ASK Automotive Recommends ₹1.85 Dividend, Forms Cable JV

INDUSTRIAL-GOODS-AND-SERVICES
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AuthorVihaan Mehta|Published at:
ASK Automotive Recommends ₹1.85 Dividend, Forms Cable JV
Overview

ASK Automotive's board approved its FY26 financial results, recommending a final dividend of ₹1.85 per share. The company also announced the incorporation of a new joint venture, ASK GTD Control Cables Private Limited, to manufacture specialized automotive cables.

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ASK Automotive Announces FY26 Results and Dividend Recommendation

ASK Automotive Limited has released its audited financial results for the fiscal year ending March 31, 2026. The company reported standalone revenue of ₹3,304.88 crore and standalone Profit After Tax (PAT) of ₹61.10 crore. On a consolidated basis, revenue reached ₹4,176.32 crore with a PAT of ₹297.32 crore.

Dividend and Joint Venture Approval

The company's Board of Directors has approved the FY26 financial results. As part of its financial distribution, the board recommended a final dividend of ₹1.85 per equity share. Furthermore, ASK Automotive has incorporated a new joint venture named ASK GTD Control Cables Private Limited, established on September 15, 2025. This new entity is in partnership with T.D. Holding GMBH and will focus on manufacturing sunroof control cables and helix cables.

Strategic Expansion into Cables

This move into specialized cable manufacturing through the joint venture signifies a strategic expansion for ASK Automotive. The new venture is expected to open up new revenue streams and broaden the company's market presence within the automotive component sector.

Shareholder Information

Shareholders will have the opportunity to vote on the recommended final dividend at the upcoming 38th Annual General Meeting (AGM), scheduled for August 07, 2026. The company has also appointed M/s Kashyap Kumar & Associates as the Cost Auditors for the fiscal year 2026-27.

Key Financials and Watchpoints

Context Metrics:

  • Standalone PAT FY26: ₹61.10 crore
  • Consolidated PAT FY26: ₹297.32 crore
  • Recommended Final Dividend: ₹1.85 per equity share
  • Dividend Record Date: July 31, 2026
  • AGM Date: August 07, 2026

Investors will be closely watching the performance of the new joint venture and its contribution to ASK Automotive's profitability. The company's ability to navigate market fluctuations and competitive pressures will also be a key factor.

Next Steps

Key developments to monitor include shareholder approval of the dividend at the AGM and initial performance updates from the ASK GTD Control Cables Private Limited joint venture.

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