ASK Automotive reports 27 pc growth in Q2 net profit to Rs 101.6 cr

New Delhi, Nov 3 (PTI) Auto component maker ASK Automotive Ltd on Tuesday reported a 27.3 per cent year-on-year growth in net profit for the quarter on the back of robust growth in its top line and operating profit.

The company, which is known for brake shoes and advanced braking systems, clocked Rs 101.6 crore in consolidated net profit for the quarter, against Rs 79.80 crore in the year-ago period.

Revenue from operations in Q2 FY27 came in at Rs 1,555.16 crore, compared to Rs 1.053.70 in the year-ago period, the company said in a release.

Revenue from ABS grew more than 46 per cent while revenue from aluminium light weighting precision solutions and safety control cables rose over 69 per cent and 33 per cent, respectively.

The company noted that

its export revenue more than doubled to Rs 70 crore from Rs 30 crore in the year-ago period.

As per the release, its Ebitda rose 30 per cent to Rs 185 crore while Ebitda margin narrowed to 11.8 per cent from 13.4 per cent.

Total expenses during the quarter increased by 49 per cent to Rs 1,428.56 crore from Rs 956.82 crore due to a rise in cost of materials consumed. PTI KMM SHM