Key Financial Figures - Quarter Ended September 30, 2026

Income Statement:

  • Revenue from operations: ₹166.63 lakh
  • Other income: ₹4.75 lakh
  • Total income: ₹171.38 lakh
  • Total expenses: ₹356.40 lakh
  • Loss before exceptional items and tax: ₹185.02 lakh
  • Net loss for the period: ₹185.02 lakh
  • Total comprehensive loss for the period: ₹185.02 lakh

Earnings Per Share:

  • Basic EPS: -₹2.84
  • Diluted EPS: -₹2.84

Key Financial Figures - Half Year Ended September 30, 2026

Income Statement:

  • Revenue from operations: ₹320.20 lakh
  • Other income: ₹4.75 lakh
  • Total income: ₹324.95 lakh
  • Total expenses: ₹701.99 lakh
  • Loss before exceptional items and tax: ₹377.04 lakh
  • Net loss for the period: ₹377.04 lakh
  • Total comprehensive loss for the period: ₹377.04 lakh

Earnings Per Share:

  • Basic EPS: -₹5.80
  • Diluted EPS: -₹5.80

Balance Sheet as at September 30, 2026

Assets:

  • Non-current assets: ₹46,230.73 lakh
  • Property, plant and equipment: ₹42,212.19 lakh
  • Other financial assets: ₹2,709.01 lakh
  • Other non-current assets: ₹308.74 lakh
  • Current assets: ₹48,211.33 lakh
  • Inventories: ₹193.70 lakh
  • Trade receivables: ₹318.43 lakh
  • Cash and cash equivalents: ₹233.08 lakh
  • Bank balance other than cash equivalents: ₹41,718.69 lakh
  • Other current assets: ₹2,980.60 lakh
  • Total assets: ₹94,442.06 lakh

Equity and Liabilities:

  • Equity share capital: ₹325.19 lakh
  • Other equity: ₹37,249.04 lakh
  • Total equity: ₹37,574.23 lakh
  • Non-current liabilities: ₹6,358.70 lakh
  • Financial liabilities: ₹900.00 lakh
  • Borrowings: ₹5,428.82 lakh
  • Other financial liabilities: ₹29.88 lakh
  • Current liabilities: ₹50,509.10 lakh
  • Borrowings: ₹3,940.82 lakh
  • Other financial liabilities: ₹41.04 lakh
  • Other current liabilities: ₹296.54 lakh
  • Provisions: ₹4,278.40 lakh
  • Total liabilities: ₹56,867.80 lakh

Cash Flow Statement for Half Year Ended September 30, 2026

  • Net cash used in operating activities: ₹(44.22) lakh
  • Net cash from investing activities: ₹0.00 lakh
  • Net cash used in financing activities: ₹(0.22) lakh
  • Net decrease in cash and cash equivalents: ₹(44.44) lakh
  • Cash and cash equivalents at beginning of year: ₹277.52 lakh
  • Cash and cash equivalents at end of period: ₹233.08 lakh

Auditor's Review Report

The statutory auditors, Dinesh Nangru & Co., issued a modified review report with the following qualifications:

1. The company has not provided for interest on overdue outstanding payments to creditors, including MSMEs, and on suits filed by creditors in different courts. The exact quantum of liability is not ascertainable in the absence of reconciliations with suppliers and balance confirmations.

2. The company has defaulted in repayment of an Inter Corporate Loan within the stipulated time as per agreed terms and has not provided for interest liability on the same for the half year ended 30.09.2026. The company has understated losses by ₹49.50 lakh.

Additional Information

  • The company operates in one reportable segment: Cycles
  • The company did not have any Subsidiary, Associate or Joint Venture entities during the reporting period
  • The financial results have been reviewed by the Audit Committee and approved by the Board of Directors
  • Previous period figures have been regrouped/rearranged/reclassified wherever necessary
  • The financial results can be accessed on the company website at www.atlasbicycles.com