← Retour à la une
Asie · Marchés régionaux · Mint

Automotive Axles share price jumps 15%: Why the small-cap stock rallied in trade today. Do you own? Check stock trend

Publié par Mint · Inde il y a 1 h
Automotive Axles share price rally (AI-generated image for representational purposes)
Automotive Axles share price rally (AI-generated image for representational purposes) · Mint

Résumé détaillé

Automotive Axles shares surged nearly 15% after the company reported strong Q2 FY27 results. Net profit rose 66.7% to ₹60 crore, revenue grew 43.5% to ₹663 crore, and EBITDA increased 73.7%, lifting the margin to 12.6%. Raman K was appointed CFO.

Automotive Axles share price: Automotive Axles shares rallied nearly 15% on Friday, November 13, after the small-cap auto ancillary company reported a strong set of financial results for the September 2026 quarter. The company delivered robust growth in revenue, profitability and operating margins in the second quarter of FY27, with net profit rising nearly 67% year-on-year.

The stock witnessed strong buying interest following the earnings announcement, with investors reacting to the company's improved financial performance. Automotive Axles reported double-digit growth across its key financial parameters, supported by a sharp rise in revenue and an even stronger improvement in operating profitability.

Automotive Axles reported a 66.7% year-on-year increase in net profit to ₹60 crore for the second quarter of FY27, compared with ₹36 crore in the corresponding quarter of the previous financial year.

The company's revenue from operations also registered strong growth during the reporting quarter. Revenue increased 43.5% year-on-year to ₹663 crore in Q2 FY27, compared with ₹462 crore in Q2 FY26.

Operating performance improved at an even faster pace, with earnings before interest, tax, depreciation and amortisation (EBITDA) rising 73.7% to ₹83.2 crore in the September 2026 quarter, against ₹47.9 crore in the year-ago period.

The company's EBITDA margin, which measures operating profitability as a percentage of revenue, also witnessed a significant improvement. It expanded to 12.6% in Q2 FY27 from 10.4% in Q2 FY26, marking an expansion of 220 basis points.

The financial performance reflected broad-based growth across the company's key earnings parameters, with EBITDA growth significantly outpacing revenue growth during the quarter.

Automotive Axles also reported healthy growth in its financial performance for the first half of FY27.

For the six months ended September 30, 2026, the company reported revenue from operations of ₹1,179.4 crore, compared with ₹951.1 crore in the…

Début de l'article, extrait de Mint. Pour lire la suite, ouvrez l'article chez le média.

Lire l'article complet sur Mint Connectez-vous pour sauvegarder

MarketNews présente le titre et le résumé publiés par le média. L'article complet se lit sur le site de l'éditeur. (www.livemint.com)

À lire aussi