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Atlas Cycles (Haryana) LimitedBoard Meeting, 11-08-2025: Outcome of Board Meeting

11-08-2025 | 05:17 pm

Atlas Cycles' Board approved the financial results for the quarter ended June 30, 2025. The company reported revenue from operations of ₹1.98 Cr, a decline from ₹2.39 Cr last year. Net loss widened to ₹1.58 Cr for the quarter, compared to ₹0.46 Cr in the previous year's same period. Auditors highlighted unprovided interest on overdue creditor payments and inter-corporate loans. They noted a ₹0.25 Cr understatement in losses due to unprovided loan interest, advising investors to consider these discrepancies impacting the true loss figures.

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