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.