Atul Auto Limited Earnings Summary — Q1 FY2027
Atul Auto Reports 43% Revenue Growth in Q1 FY27; Consolidation of Operations at Ahmedabad Facility Approved
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 9.2% sequentially in Q1 FY2027.
- Revenue of ₹218 Cr is 43.0% higher year-on-year.
- Revenue has compounded at 14.8% annualised over the last 10 quarters.
- Net profit of ₹8 Cr is 168.8% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 19.3% annualised across the period.
- Operating margin stands at 7.7% in Q1 FY2027.
- Operating margin expanded by 117 bps year-on-year.
- Over the last two years operating margin has expanded by 214 bps.
- PBT margin is 4.9%.
- Expense growth of 41.2% remained below revenue growth of 43.0%.
- Operating profit of ₹17 Cr is 68.5% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 66/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 218 | 241 | 231 | 200 | 153 | 211 | 195 | 182 | 135 | 160 |
| Expenses | Improving | 202 | 213 | 203 | 182 | 143 | 196 | 178 | 169 | 128 | 147 |
| Operating Profit | Volatile | 17 | 27 | 28 | 19 | 10 | 15 | 17 | 13 | 8 | 13 |
| Operating Margin | Stable | 7.7% | 11.3% | 12.3% | 9.3% | 6.5% | 7.2% | 8.5% | 7.2% | 5.6% | 8.3% |
| Other Income | Volatile | 1 | 1 | -1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest | Accelerating | 3 | 1 | 3 | 3 | 2 | 3 | 3 | 2 | 2 | 3 |
| Depreciation | Stable | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 4 |
| Profit Before Tax | Volatile | 11 | 22 | 20 | 12 | 3 | 9 | 10 | 7 | 1 | 6 |
| Tax | Volatile | 3 | 4 | 5 | 3 | 1 | 3 | 3 | 2 | 1 | 2 |
| Net Profit | Volatile | 8 | 15 | 15 | 9 | 3 | 7 | 8 | 5 | 1 | 5 |
| Net Margin | Volatile | 3.6% | 6.2% | 6.7% | 4.6% | 1.9% | 3.4% | 4.0% | 3.0% | 1.0% | 3.3% |
Key Takeaways
- Three-wheeler sales volumes surged 42.6% YoY to 9,878 units, driving consolidated revenue growth of 43%.
- Consolidated Profit After Tax (PAT) grew significantly by 290% YoY to ₹804 lakhs, although it saw a seasonal QoQ decline.
- The Board approved the closure of the Rajkot (Shapar) manufacturing facility to consolidate operations at the modern Ahmedabad (Bhayla) plant.
- Consolidation is aimed at improving operational efficiency, reducing fixed overheads, and utilizing Ahmedabad's 60,000 unit annual capacity.
- The company plans to lease out the 13-acre Rajkot land and building to generate steady recurring cash flows, pending shareholder approval.
- Automobile segment revenue contributed ₹20,663 lakhs (gross), while the Non-Banking Financial business contributed ₹1,363 lakhs.
- Re-appointed Mr. Mahendra J. Patel as Whole-time Director & CFO and Mr. Gurudeo Madhukar Yadwadkar as Independent Director.
Management Guidance
The Ahmedabad facility is capable of meeting existing manufacturing requirements and has sufficient space to enhance production capacity with minimal capital expenditure to meet anticipated demand for several years.
Sentiment Shift
Improving
Robust year-on-year volume growth and a strategic decision to consolidate manufacturing for cost optimization signal improved operational leverage.
Outlook
Management expects significant logistical advantages and improved margins from the strategic location of the Ahmedabad facility and the upcoming closure of the high-overhead Rajkot unit by December 2026.
From the Annual Report (Key Quotes)
“Consolidating manufacturing operations at a single location is expected to improve operational efficiency, optimum utilization of manpower, reduced fixed overheads and resources.”
“The proposed lease is intended to generate a steady recurring cash flows for the Company from Company's asset.”
“The Company recorded a strong improvement in operational and financial performance during the quarter, supported by higher three-wheeler volumes.”
Official Quarterly Documents
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This summary is AI-generated from Atul Auto Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.