Synopsis:
Atul Auto Limited reports 31.02% QoQ revenue growth and a 301.46% QoQ net profit surge in Q2 FY26 results.

This Vijay Kedia Stock, engaged in the manufacturing and sale of three-wheeler vehicles, including passenger, cargo, and electric variants, jumped 13.66 percent after the company reported September quarterly results with a 301.46 percent QoQ increase in net profit.

With a market capitalization of Rs. 1,355.23 crores, the share of Atul Auto Limited has reached an intraday high of Rs. 508.05 per equity share, rising nearly 13.66 percent from its previous day’s close price of Rs. 447. Since then, the stock has retreated and is currently trading at Rs. 488.35 per equity share.

Q2 FY26 Result Walkthrough

Coming into the quarterly results of Atul Auto Limited, the company’s consolidated revenue from operations increased by 10.20 percent YOY, from Rs. 181.65 crore in Q2 FY25 to Rs. 200.17 crore in Q2 FY26, and grew by 31.02 percent QoQ from Rs. 152.78 crore in Q1 FY26.

Atul Auto Limited generated 92.18 percent of its revenue from Finance Income, 5.35 percent from Income from finance business, and 2.47 percent from other operating income in Q2 FY26.

In Q2 FY26, Atul Auto Limited’s consolidated net profit increased by 80.96 percent YOY, reaching Rs. 8.27 crore compared to Rs. 4.57 crore during the same period last year. As compared to Q1 FY26, the net profit has increased by 301.46 percent, from Rs. 2.06 crore.

The basic earnings per share increased by 69.23 percent and stood at Rs. 3.30 as against Rs. 1.95 recorded in the same quarter in the previous year, FY2025. Atul Auto Limited’s revenue and net profit have grown at a CAGR of 18.72 percent and 144.95 percent, respectively, over the last two years.

In terms of return ratios, the company’s ROCE and ROE stand at 6.48 percent and 4.99 percent, respectively. Atul Auto Limited has an earnings per share (EPS) of Rs. 8.38, and its debt-to-equity ratio is 0.25x.

Shareholding Pattern

In September 2025, Atul Auto Limited had a majority stake held by the promoters at 42.70 percent, foreign institutional investors at 0.38 percent, domestic institutional investors at 0.10 percent, and the public at 56.82 percent. Ace investor Vijay Kishanlal Kedia holds a 20.9 percent stake in Atul Auto Limited, valued at Rs. 285.9 crores, consisting of 58.02 lakh shares.

Company Overview

Atul Auto Limited was established in 1986 and is headquartered in Rajkot, India, and is a leading manufacturer of three-wheeler vehicles. The company is engaged in designing, manufacturing, and selling passenger, cargo, and electric rickshaws across various fuel types, including diesel, petrol, CNG, LPG, and electric.

The company offers a wide range of vehicles such as Atul RIK, Atul Gem, Atul Gemini, Atul Elite, Atul Smart, and Atul Shakti, catering to diverse customer needs. It also provides spare parts and after-sales support, ensuring reliability and customer satisfaction.

Atul Auto has a strong presence across India with dealerships in 21 states and 271 dealers across India. The company exports its products to countries like Bangladesh, Nepal, Sri Lanka, and several African nations (Kenya, Tanzania, Uganda, etc.), affirming its international reach.

Written by – Nikhil Naik

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