Automobile Corporation of Goa Ltd-$
Automobile Corporation of Goa: Q2 FY27 Results & Rs. 29 Crore Buyback Approved
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 06:24 PM IST · BSE ID: 3cecb84c-4645-46bc-b7dd-95b39f31f2df
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its quarterly financial results and approved a plan to buy back some of its own shares worth Rs. 29,00,01,195.
🤖 AI Summary
- Board approved Audited Financial Results for the quarter and half year ended September 30, 2026.
- Approved buyback of up to 1,44,639 shares at Rs. 2,005 per share, totaling Rs. 29,00,01,195.
- Buyback represents 2.38% of total equity, to be conducted via Tender Offer route.
- Promoter and Promoter Group members indicated non-participation in the proposed Buyback.
- Ms. Swati Shivanand Salgaocar appointed Chairman of the Board effective December 7, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total income (Q2-FY27)
Rs. 270.94 crore
Buy-back Size
Rs. 29,00,01,195
Buy-back Price
Rs. 2,005/- per equity share
Shares to be bought back
1,44,639 equity shares
Buy-back Percentage of Capital
2.38%
🏢 How This Affects the Company
The company delivered 2,336 bus bodies in Q2 FY27, compared to 1,966 in the corresponding prior quarter. Domestic business remained stable, focusing on operational efficiency and cost optimization.
The buyback of shares, amounting to Rs. 29,00,01,195, will reduce the company's cash reserves and the total number of outstanding equity shares. Total income for Q2 FY27 increased to Rs. 270.94 crore, up 28.76% QoQ.
Operational highlights indicate a focus on efficiency and cost optimization, with bus body deliveries increasing in the quarter. The 'IB business volume' (international business) continues to be challenging due to the geopolitical situation in the Middle East.
The buyback's tender offer route involves a defined process under SEBI regulations, which the company must adhere to. The company acknowledges challenging international business volumes due to geopolitical factors.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders wishing to participate in the buyback must tender their shares on a proportionate basis via the Tender Offer route, following the public announcement.
👤
Who Is Affected
Shareholders owning equity shares as of the record date (October 28, 2026) are eligible to participate. Promoter and Promoter Group members, holding 48.98% pre-buyback, will not participate.
🔍
Management Signal
The buyback decision indicates management's intent to optimize capital structure and potentially enhance shareholder value through a reduced share count, while a new Chairman appointment signals governance transition.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Public Announcement of buyback process, timelines, and record date for shareholders.
Q3 FY27 financial results — check for improvements in PBT and margins.
Monitoring international business volume challenges in the Middle East region.
MEDIUM RISK
Declining PBT and margins QoQ, alongside ongoing geopolitical challenges impacting international business volume.
💡 Investor Takeaway
Automobile Corporation of Goa reported Q2 FY27 total income of Rs. 270.94 crore, up 28.76% QoQ, but PBT decreased 9.80% QoQ to Rs. 17.74 crore. A buyback of up to 1,44,639 shares at Rs. 2,005 per share, for Rs. 29,00,01,195, was approved.
⚖️ Strengths & Concerns
✅ Positives
- Q2 FY27 Total Income increased to Rs. 270.94 crore, marking a 28.76% growth QoQ from Rs. 252.71 crore in Q1 FY27.
- The company delivered 2,336 bus bodies in Q2 FY27, an increase from 1,966 bus bodies in Q2 FY26.
⚠️ Concerns
- Profit Before Tax (PBT) for Q2 FY27 declined to Rs. 17.74 crore, representing a 9.80% decrease QoQ from Q1 FY27.
- EBITDA margin for Q2 FY27 was 7.26%, lower than 10.02% in Q2 FY26 and 11.31% for 6M FY26.
📅 Company Track Record
In Q1 FY27, Automobile Corporation of Goa's Profit Before Tax declined by 50.84% QoQ to Rs. 15.19 crore, and total income was down 3.08% QoQ. Q2 FY27 results show an increase in total income but a further decline in PBT QoQ.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were Automobile Corporation of Goa's total income and PBT for Q2 FY27?
Automobile Corporation of Goa reported a total income of Rs. 270.94 crore and Profit Before Tax (PBT) of Rs. 17.74 crore for Q2 FY27.
What is the approved buyback size and price per share for Automobile Corporation of Goa?
The Board approved a buyback of up to 1,44,639 equity shares for an aggregate consideration not exceeding Rs. 29,00,01,195, at a price of Rs. 2,005/- per equity share.
Will the Promoter and Promoter Group participate in Automobile Corporation of Goa's buyback?
Members of the Promoter and Promoter Group of Automobile Corporation of Goa have indicated their intention not to participate in the proposed buyback.
Who has been appointed as the new Chairman of Automobile Corporation of Goa's Board?
Ms. Swati Shivanand Salgaocar (DIN 03500612) has been appointed as Chairman of the Board with effect from December 7, 2026.
Questions based on this BSE filing only. For information purposes.