Earnings call transcript: Automotive Axles posts record Q2 2027 revenue, shares jump
Automotive Axles Limited announced its impressive Q2 2027 earnings, revealing a record-breaking second quarter revenue of INR 6,624 million, a 43% increase from the previous year. The company's EBITDA margin remained steady at 13.7%, despite rising raw material costs. Demand for commercial vehicles remained robust, driven by factors such as replacement cycles, regulatory pre-buying, and a shift towards heavier vehicles.
Shares surged 12.71%, reaching $1,858.60, nearing the stock's 52-week high. The company's Q2 revenue saw a 28% sequential growth and a remarkable 43% year-over-year increase, marking a historic milestone for Automotive Axles.
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