Automobile Corporation of Goa Ltd (ACGL) has reported a stellar performance for the second quarter, with significant growth across key financial metrics. The company's latest financial results showcase a remarkable improvement in profitability and operational efficiency.

Financial Highlights

ACGL reported total income of Rs. 210.43 crore for Q2, representing a 57.37% quarter-on-quarter increase. The company achieved EBITDA of Rs. 21.09 crore with a margin of 10.02%, while profit before tax reached Rs. 19.66 crore, up 103.77% quarter-on-quarter with a margin of 9.34%. Earnings per share stood at Rs. 24.03.

Key Financial Metrics

Operational Performance

The company delivered 1,966 bus bodies during the quarter, a significant increase from 1,332 units in the corresponding quarter of the previous financial year. This boost in production volume has been a key driver of the company's financial performance. ACGL also reached a significant milestone by manufacturing its 100,000th bus since inception during this quarter.

Strategic Initiatives

ACGL has been actively pursuing opportunities from State Transport Undertaking (STU) orders, which has helped in capacity utilization during lean periods and contributed to improved profitability.

Sustainability Efforts

In line with its commitment to sustainability, ACGL has successfully installed and commissioned an 810 kWp solar power plant at its Jejuri facility. This initiative is expected to significantly reduce the company's carbon footprint. A similar project at the Goa facility is currently under implementation.

Corporate Action

Effective October 1, 2025, following a Composite Scheme of Arrangement, Tata Motors Limited's 48.98% holding in ACGL (29,82,214 shares) is being transferred to TML Commercial Vehicles Limited (TMLCV).

Looking Ahead

ACGL continues to focus on securing strategic orders to optimize capacity utilization. The company's strong performance, coupled with its sustainability initiatives and strategic focus, positions it well for continued growth in the coming quarters.

Automobile Corporation of Goa Limited (ACGL) has announced a significant change in its leadership, appointing Mr. Yatin Kakodkar as its new Non-Executive Chairman, effective September 12, 2025. This appointment follows the completion of Mr. Shrinivas V. Dempo's second consecutive term as Independent Director and Chairman on September 11, 2025.

Board Decision and Transition

The Board of Directors, in a meeting held on September 11, 2025, made this decision based on recommendations from the Nomination and Remuneration Committee. Mr. Kakodkar, who has been serving as an Independent Director on the ACGL board, will now take on the role of Non-Executive Chairman.

About Yatin Kakodkar

Mr. Kakodkar brings a wealth of experience and expertise to his new role:

• Educational Background: He holds a B.Com in Accounting from Sydenham College, Mumbai, and an MBA in General Management with a marketing concentration from Dartmouth College, USA.
• Professional Experience: Kakodkar is the Co-promoter and Director of Apex Packing Products Pvt. Ltd., a Goa-based FMCG packaging company he founded and has led for over 27 years.
• Community Leadership: He has been serving as the President of The International Centre Goa (ICG) since 2013 and is a Life Trustee since 2004.
• Industry Involvement: Kakodkar has been on the Managing Committee of the Goa Chamber of Commerce and Industry (GCCI) since 2009 and was appointed as its Vice President in July 2025. He also served as the Chairman of the CII Goa Council from 2003 to 2004.

Implications for ACGL

This leadership transition marks a new chapter for Automobile Corporation of Goa Limited. Mr. Kakodkar's extensive experience in business management and his involvement in various industry bodies position him well to guide ACGL through its next phase of growth and development.

Outgoing Chairman

As Mr. Shrinivas V. Dempo's term concluded, he also stepped down from his roles as a member of the Nomination & Remuneration Committee and the Corporate Social Responsibility Committee of the company.

Automobile Corporation of Goa Limited continues to operate from its registered office in Honda Sattari, Goa. This leadership change is expected to bring fresh perspectives to the company's strategic direction in the automotive sector.