Atlas Cycles (Haryana) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
ATLASCYCLE · price
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Atlas Cycles (Haryana) Limited reported a sharp deterioration in Q1 FY26 (quarter ended June 30, 2025) results. Revenue from operations fell to Rs. 198.27 lakhs from Rs. 238.94 lakhs in the year-ago quarter, a decline of roughly 17%. The company swung from a profit of Rs. 45.74 lakhs in Q1 FY25 to a net loss of Rs. 158.38 lakhs, translating to a loss per share of Rs. 2.44 versus earnings of Rs. 0.83 earlier. Total expenses rose to Rs. 372.09 lakhs while total income dropped to Rs. 213.71 lakhs, reflecting both weaker operations and reduced other income. The statutory auditor (Dinesh Nangru & Co.) issued a modified review report, flagging that the company has not provided for interest on overdue MSME and other creditor payments, defaulted on an inter-corporate loan, and understated losses by approximately Rs. 24.75 lakhs due to missing reconciliations.
The combination of a swing to losses, falling revenue, and an auditor's modified report flagging unreconciled creditor balances and loan defaults signals serious financial stress and is likely to weigh negatively on investor confidence and the stock price in the near term.