Atlas Cycles (Haryana) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
ATLASCYCLE · price
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Atlas Cycles reported a net loss of Rs 803.62 lakh for FY2026 against a profit of Rs 951.26 lakh in FY2025, a dramatic turnaround. Total income collapsed to Rs 716.30 lakh from Rs 2,876.79 lakh, indicating a ~75% revenue decline. The company defaulted on repayment of an inter-corporate loan and has not recognized Rs 5.94 crore in accumulated interest liability. The statutory auditor issued a Qualified Opinion — the sixth consecutive year of qualifications. Key issues include unreconciled creditor balances, non-recognition of deferred tax, unpaid audit fees understated by Rs 22.83 lakh, and FEMA non-compliance on export receivables of Rs 48.94 lakh. Cash flow from operations was positive at Rs 189.24 lakh, but the balance sheet shows total equity of Rs 37,951.27 lakh largely offset by total assets of Rs 48,263.57 lakh.
This is a severely negative result. The company swung from profit to heavy loss, faces a qualified audit opinion for the sixth straight year, and has defaulted on debt obligations. The repeated auditor qualifications indicate deep-rooted governance and compliance issues that make this stock high-risk for investors.