Atul Auto reported a strong set of standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the Board of Directors approving the results at its meeting held on May 16, 2026. The Board also recommended a final dividend of ₹3.00 per equity share of ₹5.00 each, subject to shareholder approval. The statutory auditors, M/s. Maharishi & Co., Chartered Accountants, issued unmodified audit opinions on both standalone and consolidated financial results.

Consolidated Financial Performance

Atal Auto's consolidated results for FY26 reflect broad-based improvement across revenue, profitability, and volumes. The company sold 38,449 three-wheelers during FY26, compared to 34,012 units in FY25. The following table summarises the key consolidated financial metrics on a year-on-year basis:

Consolidated net profit for FY26 stood at ₹4,323 lakhs, more than doubling from ₹1,834 lakhs in FY25. Total consolidated revenue from operations rose to ₹82,439 lakhs from ₹72,270 lakhs in the prior year. Profit before tax improved significantly to ₹5,710 lakhs from ₹2,662 lakhs. Profit attributable to owners of the company for FY26 was ₹4,226 lakhs, compared to ₹2,163 lakhs in FY25. The consolidated total comprehensive income for FY26 was ₹4,354 lakhs versus ₹1,793 lakhs in FY25.

Standalone Financial Performance

On a standalone basis, Atul Auto also delivered robust growth. The following table presents the key standalone financial highlights:

Standalone gross sales for FY26 were ₹77,441 lakhs versus ₹67,442 lakhs in FY25. Standalone net profit for FY26 rose to ₹5,371 lakhs from ₹3,479 lakhs in FY25. Total standalone comprehensive income for FY26 was ₹5,396 lakhs compared to ₹3,436 lakhs in FY25. Standalone other equity stood at ₹45,700 lakhs as at March 31, 2026, against ₹38,858 lakhs as at March 31, 2025.

Segment Performance

The consolidated segment information for FY26 highlights the contribution of both business verticals. The following table presents segment-wise revenue and profit before tax:

The automobiles segment remained the primary revenue driver, while the non-banking financial business segment also recorded meaningful profit growth. Total segment revenue before inter-segment elimination stood at ₹83,162 lakhs for FY26 versus ₹72,882 lakhs in FY25.

Exceptional Items and Key Accounting Notes

During FY26, the company recognised exceptional items of ₹126 lakhs on a standalone basis and ₹138 lakhs on a consolidated basis, representing the statutory impact of new Labour Codes notified by the Government of India on November 21, 2025. These comprised incremental gratuity and leave encashment obligations arising from changes in wage definitions under the new codes, and were treated as non-recurring, regulatory-driven items.

A significant accounting development during the year was the acquisition of the L5 EV business division of Atul Greentech Private Limited, a subsidiary, by way of slump sale effective January 15, 2026. As both entities are under common control, the transaction was accounted for using the pooling-of-interest method under Appendix C of Ind AS 103, with prior period figures restated from April 1, 2024. The consolidated results include the financial performance of subsidiaries — Atul Greentech Private Limited (79.39% held), Atul Green Automotive Private Limited (100%), Khushbu Auto Finance Limited (100%), and Atulease Private Limited (80%).

Balance Sheet Highlights

The following table summarises key consolidated balance sheet metrics as at March 31, 2026:

Consolidated total assets grew to ₹76,877 lakhs from ₹68,045 lakhs. Total equity increased to ₹49,013 lakhs from ₹44,659 lakhs. Non-current borrowings declined to ₹3,918 lakhs from ₹5,971 lakhs, reflecting improved debt management. Net cash from operating activities on a consolidated basis was ₹4,747 lakhs for FY26 versus ₹3,348 lakhs in FY25.

Atul Auto Limited has officially reported exceptional sales performance for April 2026 through a regulatory filing under Regulation 30. The company announced total vehicle sales of 3,001 units for April 2026, representing a substantial 73.97% year-on-year growth from 1,725 units in the corresponding period of the previous year.

Official Sales Communication

The sales update was formally communicated to BSE Limited and National Stock Exchange of India Limited on May 01, 2026, by Managing Director Neeraj J Chandra. The communication highlighted the company's strong market momentum across its three-wheeler vehicle portfolio, demonstrating significant expansion in both domestic and export segments.

Domestic Market Performance

The domestic market delivered robust performance with total sales reaching 2,478 units in April 2026, compared to 1,427 units in April 2025, marking a growth rate of 73.65%.

The three-wheeler IC engine segment emerged as the primary growth driver in the domestic market, with sales surging 98.56% to reach 1,791 units. The electric vehicle segment also contributed positively, achieving 687 units with a healthy growth of 30.86%.

Combined Domestic and Export Performance

The overall performance including export sales reinforces the company's strong position across different geographical markets.

The IC engine three-wheeler segment showed exceptional performance in the combined market, reaching 2,314 units with a remarkable 94.78% growth. The EV segment achieved 687 units, representing a 27.93% increase from the previous year.

EV Segment Details

The electric vehicle sales figures include EV L5 Category vehicles sold by Atul Greentech Private Limited, a subsidiary of Atul Auto Limited, up to January 14, 2026. This diversified approach across different vehicle technologies demonstrates the company's commitment to both traditional and emerging mobility solutions.

Market Position

The strong performance across both domestic and export markets, combined with significant growth in traditional IC engine vehicles and the expanding EV portfolio, positions Atul Auto Limited favorably in the competitive three-wheeler market. The consistent growth across all reported segments reflects the company's effective market strategy and strong customer demand for its vehicle offerings.