Ask Automotive Ltd (NSE: ASKAUTOLTD) Q1 2026 Earnings Call dated Jul. 30, 2025
Corporate Participants:
Kuldip Singh Rathee — Managing Director
Naresh Kumar Sharma — Chief Financial Officer
Analysts:
Snyder Albuquerque — Analyst
Vijay Pandey — Analyst
Naveen Kumar Dubey — Analyst
Prateek Ladha — Analyst
Smith Shah — Analyst
Sagar Shetty — Analyst
Unidentified Participant
Nitin — Analyst
Presentation:
Operator
Ladies and gentlemen, good day and welcome to ask Automotive Q1FY26 Porsche results earnings conference call hosted by AD Factors PR. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing Star then zero on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Snyder, Albuquerque. Thank you. And over to you sir.
Snyder Albuquerque — Analyst
Thanks Shubham. A very good evening to everyone and welcome to the Q1FY26 earnings call of Ask Automotive Limited. From the senior management, we have with us Mr. Kuldeep Singh Rathi, Chairman and Managing Director, Mr. Prashant Rathi, Old Time Director, Mr. Aman Rathi, Old Time Director, Mister Naresh Kumar, Chief Financial Officer and Mr. Manoj Sharma, Chief General Manager, Investor Relations.
Before we begin the earnings call, I would like to mention that some of the statements made during today’s call may be forward looking in nature and hence it may involve risks and uncertainties including those related to the future financials and operating performance of the company. Please bear with us. If there’s a call dropped during the course of the conference call, we would ensure. We ensure that the call will be reconnected at the earliest. I would now like to hand over the call to Mr. Kuldeep Singhati for his opening. Thank you. And over to you sir.
Kuldip Singh Rathee — Managing Director
Thank you. Mr. Slyther. Good evening ladies and gentlemen. It is my great pleasure to welcome you all to our Q1 FY26 earnings conference call. I hope you had had the opportunity to review the detailed presentation submitted to the Exchanges and available on our website. The Global economy in 2025 continues to face significant challenges including rising trade barriers and increased policy uncertainty leading to a broad based slowdown in growth. However, India remains a bright spot with the IMF projecting a robust 6.4% growth for calendar year 2025 despite global disruptions. This positive outlook is further supported by the RTI’s cumulative 100 basis points rate cuts over the past six months and above normal monsoon and upcoming festive season, all of which are expected to boost sentiment, particularly in the rural economy. This is especially anticipated. Encouraging for the two wheeler industry. Now let me begin by sharing a quick overview of the broader industry. As reported by xiam, the overall performance of the auto industry has remained muted so far with total vehicle production across segments growing by just 1.5%. The Two Wheeler Industries quarter one FY26 production volume was flattish at 5.9 million units up 0.7 0.7% compared to the same period last year. Moving on to the business updates, I am delighted to share with you that we had a strong finish to the first quarter in both revenue and profitability. This marks our seventh consecutive quarter of robust performance since the company’s listing in 2023. During quarter one FY26 we delivered revenue growth of 11.1% that is excluding the wheel assembly business because wheel assembly strategic reduction has been minus 53.5% and thus consolidated revenue has grown by 3.5% on year. On year basis we achieved growth of 19.3% in EBITDA and 16.3% impact on year. On year basis we continue to outperform the two wheeler industry in terms of vehicle production growth during quarter one FY26. Additionally, we achieved highest quarterly EBITDA margin of 13.8% in quarter one FY26 representing an improvement of 183 basis points over quarter one FY25. Improvement in margins during Q1 FY26 were mainly driven by better economies of scale due to higher volumes, increasing capacity, utilization of Karoli facility, ramp up of tube and lower facility, continued focus on cost optimization and strategic reduction a low value added wheel assembly business. Our aim is not only to sustain this level of EBITDA margins but continue our efforts to improve gradually in the subsequent quarters depending upon the growth of the two wheeler industry in FY26. With the strong performance on profitability, our earning per share in Q1FY26 has increased to Rs. 3.35 per share against Rupees 2.88 per share in the same period last year. Despite flattish two wheeler industry growth, our all three segments. Delivered a positive growth. We have sustained our market leadership position in the advanced braking system. Our advanced braking System revenue grew by 4% in Q1 on year on year basis. The aluminium lightweighting precision Solutions revenue grew by 15% in Q1 on YoY basis. And the safety control cable revenue also recorded growth of 6% in Q1 on Yori basis. In the dynamic and unstable global geopolitical environment and the uncertainty caused by USA tariffs has impacted the overall environment. It has resulted in low demand from our existing export customers. Our revenue from Exports was stagnant at rupees 33 crore in Q1FY26 against rupees 33 crore last year in the same period. However, we are still confident that we will grow the exports at 20% year on year during FY26. I would now like to give you updates that our Bangalore facility which was commissioned on 14th January 2025. I am delighted to share that this facility has delivered positive ebitda in quarter one FY26. This facility is ramping up fast and expected to achieve 60% capacity utilization by quarter two FY26 and this facility will be cash positive in quarter two FY26 itself. At our mega facility at Karoli plant expansion is going on full swing and accordingly capacity utilization is also increasing and we are currently running at around 65%. So thank you very much for your patient hearing. With this we leave the floor open for question and answers. Thank you very much.
