Please find enclosed Audited Financial Results for the Quarter and Financial Year ended March 31, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Automobile Products of India Limited reported total income of Rs 80.80 lakhs for FY2026, marginally lower than Rs 84.15 lakhs in the previous year. The company continues to incur significant losses with a net loss of Rs 173.42 lakhs, though this is an improvement from Rs 189.95 lakhs loss in FY2025. Revenue from operations remained flat at Rs 17.00 lakhs. Finance costs are substantial at Rs 142.87 lakhs relative to total income. The company's net worth has been completely eroded with negative equity of Rs 1,566.75 lakhs. The auditors issued an unmodified opinion but included an Emphasis of Matter drawing attention to the going concern basis of preparation, noting the Holding Company has committed to provide financial support. A rights issue of 13,99,415 equity shares was completed in April 2026 to address minimum public shareholding compliance.
The company faces severe financial distress with negative net worth and persistent losses. However, the completed rights issue and Holding Company's financial support assurance provide some lifeline. Shareholders should monitor closely as the going concern assumption hinges entirely on parent company support.