Automobile Products of India Limited disclosed its unaudited financial results for the quarter and half year ended September 30, 2026, following a board meeting held on October 26, 2026. The meeting commenced at 3:00 PM IST and concluded at 4:00 PM IST.

Financial Performance (Quarter Ended September 30, 2026)

  • Total Income: ₹18.02 lakh (comprising Revenue from Operations: ₹4.25 lakh, Other Income: ₹13.77 lakh)
  • Net Loss Before Tax: ₹46.61 lakh
  • Net Loss After Tax: ₹46.62 lakh
  • Total Comprehensive Loss: ₹46.62 lakh
  • Earnings Per Share (Basic & Diluted): (₹0.75)

Financial Performance (Half Year Ended September 30, 2026)

  • Total Income: ₹39.68 lakh (comprising Revenue from Operations: ₹8.50 lakh, Other Income: ₹31.18 lakh)
  • Net Loss Before Tax: ₹126.15 lakh
  • Net Loss After Tax: ₹126.17 lakh
  • Total Comprehensive Loss: ₹126.17 lakh
  • Earnings Per Share (Basic & Diluted): (₹2.10)

Expenditure Breakdown (Quarter Ended September 30, 2026)

  • Employee benefits expense: ₹13.60 lakh
  • Finance Cost: ₹40.92 lakh
  • Depreciation and Amortisation: ₹0.00
  • BSE Charges: Not specified for current quarter (₹14.99 lakh in previous quarter)
  • Repairs & Maintenance - Building: ₹0.24 lakh
  • Right Issue Expenses: Not specified for current quarter (₹16.64 lakh in previous quarter)
  • Other expenses: ₹9.87 lakh
  • Total Expenses: ₹64.63 lakh

Key Financial Position as at September 30, 2026

  • Equity Share Capital: ₹62.17 lakh
  • Reserves: Negative ₹1,741.10 lakh (indicating complete erosion of net worth)
  • Total Assets: ₹1,121.68 lakh
  • Non-current assets: ₹17.38 lakh
  • Current assets: ₹1,104.30 lakh (including Bank Balances other than Cash: ₹1,086.31 lakh)
  • Non-current liabilities: ₹1,779.66 lakh (primarily Long Term Borrowings: ₹1,775.39 lakh)
  • Current liabilities: ₹1,020.95 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹82.75 lakh
  • Net Cash from Investing Activities: ₹1.77 lakh
  • Net Cash from Financing Activities: ₹80.48 lakh
  • Net Decrease in Cash: ₹0.50 lakh
  • Cash and Cash Equivalents at End: ₹5.62 lakh

Material Developments

1. Going Concern Uncertainty: The statutory auditor's limited review report highlights that the company's net worth has been fully eroded as at September 30, 2026. The company has incurred losses and is dependent upon continued financial support from its Holding Company and promoters for meeting its financial obligations and continuing its operations.

2. Rights Issue Completion: The company completed a Rights Issue on April 28, 2026, pursuant to which 13,99,415 equity shares of ₹1 each were allotted. This increased the public shareholding from 15.29% to 34.36%, achieving compliance with minimum public shareholding requirements under Rule 19A of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Regulatory Compliance: The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made pursuant to Regulations 30 and 33 of SEBI Listing Regulations.

Comparative Figures

  • Previous quarter (June 30, 2026): Net Loss of ₹79.55 lakh
  • Corresponding quarter previous year (September 30, 2025): Net Loss of ₹47.62 lakh
  • Full year previous (March 31, 2026): Net Loss of ₹173.42 lakh (audited)