Automotive Axles

Automotive Axles reported Q3 FY26 revenue of ₹562 croreCurrent reported value: ₹562 crore. No comparable prior figure is available in the source record., up 6% YoYCurrent reported value: 6% YoY. No comparable prior figure is available in the source record., with EBITDA of ₹72.5 croreCurrent reported value: ₹72.5 crore. No comparable prior figure is available in the source record. (margin 12.9%Current reported value: 12.9%. No comparable prior figure is available in the source record., +93bps YoY). PAT stood at ₹38.8Current reported value: 38.8. No comparable prior figure is available in the source record. crore, impacted by a ₹12 crore exceptional item from wage code changes. Revenue growth lagged the MHCV industry (17% YoY) due to a decline in export and off-highway segments (15-25%Current 15-25%. Reported change: Down 5-15% YoY. of revenue), but management clarified that within MHCV, the company mirrors industry growth with no market share loss. New products (MS185 axle, brake upgrades) are gaining traction, and capacity utilization is ~80%Current 80%. Reported change: N/A. with planned expansion to 500,000 units by Q3 FY27. Q4 is expected to be better by 5-10%Current 5-10%. Reported change: +5-10% YoY. YoY driven by industry momentum. Key risk: bus axle launch delayed due to new low-floor mandate, potentially capping near-term growth.