ASK Automotive Q1 PAT Rises 16% to Rs 660 Million

30 Jul 2025 CW Team

ASK Automotive Limited, India’s leading manufacturer of brake shoes and advanced braking systems for two-wheelers, has announced its unaudited financial results for the quarter ended 30 June 2025.

The company reported consolidated revenue of Rs 8.95 billion, reflecting a 3.5 per cent year-on-year increase. Excluding the strategically reduced wheel assembly business, revenue growth stood at 11.1 per cent. The reduction in the wheel assembly segment, which declined by 53.5 per cent, is part of ASK’s ongoing focus on value-added products.

In terms of vertical performance, the Advanced Braking Systems segment grew by 4 per cent, Aluminium Lightweight Precision Solutions by 15 per cent, and Safety Control Cables by 6 per cent. Export revenue remained stable at Rs 330 million.

EBITDA rose by 19.3 per cent year-on-year to Rs 1.23 billion — the highest quarterly EBITDA in the company’s history — with margins improving by 183 basis points to 13.8 per cent. This was driven by better scale, improved utilisation of the Karoli and Bangalore facilities, and ongoing cost optimisation measures.

Profit after tax reached Rs 660 million, up 16.3 per cent year-on-year, while earnings per share increased to Rs 3.35 from Rs 2.88 in Q1 FY25.

Chairman and Managing Director Mr Kuldip Singh Rathee stated, “This marks our seventh consecutive strong quarter since listing. We continue to outperform industry growth in two-wheeler production, and our strategic focus on high-margin verticals and operational efficiency is paying off. Our ramp-up at Karoli and Bangalore is progressing well, and we aim to sustain or improve current EBITDA margin levels in the coming quarters.”

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..