ASK Automotive Reports Strong Q3 FY 2024-25 Results, Net Profit Rises 32% YoY

Gurugram, India – January 29, 2025​

ASK Automotive Limited (NSE: ASKAUTOLTD, BSE: 544022) has announced its financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, reporting higher revenue, improved margins, and strong earnings growth.

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Key Financial Highlights (Consolidated Results)​

Quarterly Performance (Q3 FY 2024-25 vs Q3 FY 2023-24)​

• Revenue from Operations: ₹915.10 crore, up 20% YoY from ₹761.66 crore.
• EBITDA: ₹247.87 crore, up 60% YoY from ₹154.62 crore.
• Profit Before Tax (PBT): ₹85.91 crore, up 31% YoY from ₹65.54 crore.
• Net Profit (PAT): ₹65.89 crore, up 32% YoY from ₹49.94 crore.
• Earnings Per Share (EPS): ₹3.34, compared to ₹2.53 in Q3 FY24.

Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)​

• Total Revenue: ₹2,751.16 crore, up 24% YoY from ₹2,212.04 crore.
• Net Profit: ₹190.00 crore, up 51% YoY from ₹126.01 crore.
• Total Comprehensive Income: ₹189.38 crore, compared to ₹125.45 crore last year.
• EPS (9M FY25): ₹9.64, compared to ₹6.39 in 9M FY24.

ASK Automotive delivered its highest-ever quarterly revenue and net profit, driven by increased auto component demand, strong operational execution, and cost efficiencies.

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Segmental Performance & Growth Strategy​

The company continues to benefit from increasing vehicle production, higher adoption of safety components, and technological innovations in auto braking systems.

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Operational Highlights & Cost Optimization​

• Raw Material Costs: ₹626.71 crore, up 24.7% YoY, in line with revenue growth.
• Employee Benefits Expense: ₹47.75 crore, reflecting workforce expansion to meet rising demand.
• Finance Costs: ₹7.51 crore, marginally lower YoY, showing efficient debt management.
• Depreciation & Amortization: ₹22.58 crore, reflecting new investments in capacity expansion.
• Other Expenses: ₹139.64 crore, increasing with higher production and logistics costs.

The company’s cost-control measures and operating leverage helped maintain strong margins.

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Balance Sheet & Financial Strength​

• Total Assets: ₹3,586.43 crore.
• Total Equity: ₹826.21 crore.
• Debt-to-Equity Ratio: Maintained at a comfortable level, ensuring financial stability.
• Cash Reserves & Liquidity: Sufficient to support ongoing expansion projects.

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Market Outlook & Growth Strategy​

ASK Automotive is well-positioned for continued growth, supported by:
✔ Expanding braking system portfolio with new safety regulations.
✔ Growth in aluminium lightweighting solutions for electric vehicles (EVs).
✔ Expanding partnerships with global OEMs to increase market share.
✔ Investments in automation & digitalization for manufacturing efficiency.

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Conclusion​

ASK Automotive has achieved record revenue and profit growth in Q3 FY 2024-25, driven by strong auto sector demand, cost optimizations, and strategic expansions. With robust financials, innovative products, and market leadership in braking systems, the company is well-positioned for sustainable long-term growth.