ATC Energies System reports net loss in FY26 as revenue falls

1 min read     Updated on 26 May 2026, 10:01 AM
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AI Summary

ATC Energies System reported a net loss of ₹147.59 lakh for FY26, compared to a net profit of ₹1,138.08 lakh in FY25, as revenue fell 40.1% to ₹3,074.03 lakh. Total expenses for the year stood at ₹3,228.10 lakh. The Board approved the audited results on May 25, 2026, and statutory auditors issued an unmodified opinion. The company utilized ₹5,079.34 lakh of its IPO proceeds, with ₹22.51 lakh remaining unutilized.

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ATC Energies System reported a net loss of ₹147.59 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹1,138.08 lakh recorded in the previous year. Revenue from operations fell 40.1% to ₹3,074.03 lakh from ₹5,131.59 lakh in FY25, primarily impacted by increased expenses and working capital changes. The company's Board of Directors approved the audited financial results for the half year and year ended March 31, 2026, in a meeting held on May 25, 2026.

Total expenses for the year rose to ₹3,228.10 lakh from ₹3,806.83 lakh in the prior year. The cost of materials consumed increased to ₹2,268.48 lakh, while employee benefit expenses stood at ₹440.43 lakh. Finance costs and depreciation expenses were recorded at ₹174.53 lakh and ₹189.87 lakh, respectively. The basic and diluted earnings per share (EPS) for the year was reported at -0.72, a significant decline from 7.06 in the previous year.

For the half year ended March 31, 2026, the company reported a net loss of ₹208.50 lakh on a total income of ₹1,811.13 lakh. In comparison, the half year ended September 30, 2025, saw a net profit of ₹60.91 lakh. The statutory auditors, M/s. A. Kasliwal & Company, issued an unmodified opinion on the standalone financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statement of assets and liabilities as of March 31, 2026, showed total assets at ₹11,179.41 lakh, a decrease from ₹14,829.58 lakh in the previous year. Shareholders' funds stood at ₹8,757.44 lakh, while total current liabilities reduced to ₹1,662.59 lakh. Cash and cash equivalents decreased significantly to ₹632.76 lakh from ₹6,378.22 lakh at the end of FY25.

The company also provided an update on the utilization of its Initial Public Offering (IPO) proceeds, which were raised on March 28, 2025. Out of the total net proceeds of ₹5,101.85 lakh, ₹5,079.34 lakh has been utilized, leaving a balance of ₹22.51 lakh pending. The funds were primarily allocated for capital expenditure, debt repayment, and working capital requirements, with no deviation reported in the utilization of funds.

Historical Stock Returns for ATC Energies System

1 Day5 Days1 Month6 Months1 Year5 Years
-4.35%-17.79%-30.53%-40.77%-74.42%-77.27%

How does ATC Energies plan to address the drastic 90% drop in cash reserves to fund future working capital needs?

What strategic measures will be implemented to reverse the 40% revenue decline and return to profitability in FY27?

With IPO proceeds nearly exhausted, will the company consider raising additional debt or equity to finance upcoming capital expenditures?

ATC Energies appoints Vidit Bajoria as Additional Director

1 min read     Updated on 26 May 2026, 09:56 AM
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Jubin VScanX News Team
AI Summary

ATC Energies System Limited has appointed Mr. Vidit Sandeep Bajoria as an Additional Director (Non-Executive, Non-Independent) effective May 25, 2026, following a board meeting. He will serve until the ensuing Annual General Meeting and is the son of the Managing Director, Mr. Sandeep Gangabishan Bajoria.

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ATC Energies System Limited has appointed Mr. Vidit Sandeep Bajoria as an Additional Director, effective May 25, 2026. The Board of Directors approved the appointment during a meeting held at the registered office, designating him as a Non-Executive, Non-Independent Director. This decision follows the recommendation of the Nomination and Remuneration Committee.

Mr. Bajoria will hold the office until the date of the ensuing Annual General Meeting. He has been associated with the company for the past one and a half years. The appointment is subject to regulatory disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure highlights a familial relationship within the company's leadership. Mr. Vidit Sandeep Bajoria is the son of the Managing Director, Mr. Sandeep Gangabishan Bajoria. The meeting commenced at 4:00 P.M. and concluded at 5:10 P.M. on May 25, 2026.

Details of Appointment

S. No. Particulars Details of Director
1 Name Mr. Vidit Sandeep Bajoria
2 Reason for change Appointment as an Additional Director (Non-Executive, Non-Independent) of the Company
3 Designation Additional Director (Non-Executive, Non-Independent)
4 Date of Appointment & term Appointed with effect from May 25, 2026; holds office up to the date of the ensuing Annual General Meeting
5 Brief Profile Associated with the Company for the past one and a half years
6 Relationship Son of the Managing Director, Mr. Sandeep Gangabishan Bajoria

Historical Stock Returns for ATC Energies System

1 Day5 Days1 Month6 Months1 Year5 Years
-4.35%-17.79%-30.53%-40.77%-74.42%-77.27%

Will Mr. Vidit Bajoria be formally nominated for a longer term at the upcoming Annual General Meeting?

How might this familial succession impact the company's corporate governance standards?

What specific strategic responsibilities will Mr. Bajoria assume during his tenure?

More News on ATC Energies System

1 Year Returns:-74.42%