Automotive Stampings and Assemblies Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
Automotive Stampings and Assemblies Limited (a Tata Group company) has resubmitted its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results in machine-readable format after the original July 24, 2025 filing had some non-readable pages. Revenue from operations fell to ₹17,306.84 lakhs from ₹19,194.56 lakhs in Q1 FY25, a decline of about 9.8% year-on-year. Net profit dropped sharply to ₹253.85 lakhs from ₹399.30 lakhs in Q1 FY25, a fall of around 36%. Sequentially, profit came down from ₹493.50 lakhs in Q4 FY25. EPS for the quarter stood at ₹1.60. Auditors B S R & Co. LLP gave an unmodified limited review report. The company noted that its current liabilities exceed current assets by ₹8,618.66 lakhs, but expects to meet obligations with support from its holding company.
Weak quarterly performance with both revenue and profit declining year-on-year and sequentially, likely negative for the stock in the short term. The current liabilities exceeding current assets is a flag, though the Tata parentage provides comfort on going concern.