Interim report
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* Automotive Axles Limited 5th August 2026 The BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Scrip Code : 505010 National Stock Exchange of India Limited Exchange Plaza , Plot No. C / 1 , G- Block Bandra ( E ) Mumbai 400 051 Scrip Symbol : AUTOAXLES Attn : Listing Department Dear Sir / Madam , Sub : Outcome of the Board Meeting and Disclosure under Regulation 30 and Regulation 33 of SEBI ( LODR ) Regulations , 2015 . We wish to inform you that the Board of Directors of the Company at their Meeting held today , i.e. , Wednesday , 5th August 2026 inter alia , have approved the Unaudited Financial Results for the Quarter ended on 30th June 2026 . The ' Limited Review Report ' issued by M / s S R Batliboi & Associates LLP , Statutory Auditors of the Company in respect of the said ' Results ' , is also enclosed . The Board Meeting started at 03.45 PM ( IST ) and concluded at 06:00 PM ( IST ) . The above information is also available on the Company's Website at www.autoaxle.com . You are requested to take the same on record . Thanking you Yours Truly , For Automotive Axles Limited Debadas Panda Company Secretary & Compliance Officer Encl : as above Regd . Office & Mysuru Unit : Hootagalli Industrial Area , Off Hunsur Road , Mysuru - 570 018 , Karnataka , INDIA . + 91-821-719 7500 info@autoaxle.com www.autoaxle.com CIN : L51909KA1981PLC004198 ISO 9001 : 2015 / IATF 16949 : 2016 , EMS : ISO : 14001 : 2015 & OHSAS : ISO : 45001 : 2018
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Digitally signed by Pradip Agarwal DN: cn=Pradip Agarwal, c=IN, o=Personal Date: 2026.08.05 17:58:10 +05'30' Pradip Agarwal S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 12th Floor "UB City" Canberra Block No. 24, Vittal Mallya Road Bengaluru - 560 001. India Tel : +91 80 6648 9000 Independent Auditor's Review Report on the Quarterly Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Automotive Axles Limited 1. We have reviewed the accompanying statement of unaudited financial results of Automotive Axles Limited (the "Company") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. BA TLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 per Pradip Agarwal Partner Membership No.: 065537 UDIN: 2606553 7 A WXPRQ5180 Place: Bangalore Date: August 05, 2026 S.R. Batliboi & Associates LLP, a Limited liability Partnership with LLP Identity No. AAB-4295 Regd. Office : 22. Camac Street, Block ·s·, 3rd Floor. Kolkata-700 016
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For the year ended SL 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (Unaudited) (Audited) Refer note 4 (Unaudited) (Audited) Income I Revenue from operations 5,168.21 6,642.99 4,893.76 21,777.29 II Other income 103.46 55.15 91.66 321.80 III Total income (I + II) 5,271.67 6,698.14 4,985.42 22,099.09 IV Expenses a) Cost of raw materials consumed 3,846.31 4,226.63 3,456.76 14,538.17 b) Changes in inventories of finished goods and work-in- progress (505.88) 292.10 (140.52) 169.57 c) Employee benefits expense 415.69 473.57 346.24 1,592.73 d) Finance costs 4.19 4.20 3.94 15.68 e) Depreciation and amortisation expense 85.47 97.92 85.06 358.93 f) Other expenses 813.09 880.49 752.59 3,106.19 Total expenses 4,658.87 5,974.91 4,504.07 19,781.27 V Profit before exceptional items and tax (III - IV) 612.80 723.23 481.35 2,317.82 VI Exceptional Items - Expense (Refer note 6) - - - 119.87 VII Profit before tax (V-VI) 612.80 723.23 481.35 2,197.95 VIII Tax expense : a) Current tax 149.75 178.92 127.94 573.77 b) Deferred tax 7.09 5.37 (3.80) (19.57) Total tax expense 156.84 184.29 124.14 554.20 IX Profit for the period / year (VII - VIII) 455.96 538.94 357.21 1,643.75 X Other comprehensive income a) Items that will not be reclassified to profit or loss in subsequent periods: i) Remeasurements gain/(loss) of the defined benefit plan (5.28) 26.10 (3.32) (19.17) ii) Tax on remeasurement of the defined benefit plan 1.33 (6.57) 0.83 4.82 Total other comprehensive income/(loss), net of tax (3.95) 19.53 (2.49) (14.35) XI Total comprehensive income for the period /year,net of tax (IX+X) 452.01 558.47 354.72 1,629.40 XII Paid up share capital (face value of Rs. 10/- each) 151.12 151.12 151.12 151.12 XIII Other equity 10,836.58 XIV Earnings per equity share (EPS) (Nominal value of share Rs. 10/- ) (Not annualised in case of interim periods) Basic and Diluted 30.17 35.66 23.64 108.77 Notes: 1 2 3 4 5 6 Place : Pune For and on behalf of the Board of Directors of Date: August 05, 2026 Automotive Axles Limited Nagaraja Gargeshwari Whole Time Director DIN: 00839616 On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the IndustrialRelations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code,2020, which consolidate twenty- nine existing labour laws into a unified framework governing employeebenefit during employment and post employment. The Labour Codes, amongst other things introduces changes, including a uniform definition of wages and enhanced benefits relating to leave. The Company has assessed the financial implications ofthese changes which has resulted in increase in gratuity liability arising out of past service cost and increase in leave liability byINR 119.87 million. Considering the impact arising out of an enactment of the new legislation is an event of non-recurringnature, the Company has presented this incremental amount under in the Statement of Profit and Loss forthe year ended March 31, 2026. The Company continues to monitor the developments pertaining to Labour Codes andwill evaluate impact if any on the measurement of liability pertaining to employee benefits in the ensuing quarters. Segment information:In line with the provisions of Ind AS 108 - Operating Segments, Chief Operating Decision Maker(CODM) reviews the operations of the Company as a manufacturer of Automotive Components, which is considered to be theonly reportable segment by the management. Accordingly, no separate disclosure of segment information has been made. The figures for the quarter ended March 31, 2026 is the balancing figures between the audited figures in respect of thefull financial year and the published unaudited year to date figures of nine months ended December 31, 2025. The Company has no subsidiary/associate/joint venture company(ies), as on June 30, 2026 in accordance with Ind AS. These financial results have been prepared in accordance with the recognition and measurement principles laid down inIndian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 as amended, read withthe relevant rules issued thereunder and in terms of Regulations 33 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, as amended (the "Listing Regulations"). Particulars For the three months ended The above audited financial results were reviewed by the Audit Committee at the meeting held on August 4, 2026and approved by the Board of Directors at the meeting held on August 5, 2026. (Amount in Rupees Millions, except for share data) AUTOMOTIVE AXLES LIMITED (IATF 16949 Company) Regd. Office : Hootagalli Industrial Area, Off Hunsur Road, Mysuru 570 018 CIN : L51909KA1981PLC004198 Statement of Unaudited Financial Results for the quarter ended June 30, 2026 ("Ind AS") ('Labour Codes') "Exceptional Item "