Atlas Cycles Q2 FY26 posts net loss of Rs 238.69 lakh, qualified auditor review
ATLASCYCLE · price
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Atlas Cycles posted a Q2 FY26 net loss of Rs 238.69 lakh vs profit of Rs 871.79 lakh a year ago. Revenue fell to Rs 195.27 lakh from Rs 369.70 lakh. H1 loss was Rs 397.07 lakh. Auditor issued a modified review flagging non-provisioning of interest on MSME creditors and an inter-corporate loan default, understating losses by about Rs 49.5 lakh. CFO Chander Mohan Dhall resigned and was named CEO; Satya Prakash Dangwal is new CFO.
Sharp loss, falling revenue, and a qualified auditor review flag MSME payment defaults and understated liabilities. New CEO and CFO appointed.