This Ace Investor Vijay Kedia stock, which deals in the business of manufacturing and selling of Auto Rickshaws in the domestic and overseas market, surged upto 5 percent after the company reported a 528 percent increase in February Monthly EV Sales year on year.
Share Price Movement
In Monday’s trading session, Atul Auto‘s share price was up by 5.07 percent in the early trade to the day’s high of Rs. 461.60. The stock reiterated from the day’s high and was trading at Rs. 431, which is 1.89 percent lower than the previous close of Rs. 439.30 per share.
In the past year, the stock has had a negative return of around 20 percent and has underperformed the Nifty Index.
What Happened
The company’s stock surged initially after they reported monthly reports for February 2025. The Domestic and Export part, three-wheeler IC engine vehicles for Feb 2025 volume stood at 2,311 units compared to 1,675 units of Feb 2024, which is an increase of 37.97 percent year on year.
In the Electric Vehicle L3 segment, there was a 45.98 percent decline from 585 units in Feb 2024 to 316 units in Feb 2025. Further, in the Electric Vehicle L5 segment, there was an increase of 582.50 percent year on year from 40 units in Feb 2024 to 273 units in Feb 2025. The EV L5 segment indicates the sales made by its subsidiary Atul Greentech Private Limited.
Financials
In its latest filing for the quarter ending December 2024, the company reported a 26.34 percent increase in revenue, reaching Rs. 194.99 crore compared to Rs. 154.33 crore in Q3FY24. During the same period, net profit increased to Rs. 7.12 crore in Q3FY25, compared to Rs. 4.47 crore in Q3FY24.
Market Share
The company has a market share of around 4 percent in the domestic market share in the three-wheeler industry and makes up to a 3 percent share in domestic sales and exports as per CRISIL Ratings.
Ace Investor Stake
As of December 2024, the Ace Investor Vijay Kedia holds a stake of around 18.20 percent and a 2.71 percent stake through Kedia Securities Private Limited in the company.
Company Profile
Atul Auto Limited, established in 1986, is a prominent Indian manufacturer of three-wheelers, offering a diverse range of passenger and cargo vehicles, including e-rickshaws, known for reliability and efficiency.
Written by Santhosh S
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