Questions and Answers:
Operator
Thank you very much. We will now begin with the question and answer session. Anyone who wishes to ask a question may press star and one on the Touchstone phone. If you wish to withdraw yourself from the question queue, you may press star and two participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question comes from the line of Vijay Pandey from Nuwamavelt. Please go ahead.
Vijay Pandey
Hi. Thank you sir for taking my question. So the one question I wanted to check about the growth we had previously guided around McTeam’s group in spite of this. So this is organic growth. I mean exclusive. Including the wheel assembly business. That is my my understanding. Let me know if this is correct or not. Secondly, our gross margin was much better than last year than also on quarter on quarter basis. Just wanted to check what is driving this growth. Is it primary coming from the product mix or we see some. Or we saw some pavement in terms of raw material expenses. How should we look into it and what is the expectation going forward? These will be the two questions from my side.
Kuldip Singh Rathee
Well, I would like to correct your understanding on the growth revenue growth because in our last call also we had very clearly mentioned this year you will see our mid teens growth in the revenue excluding the wheel assembly business. Because that constituted about between 7 to 8% of the total revenues that we had very clearly mentioned in the call. So please throughout the year in the next quarters also you see our growth like that. I would like to repeat that. And as regards the mid teens growth we are very very confident. Though the quarter one has not been good for the industry. But as the GDP is growing. Well even as per the IMF I remain an optimist and I feel that we’ll be able to achieve the target of the mid teen growth in revenue this year.
As far as your second part is concerned on the margin improvement that also very clearly we had mentioned in the call last, last call that 80 basis point we will improve from 12.2 to 13 just by this wheel assembly business is going because it was a non profit business. So if it is going so we will be touching 13 and we will strive to achieve 13.7% EBITDA margin by all these new plant in Bangalore coming up and a better capacity utilization in the Karoli plant.
So both the things have happened as I mentioned just now that even our in the quarter one our new plant in Bangalore has become EBITDA positive. And as we had mentioned in the last call the Karoli plant was already cash positive. So that has all led to good EBITDA margins.
Vijay Pandey
Okay. Okay. Thank you. One more question sir. Just you can highlight about employee expenses. Employee expenses as percentage of sales went up. It came at 6%. So just wanted to check if this is because of our ramping up new plant in the plant in Bangalore as well as Rajasthan. Is it because of that and should we expect it to come down over coming quarters in the range of five and a half. Five percent.
Kuldip Singh Rathee
What is that percentage employee expenses we have not mentioned anywhere. What are you saying? That 5% employee benefit expenses as a percentage of sales.
Naresh Kumar Sharma
Hello. Hi Naresh. This side. Actually you compare our sale with the apple to apple. Because this time our sale is lesser because our wheel assembly business is not there. 53.5% is there. So due to that the percentage seems very high.
Vijay Pandey
Okay. Okay. Okay.
Operator
Thank you.
Kuldip Singh Rathee
And in future for consumption of all in this particular year, I would still like to mention that whatever growth in revenue you see that, please add 7 to 8% in that. So clear the confusion once for all throughout the year.
Operator
Thank you. The next question comes from the line of Naveen Kumar Dubey from Narnolia Financial Services limited. Please go ahead.
Naveen Kumar Dubey
Yeah, thanks for the opportunity sir. And congratulations on decent performance despite the two wheeler industry declining. My question is related to two wheeler industry only. First are we seeing any revision in the guidance we had previously given of industry growth that is 6 to 8%.
