ASKAUTO strengthening Financias as well as Price Action NSE:ASKAUTOLTD
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KEY Performance
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Robust growth in both top line & bottom line
Highest ever Revenue & PAT in any quarter in past
Revenue growth outperformed Industry growth
Revenue up +31%, EBITDA up + 59%, PAT up +63%
EBITDA Margins at 11.9%, up 210 bps YoY
EBITDA margin improvement resulting from:
Higher Volume driven economies of scale
Benefit from ramp up of Karoli facility
Focus on cost optimization initiatives
EPS at Rs. 2.88, up +63% YoY
CRISIL revised outlook to Positive from Stable
CRISIL reaffirmed Credit Rating to AA- for
Long Term and A1+ for Short Term
Construction work of new Bengaluru Plant
progressing well as per plan
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Powertrain Agnostic product offerings in both EV and Non-EV.
4 World Class Technical Collaborations and 2 World Class Joint Ventures.
Robust financial performance with 17% Revenue growth, 26% EBITDA growth, 41% PAT growth and RoACE of 23.64% in FY24.
High entry barriers due to proprietary material formulations, in-house Engg, Designing & Tool room.
Long standing relationship with customers & established Aftermarket focused on Quality, Cost & Delivery.
