Automotive Axles lifts margin as Q2 revenue grows 28.20% sequentially
Expenses grew slower than revenue, but other income still contributed 10.41% of pre-tax profit.
Filed 12 Nov 2026, 18:42 IST · after market close · Automotive Axles Ltd (AUTOAXLES)
Key takeaways
- Standalone revenue grew +28.20% sequentially to Rs 662.55 cr, while expenses rose +26.92%, lifting operating margin by 0.88 percentage points.
- Standalone net profit increased +31.86% sequentially to Rs 60.13 cr, despite other income contributing 10.41% of profit before tax.
- Operating margin at 12.47% was 1.24 percentage points above the 11.23% median for 329 reported Consumer Discretionary peers.
Price around the results
Revenue growth outpaced costs in Q2FY27
Automotive Axles reported standalone revenue growth of +28.20% sequentially, while expenses increased +26.92%. That gap supported a +37.95% rise in operating profit and a +31.86% increase in net profit to Rs 60.13 cr. EPS rose +31.89% sequentially to Rs 39.79.
Margin improved, with other income still material
Operating margin expanded by 0.88 percentage points to 12.47% because expenses grew slower than revenue. Interest increased +9.52% and depreciation rose +15.32% sequentially, partly offsetting the operating improvement. Other income of Rs 8.40 cr represented 10.41% of profit before tax, while the tax rate fell by 0.10 percentage points to 25.49%.
Margin remained above the peer median
The company’s 12.47% operating margin was 1.24 percentage points above the 11.23% median among 329 Consumer Discretionary companies that had reported the quarter. This was an improvement from 11.59% in Q1FY27, although the available trend covers only one preceding quarter.
Results were filed after market close
The standalone results were filed at 18:42 IST on 12 November 2026, after the market close. No post-results stock reaction is available yet, so the market response cannot be compared with the stock’s prior results-day pattern.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹663 cr | ₹517 cr | +28.20% |
| Other income | ₹8 cr | ₹10 cr | -18.84% |
| Expenses | ₹580 cr | ₹457 cr | +26.92% |
| Operating profit | ₹83 cr | ₹60 cr | +37.95% |
| Operating margin (%) | 12.47% | 11.59% | — |
| Interest | ₹0 cr | ₹0 cr | +9.52% |
| Depreciation | ₹10 cr | ₹9 cr | +15.32% |
| Profit before tax | ₹81 cr | ₹61 cr | +31.71% |
| Tax | ₹21 cr | ₹16 cr | +31.19% |
| Net profit | ₹60 cr | ₹46 cr | +31.86% |
| EPS (₹) | ₹39.79 | ₹30.17 | +31.89% |
Operating margin of 12.47% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 12.47% after the 0.88-percentage-point sequential improvement.
- Whether other income remains below or above its Q2 contribution of 10.41% of profit before tax.