% | +18.4% |
| EBIT | ₹130.44 Cr | 34.7% | |
| Net profit | ₹85.12 Cr | 28.8% | |
| EPS | ₹4.32 | 29.0% | |
| EBIT margin | 12.0% |
P&L walk
Revenue grew 52% YoY, driven by both standalone (+35.7%) and subsidiary (₹492 Cr revenues per auditor report), but gross margin fell 520bps and EBITDA margin fell 179bps as raw material cost share rose sharply, limiting PAT growth to 29%.
Key positives
- Revenue growth accelerated to 52% YoY, the highest in recent quarters.
- EPS grew 29% YoY to ₹4.32, tracking PAT; no dilution.
- Subsidiary contributed strong revenues and profits, diversifying earnings base.
Key concerns
- Gross margin compressed 520bps YoY to 30.7% as raw material cost share rose to 69.3% from 64.0%.
- EBITDA margin fell ~180bps YoY despite employee cost leverage.
- Finance costs jumped 55% YoY, indicating higher leverage.
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