The commercial three-wheeler manufacturing company’s profit after tax surged 210% on a sequential basis versus Rs 2.9 crore in the April-June quarter of FY26. Meanwhile, the topline jumped 31% on a quarter-on-quarter basis versus Rs 153 crore in Q1FY26.
Atul Auto remains Kedia’s largest portfolio bet with a 21% stake that is currently valued at Rs 286 crore, according to Trendlyne data.
Atul Auto’s manufacturing facilities are situated in Gujarat, and it boasts a robust production capacity of 1,20,000 vehicles annually.
The company sold 9,248 units in Q2FY26 versus 6,929 units in Q1FY26 and 8,850 units in Q2FY25.
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Atul Auto’s gross sales/finance income in the reporting quarter stood at Rs 185 crore versus Rs 140 crore in Q1FY26 and Rs 169 crore in Q2FY25. Income from the finance business stood at Rs 10.7 crore versus Rs 11.14 crore in Q1FY26 and Rs 11 crore in Q2FY25.
The company incurred expenses of Rs 189 crore in Q2FY26, which were up from Rs 150 crore in Q1FY26 and Rs 176 crore in the year-ago period. The expenses were made under the heads like Cost of materials consumed, purchase of traded goods, finance cost and employee benefit expenses.
Shares of Atul Auto are currently trading below their 50-day and 200-day simple moving averages (SMA) of Rs 489.8 and Rs 474.9, respectively. The stock has been a laggard, declining 17% over a one-year period.
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