Atlas Cycles (Haryana) Limited announced its unaudited financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The bicycle manufacturer reported challenging financial performance with significant losses during the quarter, reflecting ongoing operational difficulties in the cycling industry.

Financial Performance Overview

The company's financial metrics for Q3FY26 demonstrate a marked deterioration compared to the previous year:

The company recorded a net loss of ₹1.50 crore for Q3FY26, a significant decline from the profit of ₹0.27 crore reported in the corresponding quarter of the previous fiscal year. Revenue from operations fell 31.11% year-on-year to ₹1.52 crore from ₹2.20 crore in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Atlas Cycles reported substantially weaker performance:

The nine-month results show a net loss of ₹5.47 crore compared to a profit of ₹8.53 crore in the corresponding period of the previous year. Revenue from operations declined 34.26% to ₹5.45 crore from ₹8.29 crore.

Land Sale Transaction Update

The Board of Directors approved an extension for the sale of 20 acres of company land situated in Sonepat, Haryana. Key details of the transaction include:

The buyer has received an extension until March 31, 2026, for executing the sale deed. The company has already received ₹30.00 crore in tranches as part consideration, with the buyer committed to paying the remaining ₹30.00 crore by the extended deadline.

Operational Expenses and Cost Structure

The company's expense breakdown for Q3FY26 shows cost management efforts amid declining revenues. Material costs constituted ₹1.38 crore, while employee benefit expenses totaled ₹0.53 crore. Depreciation and amortization expenses remained steady at ₹0.44 crore, while other expenses decreased to ₹0.67 crore from ₹0.81 crore in the previous year.

Auditor's Qualified Opinion

The statutory auditors issued a modified opinion highlighting two significant concerns. The company has not provided for interest on overdue payments to creditors, including MSMEs, and has defaulted on inter-corporate loan repayments. The auditors noted that the company has understated losses by ₹0.74 crore due to unprovided interest liability on inter-corporate loans for the period ended December 31, 2025.

Atlas cycle (haryana) Limited has announced that its Board of Directors will convene on January 16, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026.

Board Meeting Details

The meeting has been scheduled in accordance with regulatory requirements to consider the financial performance for the quarter and nine months ended December 31, 2025. The announcement was made through a formal communication to stock exchanges on January 9, 2026.

Regulatory Compliance

The company has fulfilled its obligation under Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, by providing prior intimation of the board meeting to stock exchanges. This regulation mandates listed companies to inform exchanges about board meetings where financial results will be considered.

The formal notification was sent to both the National Stock Exchange of India Limited and BSE Limited, where the company's shares are listed under the symbol ATLASCYCLE and scrip code 505029 respectively.

Company Communication

The announcement was signed by Rashpal Singh, Company Secretary & Compliance Officer, who digitally authenticated the document on January 9, 2026. The communication follows standard corporate governance practices for listed companies in India, ensuring transparency and timely disclosure to stakeholders and regulatory authorities.