Audited Financial Results for the quarter and year ended 31.03.2026
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On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Acknit Industries reported flat revenue of Rs 24,042.61 lakhs for FY26, nearly unchanged from Rs 24,037.41 lakhs in FY25. However, net profit declined 9% to Rs 818.41 lakhs from Rs 899.51 lakhs, while EPS fell to Rs 26.92 from Rs 29.59. Q4 profit rose to Rs 361.44 lakhs from Rs 316.09 lakhs YoY. The Board recommended a 15% dividend (Rs 1.50 per share). Non-current borrowings surged nearly 12x to Rs 1,248.22 lakhs from Rs 107.47 lakhs. Inventories increased 13% to Rs 9,601.12 lakhs. The company expanded into garments (trial production started, 50% capacity expected Sept 2026), helmets (commercial production begun), and PPE/hand gloves. Two independent directors will cease tenure on May 29, 2026. Statutory auditors SRB & Associates issued an unmodified (clean) opinion.
The flat revenue with declining profitability is concerning, though the significant increase in borrowings appears linked to expansion activities. The clean audit opinion provides assurance on financial statement accuracy. The stock may see mixed reaction given the PAT decline despite new business segments coming online.