Atul Auto reported a 29.34% rise in total vehicle sales for May 2026, driven by strong demand for its internal combustion engine models. The company sold 3,236 units in the month, compared to 2,502 units in May 2025. Year-to-date sales for FY 26-27 reached 6,237 units, marking a 47.55% increase from the 4,227 units sold in the corresponding period of the previous year.

The performance was led by the three-wheeler internal combustion engine segment, which saw sales climb to 2,740 units in May 2026 from 1,938 units a year earlier. In contrast, sales of electric vehicles declined by 12.06% to 496 units during the month. The cumulative figures for the financial year show internal combustion engine sales at 5,054 units, while electric vehicle sales stood at 1,183 units.

Domestic sales for May 2026 totaled 2,847 units, an increase of 20.79% over the 2,357 units sold in May 2025. The domestic internal combustion engine segment grew by 31.12% to 2,351 units, while electric vehicle sales fell by 12.06% to 496 units. Year-to-date domestic sales reached 5,325 units, reflecting a 40.72% growth over the previous year.

Sales Performance Summary

The following tables present a detailed breakdown of Atul Auto's sales performance across segments for May 2026 and year-to-date FY 26-27.

The electric vehicle figures include sales of L5 category vehicles by Atul Greentech Private Limited, a subsidiary of Atul Auto, until January 14, 2026.

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 (ICAI Firm Registration No. 124872W), issued unmodified audit opinions on both standalone and consolidated financial results.

Consolidated Financial Performance

Atul 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. On the consolidated basis, the exceptional item comprised gratuity of ₹117 lakhs and leave encashment of ₹21 lakhs.

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.