Atul Auto, a leading three-wheeler manufacturer based in Rajkot, Gujarat, reported total sales of 3,818 units for October 2024, marking a 24.77% increase from the 3,060 units sold in October 2023. Despite the strong sales growth, the company’s shares were trading lower, down by 3.37% at ₹606.00 on the NSE as of 9:35 am.
For the April to October 2024 period, Atul Auto’s total sales reached 19,236 units, reflecting a substantial 42.23% growth compared to the 13,525 units sold in the same period the previous year. The company offers a diverse range of three-wheeler products across diesel, petrol, CNG, LPG, and electric variants.
In the first quarter of FY25, Atul Auto recorded a consolidated net profit of Rs 1.32 crore, a turnaround from a net loss of Rs 9.03 crore in Q1 FY24. The company’s revenue from operations surged by 130.1% year-on-year, reaching Rs 132.57 crore in Q1 FY25.
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