Atlas Cycles Announces Audited Financial Results for March 2026
Atlas Cycles (Haryana) Limited, a leading producer and exporter of quality bicycles, announced the approval of its audited financial results for the quarter and the full financial year ended March 31, 2026. The Company confirmed that its Board of Directors approved the financial results following a board meeting held on May 14, 2026.The company presented its standalone financial performance for the period ending March 31, 2026, showing key figures across its revenue, expenditure, and comprehensive income.
Financial Highlights
The audited standalone financial results highlight the Company’s performance across multiple metrics. The financial data for the quarter and the year ended March 31, 2026, are detailed below.| Financial Metric | Quarter Ended 31.03.26 (Audited) | Quarter Ended 31.12.25 (Unaudited) | Quarter Ended 31.03.25 (Audited) | Year Ended 31.03.26 (Audited) | Year Ended 31.03.25 (Audited) |
|---|---|---|---|---|---|
| Revenue from operations (lakh) | 145.27 | 15163 | 367.25 | 69044 | 171308 |
| Other income (lakh) | 7.92 | 001 | 13420 | 2486 | 116583 |
| Total Income (lakh) | 153.19 | 16164 | 50145 | 71630 | 2876.79 |
| Cost of Materials Consumed (lakh) | 125.13 | 13793 | 19987 | 63076 | 91541 |
| Employee Benefit Expenses (lakh) | 34.62 | 5325 | 5434 | 19373 | 22733 |
| Depreciation and Amortization (lakh) | 2088 | 4398 | 1908 | 15282 | 175.93 |
| Other Expenses (lakh) | 223.96 | 6670 | 14494 | 52753 | 424.49 |
| Total Expenses (lakh) | 409.49 | 301.89 | 403.06 | 1,518.92 | 1,928.63 |
| Net Profit/ (Loss) for the Period (lakh) | 266.30 | 15025 | 98.99 | 80362 | 951.26 |
Balance Sheet Standalone Status
At the end of the financial year, the Company's financial position showed total assets and liabilities.| Particulars | As at 31.03.26 (Audited) | As at 31.03.25 (Audited) |
|---|---|---|
| Total Assets (lakh) | 48,263.57 | 47,882.42 |
| Total Equity & Liabilities (lakh) | 48,263.57 | 47,882.42 |
| Equity Share Capital (lakh) | 32,519 | 32,519 |
| Total Current Liabilities (lakh) | 5,336.52 | 643174 |
| Other Financial Liabilities (lakh) | 4,045.90 | 1,765.90 |
Cash Flow Statement Summary
The Company’s cash flow statement provides insight into its cash generation activities. For the year ended March 31, 2026, the net cash flow generated from operating activities was 1139.14 lakh.| Activity | Year Ended 31.03.26 (in lakh) | Year Ended 31.03.25 (in lakh) |
|---|---|---|
| Net cash flows generated from operating activities | 1139.14 | 1139.14 |
| Net cash flows generated from investing activities | 13195 | 13195 |
| Net cash flows generated from financing activities | 5516 | 5516 |
| Cash and cash equivalents at year end | 8194 | 8194 |
Key Audit Qualifications
The audit report detailed several qualifications regarding the Company's financial statements for the quarter ended March 31, 2026, and the year ended March 31, 2026. These qualifications included:1. Overdue Creditor Payments: The Company did not provide for interest on overdue outstanding payments of creditors, including MSMEs, or on suits filed by creditors. The exact quantum of this liability was noted as not ascertainable without reconciliation with suppliers.
2. Deferred Tax Provision: The Company was noted for not providing for deferred tax Liability/Deferred tax asset during the year 2025-26, which was attributed to the uncertainty of future profits.
3. Borrowing Costs and Audit Fees: The audit noted that the Company had defaulted in repayment of Inter Corporate Loan within stipulated time as per agreed terms, and had not recognized the corresponding interest expense. Furthermore, the statutory audit fees were not provided for, leading to an understatement of losses.
4. Advance Export Sales: The Company was noted for not exporting goods or disclosing advance against export sales as per FEMA regulations, amounting to Rs. 48,93,640/-.
The management, in response to the audit qualifications, provided explanations regarding outstanding dues, deferred tax provisions, and the non-provision of interest and audit fees.
ATLASCYCLE Stock Price Movement
As of 2:46 PM, shares of Atlas Cycles (Haryana) Limited are slipping by 0.47% in live trading, currently dipping to ₹100. The equity records solid trading activity with a volume of 13,908 shares transacted so far in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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