Total expenses rose 5.16% year-on-year to Rs 507.72 crore in the quarter ended 31 December 2025. Cost of materials consumed stood at Rs 385.22 crore (up 5.02% YoY), while employee expenses came in at Rs 40.08 crore (up 15.83% YoY).

On a nine-month basis, the company’s net profit declined 0.79% to Rs 110.48 crore, while revenue from operations slipped 0.29% year-on-year to Rs 1,513.43 crore in 9M FY26, compared with 9M FY25.

Based on the recommendations of the nomination and remuneration committee and the audit committee, Raman K, senior general manager – finance, has been appointed as interim chief financial officer (key managerial personnel) with effect from 4 February 2026, until a new chief financial officer is appointed by the board. Raman K is a seasoned finance professional currently serving as senior general manager – finance at the company.

Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of rear drive axle assemblies in India. The company has also expanded its footprint in North India with its plants at Pantnagar and Jamshedpur.