Kuldip Singh Rathee
Industry growth? Well, it is too early to say. The quarter one has got below expectations. But as I say I remain optimist and I feel that the festival season is approaching. Maybe cover up and monsoon has been good. So the good demand should come. You know though. Yes. Today people overall in two wheeler segment, you know they feel that the industry may not grow at 6%. You know they may grow at about 3 to 4% throughout the year. But anyway. But we expect that we’ll still achieve the mid teens growth. That’s what I feel.
Naveen Kumar Dubey
Okay, so. So second half should be better.
Kuldip Singh Rathee
Yeah. Quarter two will better than the quarter one. Much better.
Naveen Kumar Dubey
Okay. One question is related to have we seen any competitive intensity increasing in advanced braking system? Because in last 2 3/4 we see this growth percentage is declining.
Kuldip Singh Rathee
No, no, no. I have always maintained right from the time of my first roadshow that since we are the leaders for the last 20 years in the country and all the segments so we’ll grow as per the growth of the industry. So ideally we should have grown only at 1% or 0.7%. We have grown at 4% and that’s all because we little bit outgrow in the aftermarket.
Naveen Kumar Dubey
Okay. And sir, any new client addition have you seen recently in last 2 3/4 any new customer addition?
Kuldip Singh Rathee
The customers remain the same because we are supplying to each and every two wheeler manufacturers. So there’s no addition possible in the list of customers on the two wheeler side.
Naveen Kumar Dubey
Okay, so our product lines increasing. Maybe customers not increasing but new products which are coming from the OEMs. That that must be increasing.
Kuldip Singh Rathee
SCF 3.
Naveen Kumar Dubey
Okay. And one more question is on. Can we share our top 3 customers, revenue details? I mean what percentage of sales our top three customers contribute?
Kuldip Singh Rathee
See our top customer is the hmsi, the Honda motorcycle Scooter India and that constituent that constitutes about 35. Around 35%. The second big customer is TVS which is now 2021%. And the third one is the Hero Motor Corp. Which is about 17% or so.
Naveen Kumar Dubey
Okay, so 85C FY23 revenues breakup there. The top one customer was 35%. Second one was 16%. So I think TVS has taken share from somebody else. Okay, that’s it from my side sir. Thank you and all the best.
Kuldip Singh Rathee
Thank you very much.
Operator
Thank you. The next question comes from the line of Pratik Lada from Nirmal Bang Institutional Equities. Please go ahead.
Prateek Ladha
Good evening Kuldeep sir and team. Thank you for the opportunity. I had a couple of questions on the wheel assembly business in particular. So the remaining part of the business that we were expected to scale down was a quantum of 150 crore for this year. And what we’ve seen The first quarter itself is we’ve recorded or accrued about 50 crore, 47 crore to be precise. So is there a faster ramp down that we’re seeing of this business that we can probably forecast in our numbers for this year?
Kuldip Singh Rathee
No, no, no, no. We had said that this business is about 380 to 400 crores this year and 60% will go. That was the approximation. So a business of about 240 crores was to go, you know, almost. So I think we are very much on that path. But even that 40% will go maybe the end of this financial year. If it goes, we’ll let you know at least 1/4 before.
Prateek Ladha
All right, sir. On the new joint venture with TD Holding. So sir, what is the thought process? We’ve strategically collaborated with a lot of other seven other partners that we have the thought process on this collaboration and what kind of value will it bring for us as a company?
Kuldip Singh Rathee
See, we have signed this joint venture because as I mentioned many times we like to have the first mover advantage in any particular line that we choose. So there is no Indian manufacturer producing in India these sunroof cables. So that’s why we signed with Germany. So that we are the first one to produce these cables and then supply to the system supply. And this would be for the domestic
Prateek Ladha
Market in particular or. Well
Kuldip Singh Rathee
First it will be the domestic market and simultaneously as the two derived economies we may export.
Prateek Ladha
And this would just be the, the electric cable, this one include the electronic as well?
Kuldip Singh Rathee
No, no, no. It’s this is, this joint venture is only for the cable.
Prateek Ladha
Okay, all right. And so I mean while the outlook for rural demand is looking strong, the monsoon has been good. MSPs are also where they are. And so just trying to understand even though the first quarter was subdued, what based on your interactions with customers, what the outlook is on the festive and thereafter, are we expected to see some sort of a recovery going forward or would it be more gradual in nature?
