Atul Auto Q2 Results: Revenue Hits Rs 270.20 Crore

Consolidated net profit stands at Rs 6.84 crore, down from Rs 8.27 crore in the year-ago period.

Reader Takeaway: Strong revenue expansion driven by core auto business, though bottom-line pressure persists due to segment performance.

What just happened

Atul Auto Ltd released its consolidated financial results for the quarter ended September 30, 2026. The company reported a total income of Rs 270.20 crore, a 34.7% increase compared to Rs 200.55 crore in the same quarter last year. Consolidated net profit for the quarter was Rs 6.84 crore, marking a decline from the Rs 8.27 crore reported in the corresponding period of 2025.

Why this matters

The top-line growth indicates healthy demand for the company’s automobile offerings, which generated Rs 257.91 crore in revenue. However, the compression in net profit suggests rising costs or operational headwinds. Investors should watch the transition of the EV L5 division, which was integrated via a slump sale from its subsidiary, Atul Greentech Private Limited, earlier this year.

Segment Performance

The Automobiles Business remains the primary growth driver, reporting revenue of Rs 257.91 crore with a segment profit before tax of Rs 9.23 crore. Conversely, the Non-Banking Financial Business segment struggled, recording revenue of Rs 12.32 crore and a pre-tax loss of Rs 0.24 crore.

What changes now

The company has restated its previous year's financial figures to reflect the business combination of the EV L5 division. This change, accounted for under the pooling-of-interest method, was noted by statutory auditors, M/s. Maharishi & Co., in their unmodified review report.

What to track next

Future quarters will be defined by how effectively the management scales the EV business and returns the NBFC segment to profitability. Operational efficiency and margin recovery will be the key indicators for shareholders to monitor.