Unaudited Financial Results for the quarter ended on 30th June, 2025
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Automobile Products of India reported a net loss of Rs. 4.25 lakhs for Q1 FY26 (ended June 30, 2025), a sharp improvement from a loss of Rs. 38.57 lakhs in the same quarter last year. Revenue from operations remained negligible at Rs. 4.25 lakhs, unchanged from prior quarters, while total income was Rs. 21.56 lakhs, mostly from other income (Rs. 17.31 lakhs). Total expenses stood at Rs. 65.94 lakhs, dominated by finance costs (~Rs. 42 lakhs) and employee costs (Rs. 18.36 lakhs). The auditor issued an unqualified limited review report. A key note flagged that the company's net worth is fully eroded, and the holding company has committed to providing financial support to keep it a going concern.
Despite a narrower loss, the company continues to post losses with essentially zero operating revenue, and its net worth is fully wiped out, making it dependent on the holding company for survival. The going concern note is a significant red flag for shareholders, though quarterly losses have narrowed meaningfully.