Kuldip Singh Rathee
I always, as I said, remain optimist. And after Ganesh Chaturthi, normally what we have seen till Diwali, you know, there is a big boost in demand and I am still hopeful and optimistic that it will. Will come.
Prateek Ladha
Okay.
Kuldip Singh Rathee
That’s my understanding.
Prateek Ladha
Okay. All right. And I mean this, I mean just to understand from the month of July itself because we’re at the end of July to understand what the production schedules and if you can give any color. I’m not asking for anything specific on customers.
Kuldip Singh Rathee
I strongly feel the sudden spurt if it comes, it will come in September only month of September.
Prateek Ladha
Okay. Because Navratri is at the end of September and yeah, Diwali is in.
Kuldip Singh Rathee
Yes. So I think October will be very good. This is what we have seen for the last 30 years, more than 30 years. And I, I strongly feel that it will remain like that.
Prateek Ladha
All right, sir. And you mentioned you guided for a 20% growth in our exports which we are looking for FY26. Is this particularly from the non auto business that is looking to ramp up? We’ve seen that ramp up significantly especially in the Q1 as well. We’ve seen about 48% increase in the non auto business. So is it largely from that or are there any other new products that we’ve made and we’ve developed and we’re going to be supplying those exports?
Kuldip Singh Rathee
You know I have said that the market, export market is current geopolitical situation is still not very stable and there is a big confusion on the tariff front. So our US exports are not picking up and that’s what I mentioned that we may not achieve our own very ambitious targets which we had mentioned in the last call but still hopeful to have a 20% growth in the exports from last year.
Prateek Ladha
Okay. All right, sir. All right. Thank you. Thank you so much for the opportunity and all the best.
Kuldip Singh Rathee
Thank you.
Operator
Thank you. Before we take the next question we would like to remind participants you may press star and one to ask the question. The next question comes from the line of Smith Shah from Monarch Network Capital limited. Please go ahead.
Smith Shah
Good evening sir and team. Congratulations on a good set of numbers despite the challenging environment. So my question is regarding the alloy wheels. Is there any update on the testing completion and whether we have received any confirmed orders?
Kuldip Singh Rathee
No alloy wheels still the testing is going on and we in the last call also we said that before. I think the H2 should know some. And I am quite hopeful that the supply should start in H2 because there is no other news at the moment.
Smith Shah
Okay, okay.
Kuldip Singh Rathee
This is the status on our collaboration with LIHU Taiwan and the tests are going on and on about the status of the other collaboration with Japan. Now in Karoli this year we have already ordered the machines. The investments have almost been done, the advances given and we hope to receive the machines by December. And in January the sample should come and get tested so that we can start supplies in the next financial year.
Smith Shah
Okay, okay. Question is also on the front of the new GV that we have done on the sunroof cables. Can you put some color on the opportunity size that he has? See, it was not a question
Kuldip Singh Rathee
Of opportunity. There are two thoughts were involved when we signed the joint venture. Number one, I like to be one of the first ones to do the import substitution. So all these cables are being imported at the moment. So we’ll be the first one to produce the country. I think that gives me a lot of satisfaction. Number one.
Number two, boarded bore passenger vehicles are now getting the sunroof. They’re coming with the sunroof. So this business will slowly, slowly keep on growing.
And third thing is I’m confident that with our best quality that we’ll be able to export also in future.
Smith Shah
Okay, so, but any number on the market size as such
Kuldip Singh Rathee
Number we have not calculated. It will not be a big number but still it will be very prestigious and good part is that all the sale will be to the passenger vehicle segment where we are not there much.
Smith Shah
Okay, okay, sir. And in terms of capacity, do we have to put up any capacity? And when do we expect the revenues coming in from this?
Kuldip Singh Rathee
The revenue should come in our opinion the next financial year only because I feel we should put up the capacity by the end of this current financial year.
Smith Shah
How much are we investing for this?
Kuldip Singh Rathee
Not much, not much because some of the things are very common with our existing business. And then we will be investing around 10 crores this year.
Smith Shah
Okay, 10 crores.
Kuldip Singh Rathee
We have the land, we have. Building everything we have.
Smith Shah
Okay, so last question being on the capex front what would be the capex for this year and the next year?
