The Board of Directors of Atlas Cycles (Haryana) Limited met on May 14, 2026, to approve the audited financial results for the quarter and financial year ended March 31, 2026. For the quarter ended March 31, 2026, the company reported a total income of ₹153.19 Lakhs, representing a slight increase of 1.02% compared to ₹151.64 Lakhs in the previous quarter ended December 31, 2025. However, compared to the corresponding quarter of the previous year (₹501.45 Lakhs), total income saw a significant decrease of 69.45%. The company reported a net loss of ₹256.30 Lakhs for the current quarter, which is an increase in loss of 70.58% from the previous quarter’s loss of ₹150.25 Lakhs. In the same quarter last year, the company had recorded a profit of ₹98.39 Lakhs.

Atlas Cycles (Haryana) Limited, incorporated in 1950, is a prominent Indian company primarily engaged in the manufacturing and export of bicycles. Operating from its registered office in Sonepat, Haryana, the company has historically been a leader in the bicycle industry with multiple units across India, including locations in Sahibabad and Malanpur. The company operates in a single reportable segment, which is “Cycles”. In recent years, the company has faced significant financial challenges, resulting in a qualified opinion from statutory auditors regarding various issues such as unprovided interest liabilities on outstanding dues and defaults in repayment of inter-corporate loans. Despite these hurdles, Atlas Cycles remains a recognized brand name in the Indian consumer goods sector.