Automobile Corporation of Goa Ltd-$
📊 Quarterly Financial Update & Operational Progress
⚡️ Quick Scoop
• Total income rose 57.37% QoQ to Rs. 210.43 Cr in Q2 FY26. • EBITDA margin at 10.02%, EBITDA Rs. 21.09 Cr. • PBT doubled QoQ to Rs. 19.66 Cr, margin 9.34%. • Delivered 1,966 bus bodies vs 1,332 last year quarter; 100,000th bus milestone achieved.
🧠💡DeepDive
📈 Financial Performance Highlights
- Total Income: Rs. 210.43 crore, up 57.37% QoQ.
- EBITDA: Rs. 21.09 crore, margin 10.02%, indicating increased efficiency.
- PBT: Rs. 19.66 crore, up 103.77% QoQ, margin at 9.34%, reflecting higher profitability.
- EPS: Rs. 24.03 (not annualized), more than doubled QoQ.
🚍 Operational Achievements
- Delivered 1,966 bus bodies in Q2 FY26 vs 1,332 last year same quarter.
- Manufactured 100,000th bus milestone achieved, showing scale and longevity.
- Secured STU orders during lean periods to boost capacity utilization.
🌱 Sustainability Initiatives
- 810 kWp solar plant commissioned at Jejuri facility to reduce carbon footprint.
- Similar solar installation underway at Goa facility, expected within FY26.
🔄 Corporate Action
- Tata Motors Limited demerged commercial vehicle business into TMLCV effective Oct 1, 2025.
- 48.98% shares (about 29.82 crore) transferred from Tata Motors to TMLCV.
🔮 Looking Ahead
- Focus on strategic orders to optimize capacity especially in lean Q3 period.
Overall, this update presents positive operational and financial progress, important sustainability projects, and a significant change in shareholding due to corporate restructuring.