Automobile Corporation of Goa Ltd-$
Automobile Corporation of Goa Ltd: Q2 FY27 Results and Rs. 29 Crore Buyback Approved
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 06:03 PM IST · BSE ID: 40b661b9-0c26-46c9-a42a-58e81e29e8c1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its latest financial results and approved buying back shares worth Rs. 29 crore from public shareholders.
🤖 AI Summary
- Board approved a share buyback of up to 1,44,639 equity shares for Rs. 29,00,01,195.
- Buyback price fixed at Rs. 2,005 per equity share through tender offer route.
- Promoter and promoter group members stated intent not to participate in the buyback.
- Q2 FY27 total income reported at Rs. 270.94 crore, with PBT at Rs. 17.74 crore.
- 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
Total income (Q1 FY27)
Rs. 252.71 crore
Total income (Q2 FY26)
Rs. 210.43 crore
PBT (Q2 FY27)
Rs. 17.74 crore
PBT (Q1 FY27)
Rs. 15.19 crore
PBT (Q2 FY26)
Rs. 19.66 crore
Buyback Price
Rs. 2,005/- per equity share
Buyback Size
Rs. 29,00,01,195/-
Buyback % of Capital
2.38%
🏢 How This Affects the Company
Total income for Q2 FY27 reached Rs. 270.94 crore, driven by delivering 2,336 bus bodies compared to 1,966 in the prior year's corresponding quarter. International business volume continues to be challenging due to geopolitical factors.
The approved buyback of Rs. 29,00,01,195 will reduce the company's cash reserves and equity share capital by 2.38%. PBT for Q2 FY27 declined 9.80% QoQ to Rs. 17.74 crore despite a QoQ increase in total income.
The company delivered 2,336 bus bodies in Q2 FY27, an increase from 1,966 in Q2 FY26. Domestic business remained stable, with a continued focus on operational efficiency and cost optimisation.
Ongoing geopolitical situations in the Middle East continue to challenge the international bus business volume, indicating a sustained external risk factor.
👥 What This Means For Shareholders
✅
Action Required
Shareholders interested in participating in the buyback must hold shares by the record date, October 28, 2026, and follow the tender offer process as detailed in the forthcoming public announcement.
👤
Who Is Affected
Eligible equity shareholders as on the Record Date (October 28, 2026) will be affected. Promoter and promoter group members (29,82,214 shares, 48.98% holding) have indicated they will not participate.
🔍
Management Signal
The buyback decision indicates management's intent to return capital to shareholders and potentially enhance shareholder value through reduced share count, while a new Chairman appointment signals leadership transition.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Release of Public Announcement for buyback — check full terms and timelines.
Record Date for buyback on October 28, 2026 — shareholder eligibility.
Q3 FY27 financial results — assess sustained revenue growth and profit margins.
MEDIUM RISK
International business faces challenges due to geopolitical situations, impacting revenue streams and profitability.
💡 Investor Takeaway
Automobile Corporation of Goa Ltd reported Q2 FY27 total income of Rs. 270.94 crore, up 28.76% QoQ, but PBT fell 9.80% QoQ to Rs. 17.74 crore. The Board approved a buyback of 1,44,639 shares at Rs. 2,005 per share, totaling Rs. 29,00,01,195, with promoters not participating.
⚖️ Strengths & Concerns
✅ Positives
- Q2 FY27 total income increased by 28.76% QoQ to Rs. 270.94 crore, reflecting revenue growth.
- Company delivered 2,336 bus bodies in Q2 FY27, up from 1,966 in Q2 FY26, indicating improved production volume.
⚠️ Concerns
- Profit Before Tax (PBT) for Q2 FY27 declined by 9.80% QoQ to Rs. 17.74 crore, despite revenue growth.
- EBITDA margin decreased to 7.26% in Q2 FY27 from 10.02% in Q2 FY26, indicating reduced operational efficiency YoY.
📅 Company Track Record
In Q1 FY27, Automobile Corporation of Goa Ltd's PBT declined 50.84% QoQ to Rs. 15.19 crore, with total income down 3.08% QoQ. The current Q2 FY27 results show a QoQ increase in total income but a further PBT decline.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Automobile Corporation of Goa Ltd's total income in Q2 FY27?
Automobile Corporation of Goa Ltd reported a total income of Rs. 270.94 crore for the quarter ended September 30, 2026 (Q2 FY27).
What is the approved buyback price per share for Automobile Corporation of Goa Ltd?
The Board approved a buyback price of Rs. 2,005/- per equity share for Automobile Corporation of Goa Ltd.
What is the total size of the share buyback approved by Automobile Corporation of Goa Ltd?
The aggregate consideration for the buyback is not exceeding Rs. 29,00,01,195/- (Rupees Twenty-Nine Crore One Thousand One Hundred Ninety Five only).
Will the promoters of Automobile Corporation of Goa Ltd participate in the buyback?
Members of the Promoter and Promoter group of Automobile Corporation of Goa Limited have indicated their intention not to participate in the proposed Buyback.
Who has been appointed as the new Chairman of Automobile Corporation of Goa Ltd'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.