Atul Auto Q2 FY27 Results: Consolidated Net Profit ₹6.84 Crore on Total Income of ₹270 Crore
- Earnings
- auto rickshaw manufacturing
Reviewed byKeshav SehgalBlacklitt Research
Atul Auto (NSE: ATULAUTO) reported consolidated total income of ₹270 crore and consolidated net profit of ₹7 crore for the quarter ended 30 Sep 2026, it said in a filing on 31 Oct 2026. Standalone total income was ₹262 crore and standalone net profit ₹7 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹270 crore, up 34.7% YoY and 23.0% QoQ
- Net profit: ₹7 crore, down 17.3% YoY and 14.9% QoQ; attributable to owners ₹6.69 crore
- EPS: ₹2.41 basic, against ₹3.30 a year earlier
- Finance costs: ₹2.05 crore, against ₹2.64 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹262 crore, up 37.7% YoY and 25.4% QoQ
- Net profit: ₹7 crore, down 43.6% YoY and up 2.1% QoQ
- EPS: ₹2.48 basic, against ₹4.39 a year earlier
- Sales: 11,916 three wheelers, against 9,248 a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 270 | 201 | +34.7% | 220 | +23.0% | |
| Revenue from operations | 268 | 200 | +34.0% | 218 | +22.8% |
| Other income | 2 | 0 | +397.4% | 1 | +45.4% |
| 7 | 8 | -17.3% | 8 | -14.9% | |
| Profit before tax | 9 | 12 | -22.5% | 11 | -16.5% |
| Finance costs | 2 | 3 | -22.3% | 3 | -24.9% |
| Depreciation | 5 | 5 | +3.4% | 5 | +3.0% |
| Tax expense | 2 | 3 | -35.4% | 3 | -21.2% |
| Net profit margin | 2.53% | 4.12% | -1.59 pp | 3.66% | -1.13 pp |
| EPS, basic (₹) | 2.41 | 3.30 | -27.0% | 2.86 | -15.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Income grew faster than profit. Consolidated total income rose 34.7% YoY to ₹270 crore, but net profit fell 17.3% to ₹7 crore. Profit before tax fell 22.5%, a steeper fall than the net profit line, while tax expense fell 35.4%. Net profit attributable to owners of the company was ₹6.69 crore, against ₹9.17 crore in the year-ago quarter, a fall of about 27%.
Other income is small but has risen sharply. Other income of ₹1.89 crore is 21.0% of profit before tax of ₹8.99 crore. The filing lists mutual fund income of ₹60 lakh and subvention income of ₹76 lakh within it. Finance costs of ₹2.05 crore are 0.7% of total income, against ₹2.64 crore a year earlier.
The Non Banking Financial Business segment made a loss before tax of ₹24 lakh in the quarter, against a profit of ₹1.76 crore in the year-ago quarter. The filing does not give the reason for the swing.
The auditor, Maharishi & Co., gave an unmodified limited review conclusion. Its emphasis of matter draws attention to Note 7, which restates the year-ago figures for the slump sale of the EV L5 Division from subsidiary Atul Greentech Private Limited, effective 15 Jan 2026, under the pooling-of-interest method.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 262 | 191 | +37.7% | 209 | +25.4% | |
| Revenue from operations | 259 | 189 | +37.4% | 207 | +25.4% |
| Other income | 3 | 2 | +70.3% | 2 | +29.1% |
| 7 | 12 | -43.6% | 7 | +2.1% | |
| Profit before tax | 9 | 16 | -42.9% | 9 | +2.1% |
| Finance costs | 0 | 0 | +118.2% | 0 | -22.6% |
| Depreciation | 4 | 4 | +3.8% | 4 | +3.0% |
| Tax expense | 2 | 4 | -40.6% | 2 | +2.2% |
| Net profit margin | 2.62% | 6.39% | -3.77 pp | 3.22% | -0.60 pp |
| EPS, basic (₹) | 2.48 | 4.39 | -43.5% | 2.43 | +2.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone profit fell faster than income in the year-on-year comparison. Total income rose 37.7% to ₹262 crore, while net profit fell 43.6% to ₹7 crore and profit before tax fell 42.9% to ₹9 crore. Standalone exceptional items are nil for the quarter.
Against the previous quarter, standalone net profit rose 2.1% while total income rose 25.4%. Standalone EPS of ₹2.48 is 43.5% below the year-ago ₹4.39. Standalone other income of ₹3 crore is 1.1% of total income, and finance costs are negligible at under ₹1 crore.
The standalone cash flow statement shows an investment in a subsidiary of ₹18.34 crore in the half year, and a dividend paid of ₹8.33 crore. The filing does not state a dividend declaration for the period.
Inference
The filing reports ₹8.33 crore of dividend paid in the half year ended 30 Sep 2026, and ₹18.34 crore invested in a subsidiary company on a standalone basis. Paid-up equity share capital is ₹13.88 crore, with a face value of ₹5 per share.
The filing does not state the reason for the fall in consolidated profit attributable to owners, the reason for the segment loss, or whether a dividend has been declared for the period and its record date.
The effect of the restatement on the year-ago quarter figures, in amounts, is not stated in the filing.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
