Atvo Enterprises reports Q1FY26 net profit of ₹4.54 lakh

1 min read     Updated on 17 Jul 2026, 09:14 PM
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Shriram SScanX News Team
AI Summary

Atvo Enterprises reported a net profit of ₹4.54 lakh for Q1FY26, a decline from ₹5.57 lakh in Q1FY25, while total income from operations rose to ₹86.94 lakh. For the financial year ended March 31, 2026, the company recorded a total income of ₹675.33 lakh and a net profit of ₹21.49 lakh.

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Atvo Enterprises reported a net profit of ₹4.54 lakh for the quarter ended June 30, 2026, a decline from ₹5.57 lakh in the same period of the previous year. Total income from operations for Q1FY26 stood at ₹86.94 lakh, compared to ₹80.03 lakh in Q1FY25. The company operates a single reportable segment focused on knitting job work.

The Board of Directors approved the unaudited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on July 17, 2026. The meeting commenced at 4.00 P.M. and concluded at 5.00 P.M. The results were reviewed by the statutory auditors, Naresh Maheshwari & Co., in accordance with the Standards on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India.

Total expenses for the quarter increased to ₹80.81 lakh from ₹72.59 lakh in the prior year quarter. Profit before tax for Q1FY26 was recorded at ₹6.13 lakh, down from ₹7.44 lakh in Q1FY25. The company reported a basic and diluted earnings per share (EPS) of ₹0.00424 for the quarter, compared to ₹0.00521 in the corresponding period last year.

For the financial year ended March 31, 2026, the company reported a total income from operations of ₹675.33 lakh and a net profit of ₹21.49 lakh. The paid-up equity share capital remained constant at ₹1,069.85 lakh with a face value of ₹1 per share throughout the reported periods.

Financial Performance Summary

Metric Q1FY26 (Un-audited) Q4FY26 (Audited) Q1FY25 (Un-audited) FY26 (Audited)
Total Income from Operations 86.94 268.96 80.03 675.33
Total Expenses 80.81 262.23 72.59 646.53
Profit Before Tax 6.13 6.73 7.44 28.80
Net Profit 4.54 5.09 5.57 21.49
Basic EPS 0.00424 0.00476 0.00521 0.02009

Historical Stock Returns for Atvo Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%+5.90%-3.41%+61.50%+70.81%+1,218.37%

What strategies will Atvo Enterprises implement to curb the rising expenses that impacted Q1 profitability?

Does the company anticipate any seasonal recovery in Q2 or Q3 to offset the profit decline seen in Q1?

Are there plans to diversify beyond the single knitting job work segment to mitigate revenue concentration risks?

Naresh Gattani HUF acquires 1.69 lakh shares in ATVO Enterprises

1 min read     Updated on 03 Jul 2026, 11:03 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Naresh Gattani HUF increased its stake in ATVO Enterprises to 2.80% by acquiring 1,69,500 shares on June 30, 2026. The disclosure, filed under SEBI SAST regulations, details the updated holdings of the promoter group member and identified Persons Acting in Concert.

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Naresh Gattani HUF, a member of the promoter group, acquired 1,69,500 equity shares of ATVO Enterprises on June 30, 2026, increasing its total shareholding to 2.80%. The acquisition was executed through the open market. Prior to this transaction, the entity held 28,27,400 shares, representing 2.64% of the company's equity share capital. Following the purchase, the total holding stands at 29,96,900 shares.

The disclosure was submitted to the company on July 2, 2026, by Naresh Kumar Gattani, the Karta of the HUF. The filing was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ATVO Enterprises, formerly known as Vandana Knitwear Limited, informed BSE Limited regarding the change in shareholding on July 2, 2026.

Details of Acquisition

The following table outlines the change in shareholding disclosed under the SEBI regulations:

Name Category Holding Prior to Acquisition Securities Acquired Holding Post-Acquisition Date of Acquisition
Naresh Gattani HUF Promoter Group 28,27,400 (2.64%) 1,69,500 Equity Shares 29,96,900 (2.80%) 30-06-2026

Persons Acting in Concert

The disclosure also identified Persons Acting in Concert (PAC) with the acquirer. The composite shareholding of the acquirer and PAC before the transaction was 5,97,03,006 shares (55.80%). Following the acquisition, the total composite holding increased to 5,98,72,506 shares (55.96%).

Name Holding Prior % Holding Post %
Siddharth Gattani 2,97,55,907 27.81% 2,97,55,907 27.81%
Shorya Gattani 1,92,82,563 18.02% 1,92,82,563 18.02%
Ranjana Gattani 53,32,600 4.98% 53,32,600 4.98%
Charul Ajmera 25,04,536 2.34% 25,04,536 2.34%
Total (PAC) 5,68,75,606 53.16% 5,68,75,606 53.16%

Historical Stock Returns for Atvo Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%+5.90%-3.41%+61.50%+70.81%+1,218.37%

Does this incremental increase in promoter group shareholding signal a potential strategy to consolidate control further in the future?

How might the market interpret this open market acquisition regarding the company's future growth prospects under the current management?

Will this move trigger any additional open offer obligations if the promoter group continues to increase their stake?

More News on Atvo Enterprises

1 Year Returns:+70.81%