Automobile Corporation of Goa505036Quarterly results

Buy-back of up to 1,44,639 shares at Rs. 2,005 each approved; Q2 FY27 results carry unmodified audit opinion

Board approved a buy-back of up to 1,44,639 equity shares (2.38% of paid-up capital) at Rs. 2,005 per share, total not exceeding Rs. 29,00,01,195/-, through the tender offer route; record date 28 October 2026.

By ScoutQuest · Wed 21 Oct 2026, 5:53 PM IST · 3 min read

Standalone · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	26,559.38	20,638.15	+28.7%	24,894.40	+6.7%
Total income	27,093.82	21,042.62	+28.8%	25,271.20	+7.2%
Profit before tax	1,773.67	1,966.43	−9.8%	1,518.94	+16.8%
Profit after tax	1,319.89	1,463.61	−9.8%	1,121.63	+17.7%
Total comprehensive income	1,301.13	1,461.54	−11%	1,038.97	+25.2%
Basic EPS	21.68	24.03	−9.8%	18.42	+17.7%

Total income: Latest 27,093.82; Year ago 21,042.62 (+28.8%); Prev qtr 25,271.20 (+7.2%)
Profit after tax: Latest 1,319.89; Year ago 1,463.61 (−9.8%); Prev qtr 1,121.63 (+17.7%)
Period: 3 months ended 30 September 2026 (Audited)

Also decided at the meeting

Approved buy-back of up to 1,44,639 equity shares of Rs.10 each (2.38%) at Rs. 2,005/- per share via tender offer, aggregate not exceeding Rs. 29,00,01,195/-; record date 28 October 2026.
Constituted a Buyback Committee of Mr. Yatin Kakodkar, Mr. Pranab Ghosh and Mr. Raghwendra Singh Butola with delegated powers for the Buyback.
Appointed Ms. Swati Shivanand Salgaocar as Chairman of the Board w.e.f. December 7, 2026; Mr. Yatin Kakodkar ceases as Independent Director and Chairman from close of December 6, 2026.

Auditor's review

Conclusion: Unmodified

Notes to the results

New Labour Codes: incremental impact presented as Exceptional Items in FY ended 31 March 2026 - gratuity Rs. 242.14 lakhs and long-term compensated absences Rs. 86.49 lakhs.
Final dividend of Rs. 22.50 per share for FY ended 31 March 2026 paid on 20 August 2026, cash outflow Rs. 1,369.94 lakhs.

Buy-back of equity shares approved

The Board approved a buy-back of up to 1,44,639 fully paid-up equity shares of face value Rs. 10 each at Rs. 2,005 per equity share, for an aggregate consideration not exceeding Rs. 29,00,01,195/-. The buy-back size excludes transaction costs such as brokerage, taxes, update and adviser fees.

The 1,44,639 shares represent 2.38% of the total number of equity shares in the paid-up equity share capital.
The same buy-back size is 2.38% of the aggregate of fully paid-up equity share capital and free reserves as per the audited financial statements for the half year ended 30 September 2026, and is within the statutory limit of 10% of that aggregate under the board approval route.
Route: tender offer, on a proportionate basis, from eligible equity shareholders as on the record date.
Record date for the buy-back: 28 October 2026.
Members of the promoter and promoter group have indicated their intention not to participate in the proposed buy-back.

What happens next

The Board designated a Buyback Committee of Mr. Yatin Kakodkar (Independent Director), Mr. Pranab Ghosh (CEO and Executive Director) and Mr. Raghwendra Singh Butola (Chief Financial Officer), and delegated powers to it to do what is necessary in connection with the buy-back. A public announcement setting out the process and timelines will be released in due course. The post buy-back shareholding pattern and the actual securities bought back will be provided on completion of the buy-back.

September quarter and half year results

The Board approved the audited financial results for the quarter and half year ended 30 September 2026. The statutory auditors, B S R & Co. LLP, issued an unmodified opinion.
Total income for the quarter: 27,093.82 (Rs. in lakhs). For the half year: 52,365.02 (Rs. in lakhs).
Profit for the period for the quarter: 1,319.89 (Rs. in lakhs). For the half year: 2,441.52 (Rs. in lakhs).
Basic and diluted earnings per share: 21.68 for the quarter, 40.10 for the half year (not annualised).
The results presentation shows Profit Before Tax of Rs. 17.74 crore, down 9.80% quarter on quarter, with a PBT margin of 6.55%; EBITDA after exceptional item of Rs. 19.66 crore, a margin of 7.26%; and Total income of Rs. 270.94 crore, up 28.76% quarter on quarter.

Operating highlight

The company delivered 2,336 bus bodies during the quarter, compared with 1,966 bus bodies in the corresponding quarter of the previous financial year. The company said the IB business volume continues to be challenging due to the ongoing geopolitical situation in the Middle East, while domestic business remained stable with focus on operational efficiency and cost optimisation.

Change in Chairman

The Board appointed Ms. Swati Shivanand Salgaocar as Chairman of the Board with effect from December 7, 2026. Mr. Yatin Kakodkar will cease to be an Independent Director as well as Chairman of the Company with effect from closing hours of December 6, 2026.

Dividend already paid

A final dividend of Rs. 22.50 per equity share of Rs. 10 each was approved by shareholders at the Annual General Meeting held on 22 July 2026 for the year ended 31 March 2026, and was paid on 20 August 2026, resulting in a cash outflow of Rs. 1,369.94 lakhs.

What a retail holder can take away

The buy-back is at a fixed price, on a proportionate basis, from shareholders holding shares on the record date; the promoter group has said it will not tender.
The company separately reported its audited September quarter numbers with an unmodified audit opinion from its statutory auditors.

Rs. 29,00,01,195/-Maximum buy-back consideration

Profit before tax, latest quarter1,773.67 (Rs. In Lakhs)

Profit after tax, quarter1,121.63 (Rs. In Lakhs)

Maximum buy-back consideration Rs. 29,00,01,195/-: Profit before tax, latest quarter 1,773.67 (Rs. In Lakhs), Profit after tax, quarter 1,121.63 (Rs. In Lakhs).

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