Financial Performance Highlights

Consolidated Results

  • Revenue from Operations: ₹4,176.32 crore (16.2% YoY growth from ₹3,600.83 crore in FY25)
  • EBITDA: ₹551 crore with margin improvement to 13.1% from 12.3% in FY25
  • Profit After Tax: ₹297.32 crore (20.1% YoY growth from ₹247.62 crore)
  • EPS: ₹15.08 (20.1% growth from ₹12.56 in FY25)

Standalone Performance

  • Revenue from Operations: ₹3,304.88 crore
  • Profit After Tax: ₹229.60 crore

Key Ratios

  • RoAE: 25.3% (26.5% in FY25)
  • RoACE: 26.9% (27.7% in FY25)
  • Debt Equity Ratio: 0.50 (increased from 0.38 due to capex financing)

Dividend Recommendation

The Board recommended a final dividend of ₹1.85 per equity share (92.5% of face value) for FY 2025-26, subject to shareholder approval at the AGM. The record date is set for July 31, 2026, with expected total outflow of approximately ₹36.47 crore.

Operational and Business Highlights

Market Position and Segments

  • Maintained ~50% market share in India's two-wheeler advanced braking systems
  • Advanced Braking Systems: 17% growth
  • Aluminium Lightweighting Precision Solutions (ALPS): 30% growth, now largest segment at 50.8% of revenue
  • Safety Control Cables: 14% growth
  • Produced 20.5 crore brake shoes and 1.5 crore brake panel assemblies

Expansion and Collaborations

  • 18 manufacturing facilities with 3 new plants under installation
  • 5 technical collaborations and 3 joint ventures with global partners
  • New JV "ASK GTD Control Cables Private Limited" incorporated for sunroof control cables
  • Significant capex through new term loans of ₹160 crore for brownfield expansion

ESG and Sustainability Performance

Environmental Initiatives

  • Total Waste Generated: 4,752.80 metric tonnes with 99.6% recycling rate
  • Waste Intensity: 1.44 metric tonnes per crore of revenue
  • Renewable Energy: 9.9 MWp captive solar plant operational, 11.55 MWp plant expected in Q2 FY2027
  • Emissions Reduction: Scope 1 & 2 emissions reduced by ~13% YoY
  • Water Management: 64.8% treated water reused in processes

Social Responsibility

  • CSR Expenditure: ₹6.27 crore (exceeding required ₹4.70 crore)
  • Beneficiaries: 48,818 persons from vulnerable & marginalized groups
  • Employee Welfare: 6,367 employees with 100% health and accident insurance coverage
  • Zero Lost Time Injury Frequency Rate achieved

Governance

  • Board comprises 10 directors with 5 independent directors and 2 women directors
  • Credit rating maintained at "CRISIL AA/Stable" for long-term facilities
  • No material non-compliances or penalties reported

Capital Structure and Investments

  • Authorized Share Capital: ₹45 crore
  • Paid-up Capital: ₹39.43 crore
  • Promoter Kuldip Singh Rathee sold 78.85 lakh shares (4% equity) to maintain minimum public shareholding
  • Investments in Joint Ventures: ₹45.36 crore across three entities
  • Corporate Guarantees: ₹934.00 crore provided to subsidiary ASK Automobiles

Regulatory Compliance and Audits

  • Statutory Auditors: Walker Chandiok & Co. LLP (reappointed until 39th AGM)
  • Independent limited assurance on BRSR Core disclosures by Ecopurus
  • Clean audit opinion on both standalone and consolidated financial statements
  • Minor tax disputes under appeal (₹1.18 crore income tax, ₹1.04 crore GST)

Forward Outlook

The company expects continued growth momentum in two-wheeler demand supported by improving affordability and favorable policy measures. Plans include expanding presence in passenger vehicle and commercial vehicle segments, leveraging export opportunities, and strengthening innovation capabilities.