Atlas Cycles (Haryana) LimitedQ2 FY27 Results & Financial Update

Atlas Cycles (Haryana) Limited: Q2 FY27 standalone results and company financials – revenue ₹1.67 Cr, PAT ₹-1.85 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: ATLASCYCLEPublished 29 Oct 2026Updated 29 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹1.67 CrReported Q2 FY27
Profit after tax₹-1.85 CrReported Q2 FY27
Sequential change+3.6%Quarter-on-quarter

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Quarterly Results AnalysisExplore Atlas Cycles (Haryana) Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

For the quarter ending September 30, 2026 (Q2 FY27), Atlas Cycles reported standalone revenue from operations of INR 1.6663 crore, reflecting a sequential expansion compared to the preceding quarter's revenue of INR 1.5357 crore.

02

Total income for the period stood at INR 1.7138 crore, inclusive of INR 0.0475 crore in other income, moving up from INR 1.5357 crore in Q1 FY27.

03

Despite top-line improvements, the company continued to record a net loss, posting a standalone profit after tax (PAT) and loss before tax (PBT) of INR -1.8502 crore for Q2 FY27.

04

The bottom-line performance reflects ongoing cost pressures and provision burdens, with provisions amounting to INR 2.9654 crore recorded during the quarter.

05

Basic and diluted earnings per share (EPS) for the quarter stood at INR -2.84, compared to INR -2.95 in the previous quarter.

06

Depreciation and amortisation expenses were stable at INR 0.4398 crore, while finance costs remained minimal at INR 0.0022 crore.

07

The financial results underscore the ongoing operational and financial restructuring challenges faced by the company as it navigates low revenue scale relative to its overhead and provisioning requirements.

01 · Business model

What does Atlas Cycles (Haryana) do?

Atlas Cycles (Haryana) Limited is a long-standing manufacturer and marketer of bicycles and related components in India, operating within the standalone manufacturing sector.

The company's primary business model revolves around bicycle production and distribution through traditional wholesale and retail channels, serving both domestic commuters and recreation segments.

Operations are structured around manufacturing plants and corporate administration within India, focusing on cycle assembly, parts fabrication, and branded distribution.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹1.67 Cr₹1.54 Cr
Total income₹1.71 Cr₹1.54 Cr
Profit before tax₹-1.85 Cr₹-1.92 Cr
Profit after tax₹-1.85 Cr₹-1.92 Cr
EPS₹-2.84₹-2.95

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -111.0% 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.

Pre-tax earnings

Profit before tax was equivalent to -111.0% 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.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.05 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Standalone Operational Revenue

Revenue from operations reached INR 1.6663 crore in Q2 FY27, showing a modest sequential rise from INR 1.5357 crore in Q1 FY27.

Other Income Contribution

Other income contributed INR 0.0475 crore to the total income of INR 1.7138 crore during the quarter.

What drove margins

Depreciation and Amortisation

Depreciation and amortisation expenses were reported at INR 0.4398 crore, remaining consistent with the preceding quarter.

Finance Costs

Finance costs remained negligible at INR 0.0022 crore for the quarter.

04 · Reported developments

What changed operationally

Sequential Top-Line Growth

Standalone revenue from operations increased to INR 1.6663 crore in Q2 FY27 from INR 1.5357 crore in Q1 FY27.

05 · Pressure points & risks

What is not going smoothly

Continued Net Losses

The company reported a net loss of INR -1.8502 crore for Q2 FY27, reflecting persistent bottom-line stress.

Significant Provisions

Provisions of INR 2.9654 crore were recorded during the quarter, impacting financial performance.

06 · Items worth noticing

The line items that can distort a quick read

Quarterly Provisions

The company recorded provisions of INR 2.9654 crore during the quarter ended September 30, 2026.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Filing Submission Scope

The financial results were submitted via official exchange structured XBRL filing under standalone reporting scope for Q2 FY27.

08 · Previous-quarter changes

What changed since the previous quarter

Sequential Earnings Improvement

Net loss narrowed slightly from INR -1.9202 crore in Q1 FY27 to INR -1.8502 crore in Q2 FY27, with EPS moving from INR -2.95 to INR -2.84.

09 · Key Q&A

The quarter, answered directly

What does Atlas Cycles (Haryana) do?

Atlas Cycles (Haryana) Limited is a long-standing manufacturer and marketer of bicycles and related components in India, operating within the standalone manufacturing sector.

What is the clearest takeaway from Q2 FY27?

For the quarter ending September 30, 2026 (Q2 FY27), Atlas Cycles reported standalone revenue from operations of INR 1.6663 crore, reflecting a sequential expansion compared to the preceding quarter's revenue of INR 1.5357 crore.

What drove revenue or demand?

Revenue from operations reached INR 1.6663 crore in Q2 FY27, showing a modest sequential rise from INR 1.5357 crore in Q1 FY27.

What mattered most for margins or profitability?

Depreciation and amortisation expenses were reported at INR 0.4398 crore, remaining consistent with the preceding quarter.

What changed operationally beyond the headline numbers?

The financial results were submitted via official exchange structured XBRL filing under standalone reporting scope for Q2 FY27.

What are the main pressure points disclosed for the quarter?

The company reported a net loss of INR -1.8502 crore for Q2 FY27, reflecting persistent bottom-line stress.

10 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Revenue Scale Recovery: Monitor future quarterly filings for sustained top-line recovery and scale expansion relative to fixed overheads.

  2. 02

    Provision and Loss Trajectory: Track future provisions and bottom-line progression to assess operational turnaround milestones.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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