Kuldip Singh Rathee
This year we have already announced that we’ll be investing 450 crores. And that’s going on as per the plan. And this capex will ensure that we complete the. We are ready for supplies for the next 18 months. So the whole of FY27 is sorted. And as regards the capex next year is concerned that will be announced in the due course of.
Smith Shah
Okay. Okay. Thank you sir. And all the best.
Kuldip Singh Rathee
And but the good part I may announce again that in spite of investing 450crore we’ll be having a better debt equity ratio and that will be get slightly improved. That’s what we target.
Smith Shah
Okay, thank you. Thank you.
Operator
The next question comes from the line of Sagar Shetty from BP Wealth. Please go ahead.
Sagar Shetty
Yeah. Thank you for the opportunity. So I just wanted to know that given the regulatory acceleration of the government acceleration of ABS adoption across two wheeler models and while we specialize largely in brake shoes in the ABS segment so how do we. How are we assessing the. Are we seeing that as a headwind and how are we planning to you know, assess those headwinds and how are we planning. Is there any strategic initiative you’re planning to take in the new codes?
Kuldip Singh Rathee
See this is a sudden draft notification that everyone received from the government. Nobody was mentally prepared for it. And there are not very many suppliers of ABS in the country and either do they have the full capacities. So all our OE customers, you know they have through CM they have represented to the government that it is not possible.
And since it was a draft notification I think we are waiting to see the results of what the take place. When the final notification comes, maybe in a month or two then only we’ll come to know what the current. What the situation, exact situation is there.
Sagar Shetty
Okay. Thank you sir. So we are not planning for like do we have any plan to expand our disc brake segment or.
Kuldip Singh Rathee
See point is the ABF current capacities of the manufacturers is hardly 10 to 15% of the total requirement. That’s what we could understand in. Interaction with our customers. So they have to gear up. How fast they gear up. What will be the quantum of the business that gets generated? So and we. But the good part is after the draft notification even we have opened discussions with some of the players that what best we can do, what new opportunities we can encash on. Of course there’ll be some if it is implemented in toto, some, some headwinds will be there for us. But then we will compensate through some other new opportunities in the new setup.
Sagar Shetty
Okay, thank you. Thank you so much.
Operator
Thank you. The next question comes from the line of Sivan Mittal from mfc. Please go ahead.
Unidentified Participant
Hello. Hello sir. Thank you for the opportunity. I mean we have two questions lined up. First being in the last coin call, we are guided for the Bangalore facility to reach anywhere between 60 to 70% capacity utilization by end of this quarter of FY26. And we’ve already projecting to reach by 60% in Q2. So by Q4 could we reaffirm that we should reach 70% or at least cross 70%?
Kuldip Singh Rathee
Yes, you are right. This has, this is. We are lucky that it’s already in Q2 will reach 60% capacity utilization. So now I would like to revise the guidance that in Q4 will be at 70 to 75%. Yes, you are right.
Unidentified Participant
And where do you see the main growth coming from, Sir? From the aluminum procession business.
Kuldip Singh Rathee
That plant is only aluminium, you know, aluminum castings with machine.
Unidentified Participant
Okay. And so the second question being on a more long term perspective as we have major capexes planned for the coming three, four years at the Keroli facility and Bangalore facility. Elliot also mentioned we’ll also be investing in a new next plant in Gujarat, Bangalore. So we’ll be having significant operating leverage. So over a conscious, you know, long term budget of three to four years.
In what kind of a term could you see the operating leverage to maximize out and if you could give some color on, you know, what kind of roadmap we set for ourselves for the company.
Kuldip Singh Rathee
So the operating leverage, once the plant gets commissioned and it reaches 60, 70% we almost can start getting the full operating leverage. So all of our plants are doing so well, you know, because these last two plants, when they have become cash, they’ll become cash positive. Then I think we’ll be deriving very good operating leverage right from the next quarter. And so there is a slight little bit because when the very new plant comes, it takes time. You know, all other plants they run at full capacity, almost full capacity.
Unidentified Participant
Thank you. That’s it.
Operator
Thank you. A reminder to all participants, if you wish to ask a question you may press star and 1. The next question comes from the line of Vijay Pandey from Novama. Well, please go ahead.
Vijay Pandey
Thank you sir for taking my questions again. I just wanted to check if you can share the detail about what will be our revenue expectation from Bangalore and from Karobi plant in order to modern the operating leverage growth from these two plants. If you can just share not exact number but even in terms of percentage or range that will be very helpful.
