Automobile Corporation of Goa Limited (ACGL) announced its audited financial results for the quarter ended June 30, 2026 (Q1 FY27) following a Board Meeting held on August 05, 2026. The meeting commenced at 2:00 PM and concluded at 4:00 PM.

Financial Performance Q1 FY27

  • Total Income: ₹252.71 crore (down 3.08% quarter-on-quarter from Q4 FY26's ₹276.30 crore)
  • EBITDA after exceptional item: ₹16.92 crore (EBITDA margin of 6.69%)
  • Profit Before Tax (PBT): ₹15.19 crore (down 50.84% QoQ, PBT margin of 6.01%)
  • Profit for the period: ₹11.22 crore
  • Earnings Per Share (EPS): ₹18.42 (not annualized)
  • Tax expense: ₹39.20 crore (Current tax: ₹39.20 crore, Deferred tax: ₹0.53 crore)

Comparative Financial Performance

| Period | Total Income (₹ Cr) | EBITDA % | PBT % | EPS |

| Q1 FY27 | 252.71 | 6.69% | 6.01% | 18.42 |

| Q4 FY26 | 276.30 | 11.05% | 10.49% | 35.02 |

| Q1 FY26 | 260.75 | 12.35% | 11.85% | 37.90 |

| 12M FY26 | 951.16 | 10.51% | 9.90% | 114.79 |

Operational Highlights

  • Delivered 2,712 bus bodies during Q1 FY27 compared to 2,784 bus bodies in Q1 FY26
  • Marginal year-on-year decline primarily attributable to lower International Business volumes due to ongoing geopolitical situation in the Middle East
  • Domestic business remained stable during the quarter
  • Company continues to focus on operational efficiency and cost optimization

Corporate Action

  • A final dividend of ₹22.50 per equity share of ₹10 each was approved by shareholders at the Annual General Meeting held on July 22, 2026 for FY26
  • Dividend payment date: August 20, 2026
  • Cash outflow impact: ₹13.70 crore (₹1,369.94 lakhs)

Segment-wise Performance (as of June 30, 2026)

The company operates in two business segments:

1. Pressing division - Manufacturing of pressed parts, components, sub-assemblies

2. Bus body building division - Manufacturing of bus bodies and component parts

Segment Revenue (₹ lakhs):

  • Pressing segment: ₹1,936.50 (External: ₹1,936.50, Inter-segment: ₹7.90)
  • Bus body segment: ₹22,957.90
  • Total segment revenue: ₹24,902.30
  • Less inter-segment revenue: ₹7.90
  • Total revenue from operations: ₹24,894.40

Segment Results (₹ lakhs):

  • Pressing segment profit: ₹28.33
  • Bus body segment profit: ₹1,337.56
  • Total segment profit: ₹1,365.89
  • Less finance cost: ₹1.51
  • Less other un-allocable expenditure: (₹154.56)
  • Total profit before tax: ₹1,518.94

Capital Employed (₹ lakhs):

  • Pressing segment: ₹3,009.75
  • Bus body segment: ₹8,595.37
  • Unallocated: ₹20,293.15
  • Total capital employed: ₹31,898.27

Customer Concentration

  • Tata Motors contributed ₹23,335.54 lakhs (93.7% of total revenue) for Q1 FY27
  • Tata Motors is the only party contributing more than 10% to the company's revenue

Labour Code Impact

  • The company disclosed incremental impact of new Labour Codes consisting of gratuity of ₹242.14 lakhs and long-term compensated absences of ₹86.49 lakhs primarily due to change in wage definition
  • This impact was presented as Exceptional Items in FY26 financial results
  • Company continues to monitor finalization of Central/State Rules and government clarifications