Automotive Axles Ltd
BSE:505010
Automotive Axles Ltd
Automotive Axles Ltd. engages in the manufacture and sale of automotive components. The company is headquartered in Mysore, Karnataka and currently employs 986 full-time employees. The firm operates through the segment of manufacturing and sale of automotive components. The firm manufactures drive axles, non-drive axles, front steer axles, specialty and defense axles and drum and disc brakes. The company provides these products to the major domestic and global manufacturers of trucks and buses, such as light, medium and heavy commercial vehicles, military and off-highway vehicles, aftermarket and exports. The firm has a portfolio of auto components, and it also designs engineering modules or systems comprising gearing, integral brake to axle design, weight option designs and driver-operated differential locks. The company provides its products to the domestic and global manufacturers of trucks and buses in segments, such as light, medium and heavy commercial vehicles; military and off-highway vehicles; aftermarket, and exports.
Automotive Axles Ltd. engages in the manufacture and sale of automotive components. The company is headquartered in Mysore, Karnataka and currently employs 986 full-time employees. The firm operates through the segment of manufacturing and sale of automotive components. The firm manufactures drive axles, non-drive axles, front steer axles, specialty and defense axles and drum and disc brakes. The company provides these products to the major domestic and global manufacturers of trucks and buses, such as light, medium and heavy commercial vehicles, military and off-highway vehicles, aftermarket and exports. The firm has a portfolio of auto components, and it also designs engineering modules or systems comprising gearing, integral brake to axle design, weight option designs and driver-operated differential locks. The company provides its products to the domestic and global manufacturers of trucks and buses in segments, such as light, medium and heavy commercial vehicles; military and off-highway vehicles; aftermarket, and exports.
Revenue Growth: Automotive Axles reported Q3 revenue of INR 562 crores, up 21% quarter-over-quarter and 6% year-over-year.
Margins: EBITDA margin improved to 12.9%, with EBITDA up 26% QoQ and 14% YoY. Profit before tax was INR 51 crores (9.1% margin), impacted by a wage-related exceptional item.
Product Mix: Strong demand and successful ramp-up of new products, particularly the MS185 axle, contributed positively to volumes and mix.
Capacity & Outlook: Current capacity utilization is around 80%. Management expects to meet short-term demand and is investing to expand capacity for future growth.
Guidance: Management expects Q4 to be stable and in line with industry growth, with the upcoming quarter likely to be better than last year by 5%-10% in industry volumes.