Kuldip Singh Rathee
No, we see our asset turnover in the new plants is 1.75. So. So our only target is to achieve that. That’s what I can tell you. Okay, 1.75 for both Karoli as well as Bangalore. So we have invested 490 crores in Karoli. You know and here will be. We have last till March we had invested 155 crores. And now further we’ll be investing about 75 to 100 crores more. So. So you can imagine that that is the. And 1.75 we have to. We should achieve.
Vijay Pandey
Okay,
Kuldip Singh Rathee
Maybe I’m not saying this fy but of course, certainly. Next Danish.
Vijay Pandey
Thank you sir. Thank you.
Operator
Thank you. The next question comes from the line of name Nitin from JM Financial. Please go ahead.
Nitin
Thanks for the opportunity. Coming back to ABS thing. Assuming that ABS is implemented as in total what would be the impact in terms of number that we are going to have on financials? If you could throw some color on that.
Kuldip Singh Rathee
See Nitin, this is a very hypothetical question that if it is because there are no suppliers who can supply in total. So we would like to wait and watch to comment. However, if you really want to know the numbers the total headwinds are about 230crores which are very nominal and they are into the aluminium segment.
And as I said that this is extreme headwind. Whenever it comes and how many years it comes and there will be new opportunities which will explore and encashe. So it’s very difficult to give that number. But I have told you the worst number.
Nitin
Yeah. So that’s for the entire. That is what the impact that we can have 230 crores a year.
Kuldip Singh Rathee
That is the maximum. That is the maximum. If it is meant hundred percent in total, which we are we. Because all the OEMs are representing. There are only three suppliers in the country of ABS and they don’t have their own capacities. So when they don’t have the capacity to supply, how will the manufacturing take place.
So maybe I can’t say at this moment. That’s why I repeatedly say let the final notification come and maybe in the next quarterly call we’ll have a visibility and we’ll be able to answer much better.
Nitin
Thank you. That’s it from my side.
Operator
Thank you. Before we take the next question, we would like to remind participants you may press STAR and one to ask a question. The next question comes from the line of Manish from mncl. Please go ahead.
Unidentified Participant
Thank you for the opportunity and congratulations on a good set of numbers, sir. So basically my question relates to the previous participant that if the regulation gets implemented, so from a long term point of view, how do we see ourselves positioning here? So if we have any plans or to venture into anti breaking systems and how do we intend to mitigate this?
Kuldip Singh Rathee
That’s what I said. Please let the notification come. I’ll answer all your questions in the next call because by that time I’m very sure the final notification will come and we’ll study it thoroughly. And since we have already done eight collaborations come joint ventures, five collaborations and three joint ventures.
So if it is implemented in total, certainly we’ll be looking for some new joint ventures collaboration.
Unidentified Participant
So a follow up on that question. So is the aftermarket growing faster than the OEMs in the advanced rating for us?
Kuldip Singh Rathee
Yes. Yes, it is growing much faster. This quarter we have grown in double digit.
Unidentified Participant
Oh okay. And my second question is regarding any new components edition that you’re working on the aluminum business side.
Kuldip Singh Rathee
We keep on doing a lot of RFQs always remain in the pipeline. We keep on developing new components. So that’s an ongoing process and that is why this segment is growing at 15%.
Unidentified Participant
Oh, okay. Yeah. Thank you.
Kuldip Singh Rathee
Height of the industry growing at 0.7%.
Unidentified Participant
Great sir. Thank you.
Kuldip Singh Rathee
Thank you.
Operator
Thank you. A reminder to all participants, if you wish to ask a question, you may press STAR and one. As there are no further questions from the participants, I now hand the conference over to Mr. Kuldeep Singh Rakhi from Ask Automotive Limited for closing comments. Please go ahead.
Kuldip Singh Rathee
Thank you everyone for being with us and having such a patient attendance and listening. And thank you for contributing to our thought processes with your very inquisitive questions. And we are very grateful. And in the end, I would only like to say one thing, that our revenue guidance of mid teens is intact for this financial year.
In spite of the sector not doing well and our EBITDA margin, what we have achieved, we will certainly maintain it. I again reiterate. And so I feel the year is going to be good. Thank you very much.
Operator
Thank you. On behalf of AD Factor. That concludes this conference. Thank you for joining us. And you may now disconnect your lines. Thank you.