Atul Auto Limited , a prominent player in the three-wheeler automotive sector, has reported a notable increase in its sales figures for August. The company's total sales reached 3,026 units, marking a 6.77% growth compared to 2,834 units sold in the same month of the previous year.

Sales Performance Breakdown

The sales growth was primarily driven by the strong performance of Atul Auto's internal combustion (IC) engine vehicles. Here's a detailed breakdown of the company's sales across different segments:

Key Highlights

IC Engine Vehicles

The 3-wheeler IC engine segment showed remarkable growth, with sales increasing by 22.83% year-over-year, from 1,888 units to 2,319 units.

Electric Vehicles

The EV segment presented a mixed picture:

• L3 category EVs experienced a decline of 31.14%, with sales dropping from 835 units to 575 units.
• L5 category EVs, produced by Atul Auto's subsidiary Atul Greentech Private Limited, saw an 18.92% increase, rising from 111 units to 132 units.

Year-to-Date Performance

For the current financial year (April to August), Atul Auto's overall sales have shown positive momentum:

• Total sales reached 12,675 units, a 5.13% increase from 12,057 units in the same period last year.
• The IC engine segment continued its strong performance with an 11.98% growth.
• The L5 category EVs demonstrated significant growth of 66.49% in the year-to-date figures.

Market Implications

The robust growth in IC engine vehicle sales suggests a continued strong demand for traditional three-wheelers in the Indian market. However, the decline in L3 category EV sales might indicate challenges in the electric vehicle segment, possibly due to market conditions or competitive pressures.

Atul Auto's performance in the L5 EV category, through its subsidiary Atul Greentech, shows promise and could be an area of focus for future growth.

As the automotive industry continues to evolve, Atul Auto's diverse product portfolio across both IC engine and electric vehicles positions it to adapt to changing market demands and regulatory environments in the three-wheeler segment.

Atul Auto Limited , a leading manufacturer of three-wheelers, has reported a robust financial performance for the first quarter. The company's consolidated net profit more than doubled to ₹30.00 crore, up from ₹13.00 crore in the same period last year, showcasing significant growth and improved profitability.

Revenue Growth

The company's revenue saw a notable increase, rising to ₹153.00 crore compared to ₹135.00 crore in the corresponding quarter of the previous year. This 13.33% year-over-year growth in revenue indicates strong demand for Atul Auto's products and effective market strategies.

Operational Efficiency

Atul Auto demonstrated improved operational efficiency, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increasing to ₹100.00 crore from ₹76.00 crore in the year-ago period. The EBITDA margin also showed improvement, expanding to 6.55% from 5.60% in the previous year, reflecting better cost management and operational optimization.

Sales Performance

The company reported sales of 6,929 three-wheelers during the quarter, indicating a strong market presence and demand for its vehicles.

Segment Performance

Atul Auto's financial results reveal two primary business segments:

1. Automobiles Business: This segment generated a gross revenue of ₹141.64 crore for the quarter.
2. Non-Banking Financial Business: This segment contributed ₹12.88 crore to the gross revenue.

The automobiles business segment showed a profit before tax and interest of ₹2.60 crore, while the non-banking financial business segment reported a profit of ₹0.65 crore.

Balance Sheet Highlights

As of June 30, Atul Auto's consolidated balance sheet showed:

Face value of ₹5 per share

Management Commentary

Neeta J Chandra, Managing Director of Atul Auto Limited, expressed satisfaction with the company's performance, stating, "Our strong Q1 results reflect the growing demand for our products and our team's ability to execute efficiently. We remain committed to innovation and operational excellence as we continue to serve our customers and create value for our shareholders."

The financial results were reviewed and approved by the company's Board of Directors at a meeting held on August 7. The company has also appointed M/s. Hardik Hudda & Associates as Secretarial Auditors for a term of five years, subject to shareholder approval at the upcoming Annual General Meeting.

Atul Auto's impressive Q1 performance, marked by substantial profit growth and improved operational metrics, positions the company well for continued success in the three-wheeler market.