Vijay Kedia-backed Atul Auto shares fall 9% despite nearly 4x YoY surge in Q1 profit

Vijay Kedia-backed Atul Auto shares fell 9% despite a nearly four-fold year-on-year jump in Q1 FY27 net profit. Revenue rose 43%, supported by a sharp increase in three-wheeler dispatches. The company is also expanding its electric vehicle push through a partnership with Exponent Energy, targeting 15,000 rapid-charging electric three-wheelers.