<h1>Atlas Cycles Approves Qended June 30, 2026 Financial Results; Extends Deadline for Sonepat Land Sale Deed</h1>
Atlas Cycles (Haryana) Limited has announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and approved these results in a meeting held on August 12, 2026.
In other material developments, the company confirmed that the buyer of the land is requesting an extension to execute the Sale Deed concerning the 20 acres of land located in Sonepat, Haryana. The Board of Directors approved this request for an extension until December 31, 2026.
Regarding the land transaction, which was first intimated on April 14, 2026, and other previous dates, the company confirmed that it has received an advance payment of Rs. 45.00 crores from the buyer. The buyer has also undertaken to pay an additional Rs. 15.00 crores by October 30, 2026.
The results presented for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board of Directors.
Financial Performance Snapshot (in lakh)
Atlas Cycles reports its financial performance across various quarters, with key figures available:| Period | Income | Expenses | Profit / (loss) before Tax | Net Profit / (loss) for the period |
|---|---|---|---|---|
| Quarter ended June 30, 2026 | 498.27 | 153.57 | -192.02 | -192.02 |
| Quarter ended March 31, 2026 | 690.44 | 145.27 | -158.38 | -158.38 |
The company operates exclusively in the Cycles segment. The results are prepared in accordance with Indian Accounting Standards (Ind AS) 34, as prescribed under Section 133 of the Companies Act, 2013.
Key Financial Metrics for Quarter Ended June 30, 2026
A summary of financial metrics for Atlas Cycles (Haryana) Limited for the quarter ended June 30, 2026:| Metric | Value | Unit |
|---|---|---|
| Total Income | 498.27 | lakh |
| Total Expenses | 153.57 | lakh |
| Profit / (loss) before tax | -192.02 | lakh |
| Net profit / (loss) for the period | -192.02 | lakh |
The company remains focused on its primary business, having no subsidiaries, associates, or joint venture entities during the quarter ended June 30, 2026, and the financial year ended March 31, 2026.
ATLASCYCLE Stock Price Movement
As of 12:27 PM, shares of Atlas Cycles (Haryana) Limited are edging higher to ₹98.3 as they gain 0.96% in live trading. The equity has traded a volume of 6,531 shares during the current market phase.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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