Key Financial Figures - Standalone (Rs. in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Three-wheeler sales volume: 11,916 units (vs 9,248 units in Q2 FY26)
  • Total Revenue from Operations: ₹25,942 (vs ₹18,880 in Q2 FY26)
  • Other Income: ₹293 (vs ₹172 in Q2 FY26)
  • Total Income: ₹26,235 (vs ₹19,052 in Q2 FY26)
  • Profit Before Tax: ₹920 (vs ₹1,610 in Q2 FY26)
  • Tax Expense: ₹233 (vs ₹392 in Q2 FY26)
  • Net Profit: ₹687 (vs ₹1,218 in Q2 FY26)
  • Basic & Diluted EPS: ₹2.48 (vs ₹4.39 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Three-wheeler sales volume: 21,794 units (vs 16,177 units in H1 FY26)
  • Total Revenue from Operations: ₹46,635 (vs ₹33,183 in H1 FY26)
  • Other Income: ₹520 (vs ₹311 in H1 FY26)
  • Total Income: ₹47,155 (vs ₹33,494 in H1 FY26)
  • Profit Before Tax: ₹1,821 (vs ₹2,282 in H1 FY26)
  • Tax Expense: ₹461 (vs ₹560 in H1 FY26)
  • Net Profit: ₹1,360 (vs ₹1,722 in H1 FY26)
  • Basic & Diluted EPS: ₹4.90 (vs ₹6.21 in H1 FY26)

Standalone Balance Sheet Position as of September 30, 2026:

  • Total Assets: ₹63,274 lakhs
  • Equity Share Capital: ₹1,388 lakhs
  • Other Equity: ₹46,192 lakhs
  • Total Equity: ₹47,580 lakhs
  • Non-current Liabilities: ₹1,726 lakhs
  • Current Liabilities: ₹13,968 lakhs

Standalone Cash Flow for H1 FY27:

  • Cash Flow from Operating Activities: ₹501 lakhs
  • Cash Flow from Investing Activities: (₹1,383) lakhs
  • Cash Flow from Financing Activities: (₹865) lakhs
  • Net Decrease in Cash: (₹1,747) lakhs
  • Cash & Cash Equivalents at period end: ₹203 lakhs

Key Financial Figures - Consolidated (Rs. in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Total Revenue from Operations: ₹26,831 (vs ₹20,017 in Q2 FY26)
  • Other Income: ₹189 (vs ₹38 in Q2 FY26)
  • Total Income: ₹27,020 (vs ₹20,055 in Q2 FY26)
  • Profit Before Tax: ₹899 (vs ₹1,160 in Q2 FY26)
  • Tax Expense: ₹215 (vs ₹333 in Q2 FY26)
  • Net Profit: ₹684 (vs ₹827 in Q2 FY26)
  • Basic & Diluted EPS: ₹2.41 (vs ₹3.30 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Total Revenue from Operations: ₹48,674 (vs ₹35,295 in H1 FY26)
  • Other Income: ₹319 (vs ₹66 in H1 FY26)
  • Total Income: ₹48,993 (vs ₹35,361 in H1 FY26)
  • Profit Before Tax: ₹1,976 (vs ₹1,485 in H1 FY26)
  • Tax Expense: ₹488 (vs ₹452 in H1 FY26)
  • Net Profit: ₹1,488 (vs ₹1,033 in H1 FY26)
  • Basic & Diluted EPS: ₹5.27 (vs ₹4.37 in H1 FY26)

Consolidated Balance Sheet Position as of September 30, 2026:

  • Total Assets: ₹79,982 lakhs
  • Equity Share Capital: ₹1,388 lakhs
  • Other Equity: ₹47,558 lakhs
  • Non-controlling Interest: ₹687 lakhs
  • Total Equity: ₹49,633 lakhs
  • Non-current Liabilities: ₹4,433 lakhs
  • Current Liabilities: ₹25,916 lakhs

Consolidated Cash Flow for H1 FY27:

  • Cash Flow from Operating Activities: ₹3,174 lakhs
  • Cash Flow from Investing Activities: ₹1,182 lakhs
  • Cash Flow from Financing Activities: (₹4,455) lakhs
  • Net Decrease in Cash: (₹99) lakhs
  • Cash & Cash Equivalents at period end: ₹2,261 lakhs

Segment Information

The company operates in two business segments:

1. Automobiles Business

2. Non-Banking Financial Business

H1 FY27 Segment Performance:

  • Automobiles Business Revenue: ₹46,454 lakhs
  • Non-Banking Financial Business Revenue: ₹2,595 lakhs
  • Automobiles Business Profit Before Tax: ₹1,805 lakhs
  • Non-Banking Financial Business Profit Before Tax: ₹171 lakhs

Subsidiary Companies Included in Consolidation:

1. Atul Green Automotive Private Limited (100% owned)

2. Atul Greentech Private Limited (79.39% owned)

3. Atulease Private Limited (80.00% owned)

4. Khushbu Auto Finance Limited (100% owned)

Auditor Review

The financial results were reviewed by statutory auditors M/s. Maharishi & Co. (Firm Registration No. 12487), who issued a limited review report stating that nothing has come to their attention causing them to believe the statements contain any material misstatement.

Emphasis of Matter

The auditors drew attention to Note 7 regarding restated figures for the quarter and half year ended September 30, 2025, consequent to the slump sale acquisition of the EV L5 Division from subsidiary Atul Greentech Private Limited with effect from January 15, 2026. This business combination of entities under common control has been accounted for using the pooling-of-interest method prescribed under Appendix C of Ind AS 103.

Dividend Declaration

The Board declared an interim dividend of ₹3 per share (face value of ₹5 each).