Synopsis:
Automobile Corporation Of Goa Ltd shares surged 20% after strong Q1FY26 results, driven by robust revenue and profit growth.
A Small-cap, Tata group stock is in the spotlight today after the announcement of its Q1FY26 financial results. Read the article below for a detailed look at its performance, which led the stock to hit the upper circuit.
With a market capitalization of Rs. 1,319 crore, the shares of Automobile Corporation Of Goa Ltd were trading at Rs. 2,166, up by 20 percent from its previous closing price of Rs. 1,805.30.
Q1FY26 Results
Automobile Corporation Of Goa Ltd reported Rs. 256 crore in revenue for the first quarter of FY26, a moderate increase of 26.11 percent over the Rs. 203 crore for the same period in FY25. However, from Rs. 217 crore in Q4 FY25, revenue increased by 17.97 percent sequentially.
The company reported an Operating Profit of Rs. 28 crore in Q1FY26, increased by 40 percent from Rs. 20 crore in Q4FY25, and 33.33 percent from Rs. 21 crore in Q1FY25.
The net profit for the first quarter of FY26 was Rs. 23 crore, which was 35.29 percent higher than the Rs. 17 crore reported in the previous quarter and also increased by 27.78 percent from the Rs. 18 crore in Q1 FY25.
Profit growth was also reflected in earnings per share (EPS), which increased to approximately Rs. 37.89 in Q1 FY26 from Rs. 29.43 in Q1 FY25 and Rs. 27.66 in Q4 FY25.
The pressing segment’s revenue in Q1FY26 was Rs. 22.55 crore, indicating a robust quarter-over-quarter growth of 24.9 percent from Rs. 18.05 crore in Q4FY25, but a slight year-over-year decline of 0.5 percent from Rs. 22.66 crore in Q1FY25.
Meanwhile, in the bus body segment, which saw revenue of Rs. 233.86 crore, a strong 29.4 percent YoY increase from Rs. 180.66 crore and a 17.9 percent QoQ increase from Rs. 198.81 crore.
About the company
The first significant engineering company in Goa, Automobile Corporation of Goa Ltd.(ACGL), was founded in 1980 and was jointly promoted by Tata Motors and EDC Ltd. The company has been in business for more than 45 years, has built more than 97,700 buses, serves more than 800 customers, and has about 1,500 employees.
At the moment, the Company’s P/E stands at 25.5x, lower than the industry average of 30.9x. Its ROE and ROCE are 19.7 percent and 20.2 percent indicating company financial performance. Its Debt to Equity ratio stands at 0.34. The company’s 5 year sales CAGR stands at 15 percent, profit CAGR stands at 34 percent.
Written By Akshay Sanghavi
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