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Atlas Cycles (Haryana) Q2 FY27 results: net loss narrows to ₹1.85 crore, revenue down 14.4%
Atlas Cycles (Haryana) Limited reported standalone revenue of ₹1.67 crore and a net loss of ₹1.85 crore for Q2 FY27. Revenue fell from ₹1.95 crore a year earlier but rose from ₹1.54 crore in Q1 FY27, while the EBITDA margin improved to -87.4%.
Key points
- Q2 FY27 standalone revenue was ₹1.67 crore, down 14.4% from ₹1.95 crore in Q2 FY26 and up 8.4% from ₹1.54 crore in Q1 FY27.
- The company reported an EBITDA loss of ₹1.46 crore and an EBITDA margin of -87.4% in Q2 FY27.
- Net loss was ₹1.85 crore in Q2 FY27, compared with a net loss of ₹2.39 crore in Q2 FY26 and ₹1.92 crore in Q1 FY27.
- H1 FY27 revenue was ₹3.2 crore, down 18.8% from ₹3.94 crore in H1 FY26, while the net loss narrowed to ₹3.77 crore from ₹3.97 crore.
- Operating cash flow was negative ₹0.44 crore in H1 FY27, against positive ₹0.49 crore in H1 FY26.
How did Atlas Cycles (Haryana) perform in Q2 FY27?
Atlas Cycles (Haryana) reported standalone revenue of ₹1.67 crore in Q2 FY27, down 14.4% from ₹1.95 crore in Q2 FY26 and up 8.4% from ₹1.54 crore in Q1 FY27. Total income was ₹1.71 crore, compared with ₹1.97 crore a year earlier and ₹1.54 crore in the previous quarter. The company operates only in the Cycles segment and reported no subsidiary, associate or joint venture during the reporting period.
The EBITDA loss narrowed to ₹1.46 crore in Q2 FY27 from ₹1.96 crore in Q2 FY26 and ₹1.48 crore in Q1 FY27. The EBITDA margin improved to -87.4%, compared with -100.4% in Q2 FY26 and -96.4% in Q1 FY27. Profit before tax and net loss were each ₹1.85 crore, compared with ₹2.39 crore in Q2 FY26 and ₹1.92 crore in Q1 FY27; basic EPS was -₹2.84.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1.67 | 1.54 | 1.95 | −14.4% | +8.4% |
| Other income | 0.05 | 0 | 0.01 | +400.0% | |
| Total expenses | 3.56 | 3.46 | 4.35 | −18.2% | +2.9% |
| EBITDA | −1.46 | −1.48 | −1.96 | ||
| EBITDA margin | -87.4% | -96.4% | -100.4% | +13.0 pp | +9.0 pp |
| Profit before tax | −1.85 | −1.92 | −2.39 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −1.85 | −1.92 | −2.39 | ||
| EPS (₹) | −2.84 | −2.95 | −3.67 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Atlas Cycles (Haryana)'s costs and profit?
Total expenses fell to ₹3.56 crore in Q2 FY27 from ₹4.35 crore in Q2 FY26, a decline of 18.2%, and were higher than ₹3.46 crore in Q1 FY27. Cost of materials consumed fell by ₹0.17 crore to ₹1.66 crore from ₹1.83 crore, while other expenses fell by ₹0.65 crore to ₹0.92 crore from ₹1.57 crore. Employee benefit expenses rose by ₹0.03 crore to ₹0.54 crore from ₹0.51 crore; depreciation and finance costs were unchanged. The filing gives no further explanation for the changes.
