Keto Motors Limited (formerly Taaza International Limited) reported a return to profitability for the first quarter of FY27, posting a net profit of ₹43.53 lakh for the period ended June 30, 2026. This marks a significant improvement from the ₹5.89 lakh profit recorded in the immediately preceding quarter (Q4FY26) and reverses the ₹1.32 lakh loss seen in the same quarter last year.

The company’s revenue from operations climbed sharply to ₹634.14 lakh, up from ₹213.26 lakh in Q4FY26. The corresponding quarter in FY26 showed no revenue from operations, indicating that the current quarter represents the first full reporting period with active operational income following the implementation of the National Company Law Tribunal (NCLT) approved resolution plan.

Financial Performance

The financial statement highlights a substantial increase in both top-line growth and bottom-line profitability. While total expenses rose to ₹590.61 lakh from ₹209.78 lakh in the previous quarter, this increase was directly correlated with the higher volume of operations and cost of materials consumed, which stood at ₹396.88 lakh.

Other income was nil for the current quarter, compared to ₹3.47 lakh in Q4FY26. The company incurred no current tax expense for the quarter, though deferred tax was recorded in prior periods. Earnings per share (EPS) stood at ₹0.06 for both basic and diluted calculations, an improvement from ₹0.01 in the previous quarter.

What the Numbers Show

The divergence between the surge in revenue and the proportional rise in costs indicates that Keto Motors is scaling its operational footprint post-restructuring. With cost of materials consumed accounting for the largest share of total expenses (₹396.88 lakh against ₹590.61 lakh total), the company’s gross margin health will depend on maintaining this revenue momentum against input costs. The absence of other income in Q1FY27, unlike the ₹3.47 lakh received in Q4FY26, suggests that the entire profit figure is derived strictly from core operational activities, providing a clearer view of underlying business performance.

Corporate Actions and Compliance

The Board of Directors approved the unaudited financial results during a meeting held on August 13, 2026. The results were reviewed by the Audit Committee and are prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).

The company noted that the financial results for the quarter and year ended March 31, 2026, were prepared considering the restructured entity post-implementation of the NCLT Order dated June 12, 2025. This order approved the resolution plan under IA (Plan) 6 of 2025 IN CP (IB) No.1/7/HDB/2024. The company completed all consequential procedural compliances, including share transfers and statutory filings, during Q4FY26.

Boppudi & Associates, Chartered Accountants, issued a limited review report stating that nothing came to their attention to suggest the statement contains material misstatement or fails to disclose information required under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Keto Motors Limited unveiled the Urbanova KE9, a 9-meter commercial electric bus, on August 2, 2026, marking its formal entry into India’s competitive electric public transport sector. The launch, which included the ceremonial handover of the vehicle to an operating partner, signals the company’s shift from product development to scaled manufacturing. This move aims to address growing demand for zero-emission urban mobility while leveraging the founding team’s legacy in pioneering India’s early electric bus industry. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Urbanova KE9 is engineered for urban and institutional transportation, featuring a certified operating range of over 150 km under fully loaded conditions and a top speed of up to 80 km/h. It measures 8,985 mm in length, 2,532 mm in width, and 3,189 mm in height, with a floor height of 900 mm for easy boarding. The bus seats up to 31 passengers and includes safety features such as electro-hydraulic power steering, Anti-lock Braking System (ABS), regenerative braking, and disc brakes. It has secured CMVR Type Approval Certification from the Global Automotive Research Centre (GARC).

Technologically, the vehicle relies on a strategic partnership with TRON Energy Technology, a Taiwanese manufacturer, for patented liquid-cooled battery systems and Battery Management Systems (BMS). Complementing the hardware, Keto Motors developed KETO Connected, a digital operations platform created with ROQIT. This system provides real-time vehicle health monitoring, battery analytics, remote diagnostics, and predictive maintenance to maximize fleet uptime.

Manufacturing Expansion and Strategic Context

Supporting this product launch, Keto Motors signed a Memorandum of Understanding with the Government of Telangana in December 2025. The agreement commits an investment of approximately ₹300 crore to expand its existing 20-acre facility at Jadcherla and establish a greenfield facility at the Telangana EV Mobility Valley. This investment will support the manufacturing of 9-metre electric buses and create more than 2,000 direct jobs over the next three years.

What the Numbers Show

The launch of the Urbanova KE9 coincides with significant capital expenditure commitments, indicating a strategic pivot toward volume production rather than limited pilot deployments. The ₹300 crore investment in Telangana underscores Keto Motors’ intent to localize manufacturing while relying on international supply chains for critical battery components via TRON Energy Technology. This hybrid approach aims to mitigate early-stage R&D risks while leveraging local engineering for chassis customization, positioning the company to compete in the rapidly expanding Indian electric bus market.