Atlas Cycles (Haryana) LimitedQ1 FY27 Results & Financial Update
Atlas Cycles (Haryana) Limited: Q1 FY27 standalone results and company financials – revenue ₹1.54 Cr, PAT ₹-1.92 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Atlas Cycles (Haryana) price & chart
Quarter overview
Quarterly earnings analysis
For the quarter ended June 30, 2026, Atlas Cycles reported standalone revenue from operations of INR 1.54 crore (INR 153.57 lakh), alongside total income of INR 1.54 crore.
The company recorded a net loss (PAT) of INR 1.92 crore (INR -192.02 lakh) for Q1 FY27, reflecting ongoing operational pressures and overhead expenses.
Basic and diluted earnings per share (EPS) for the quarter stood at a negative INR 2.95 (not annualized), based on a paid-up equity share capital of INR 3.25 crore divided into shares of face value INR 5 each.
Statutory auditors Dinesh Nangru & Co. issued a modified review conclusion, highlighting that the company has not provided for interest on overdue outstanding payments to creditors including MSMEs and parties involved in court suits due to unconfirmed balances.
The auditors further noted that the company defaulted on inter-corporate loan repayments and omitted interest liability provisions on the same for the quarter, understating losses by INR 24,75,000.
On the corporate asset front, the board approved an extension up to December 31, 2026, for executing the sale deed regarding 20 acres of company land in Sonepat, Haryana, for which an advance of INR 45.00 crore has been received with another INR 15.00 crore due by October 30, 2026.
Profit after tax was ₹-1.92 Cr for the reported quarter. EPS was ₹-2.95 for the reported quarter.
01 · Business model
What does Atlas Cycles (Haryana) do?
Atlas Cycles (Haryana) Limited manufactures and exports bicycles and related cycling equipment, operating out of its registered office and industrial facilities located in Sonepat, Haryana.
The company generates its revenue primarily through the sale of bicycles and parts, functioning within a single primary reportable business segment dedicated to cycles.
Its operational footprint historically centers on manufacturing bicycle ranges for diverse domestic consumer groups, navigating complex industrial and creditor negotiations alongside asset monetization efforts.
02 · Historical context
What shaped the business before this quarter
Previously on December 7, 2024, the company entered into an Agreement to Sell for 20 acres of land situated in Sonepat, Haryana, securing a total advance of INR 45.00 crore up to the reporting date.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹1.54 Cr |
| Total income | ₹1.54 Cr |
| Profit before tax | ₹-1.92 Cr |
| Profit after tax | ₹-1.92 Cr |
| EPS | ₹-2.95 |
Financial interpretation
What the reported numbers mean
Profit after tax represented -125.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to -125.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations for Q1 FY27 came in at INR 1.54 crore, driven exclusively by the company's single reportable segment of bicycle manufacturing.
What drove margins
Cost of materials consumed stood at INR 1.42 crore, while employee benefit expenses reached INR 0.53 crore and depreciation/amortisation was INR 0.44 crore, contributing to the net loss.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates exclusively in one reportable business segment, which is the manufacturing and sale of cycles.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Management progressed with the previously agreed sale of 20 acres of land in Sonepat, granting an extension to the buyer until December 31, 2026, with an additional INR 15.00 crore scheduled for payment by October 30, 2026.
07 · Reported developments
What changed operationally
The company has accumulated a total advance of INR 45.00 crore from the buyer under the Sonepat land sale agreement, with an additional INR 15.00 crore expected by October 30, 2026.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
The statutory auditors highlighted that the company defaulted on the repayment of an Inter-Corporate Loan within stipulated terms and failed to provide for interest liability of INR 24,75,000 for the quarter.
09 · Beyond the numbers
What changed beyond the numbers
Land Sale Deed Timeline Extension
The buyer requested and received an extension up to December 31, 2026, to execute the sale deed for 20 acres of land in Sonepat, Haryana.
Regulatory Clarification on Board Signatures
In a separate exchange clarification, the company explained that financial results were signed by an authorized director and the CEO because the company lacked a chairperson, managing director, or whole-time director.
10 · Key Q&A
The quarter, answered directly
What does Atlas Cycles (Haryana) do?
Atlas Cycles (Haryana) Limited manufactures and exports bicycles and related cycling equipment, operating out of its registered office and industrial facilities located in Sonepat, Haryana.
What is the clearest takeaway from Q1 FY27?
For the quarter ended June 30, 2026, Atlas Cycles reported standalone revenue from operations of INR 1.54 crore (INR 153.57 lakh), alongside total income of INR 1.54 crore.
What drove revenue or demand?
Revenue from operations for Q1 FY27 came in at INR 1.54 crore, driven exclusively by the company's single reportable segment of bicycle manufacturing.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 1.42 crore, while employee benefit expenses reached INR 0.53 crore and depreciation/amortisation was INR 0.44 crore, contributing to the net loss.
What changed operationally beyond the headline numbers?
Management progressed with the previously agreed sale of 20 acres of land in Sonepat, granting an extension to the buyer until December 31, 2026, with an additional INR 15.00 crore scheduled for payment by October 30, 2026.
What should the next disclosure help confirm?
Monitor the execution of the sale deed for the 20 acres of Sonepat land and the receipt of the scheduled INR 15.00 crore payment due by October 30, 2026.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Land Sale Deed Execution: Monitor the execution of the sale deed for the 20 acres of Sonepat land and the receipt of the scheduled INR 15.00 crore payment due by October 30, 2026.
- 02
Creditor & Loan Reconciliations: Track future auditor reports for progress on resolving overdue creditor payments, MSME reconciliations, and defaulted inter-corporate loan obligations.
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