Other income increased to ₹0.05 crore in Q2 FY27 from ₹0.01 crore in Q2 FY26 and ₹0 crore in Q1 FY27. There was no exceptional item in either comparison period, and tax expense was unchanged. The narrowing in EBITDA loss was ₹0.50 crore year on year and ₹0.02 crore sequentially, while the net loss narrowed by ₹0.54 crore and ₹0.07 crore, respectively.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1.66 | 1.83 | −0.17 | −9.3% |
| Employee cost | 0.54 | 0.51 | +0.03 | +5.9% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.44 | 0.44 | 0 | +0.0% |
| Other expenses | 0.92 | 1.57 | −0.65 | −41.4% |
| Total expenses | 3.56 | 4.35 | −0.79 | −18.2% |
| Other income | 0.05 | 0.01 | +0.04 | +400.0% |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Atlas Cycles (Haryana) reported standalone revenue of ₹3.2 crore, down 18.8% from ₹3.94 crore in H1 FY26. Total income fell to ₹3.25 crore from ₹4.1 crore, while profit before tax and net loss were each ₹3.77 crore, compared with ₹3.97 crore in the earlier first half. Basic EPS was -₹5.80, compared with -₹6.11.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3.20 | 3.94 | −18.8% |
| Profit before tax | −3.77 | −3.97 | |
| Net profit | −3.77 | −3.97 | |
| EPS (₹) | −5.80 | −6.11 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹482.11 crore, down from ₹482.64 crore at 31 March 2026, and total equity was ₹375.74 crore, down from ₹379.51 crore. Borrowings were unchanged at ₹9 crore, while cash declined to ₹2.33 crore from ₹2.78 crore. Inventories fell to ₹1.94 crore from ₹2.06 crore, trade receivables were ₹3.18 crore against ₹3.18 crore, and trade payables fell to ₹39.41 crore from ₹45.26 crore.
Net cash used in operating activities was ₹0.44 crore in H1 FY27, against net cash generated of ₹0.49 crore in H1 FY26. Investing cash flow was ₹0 crore, and financing cash flow was negative ₹0.0 crore in H1 FY27; capital expenditure was ₹0 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 482.11 | 482.64 |
| Total equity | 375.74 | 379.51 |
| Borrowings | 9 | 9 |
| Cash and equivalents | 2.33 | 2.78 |
| Inventories | 1.94 | 2.06 |
| Trade receivables | 3.18 | 3.18 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.44 | 0.49 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Atlas Cycles (Haryana) done over the last 8 quarters?
Revenue in the latest quarter rose to ₹1.67 crore from ₹1.54 crore in Q1 FY27, after bottoming at ₹1.45 crore in Q4 FY26; over the same period, the quarterly peak was ₹3.67 crore in Q4 FY25. The net loss improved to ₹1.85 crore from ₹1.92 crore in Q1 FY27, but remained wider than the ₹1.5 crore loss reported in Q3 FY26. The EBITDA margin moved to -87.4% from -96.4%.
How did Atlas Cycles (Haryana) shares react?
On the reaction day, the stock's 0.6% fall was 0.6 percentage points below the Consumer Durables industry median, which was -0.0%. By the next day's close, the stock was 1.6 percentage points below the industry median of 0.3%, and the five-session gap was 1.3 percentage points. Earlier reaction-day moves were 1.2% on 12 August 2026, -0.9% on 14 May 2026 and -5.4% on 16 January 2026.
| After the filing | Stock | Consumer Durables median |
|---|---|---|
| 15 minutes | +0.2% | |
| 30 minutes | −0.1% | |
| Reaction day | −0.6% | −0.0% |
| Next day | −1.3% | +0.3% |
| 5 days | −0.1% | +1.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 12 August 2026 | +1.2% |
| 14 May 2026 | −0.9% |
| 16 January 2026 | −5.4% |
| 12 November 2025 | −1.1% |
| 11 August 2025 | −4.6% |
| 24 May 2025 | +5.0% |
| 17 January 2025 | +5.0% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Atlas Cycles (Haryana)'s revenue in Q2 FY27?
Revenue from operations was ₹1.67 crore, down 14.4% from ₹1.95 crore in Q2 FY26 (standalone).
Did Atlas Cycles (Haryana) make a profit in Q2 FY27?
No. It reported a net loss of ₹1.85 crore, against a net loss of ₹2.39 crore in Q2 FY26.
What was Atlas Cycles (Haryana)'s EPS in Q2 FY27?
Basic loss per share was ₹2.84, against a loss of ₹3.67 in Q2 FY26.
How did Atlas Cycles (Haryana) shares react to the Q2 FY27 results?
On the reaction day the stock moved −0.6% from the previous close; the median Consumer Durables stock moved −0.0%.
When did Atlas Cycles (Haryana) announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.