Outcome of Board Meeting dated 11.02.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.7 pts more than Nifty Microcap 250 and 6.2 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 Q3 FY26 revenue of ₹5,149.75 lakhs, down about 7% from ₹5,527.89 lakhs in Q3 FY25, with net profit falling to ₹145.55 lakhs from ₹177.26 lakhs (~18% YoY drop). For the nine months ended December 2025, revenue was nearly flat at ₹17,354.77 lakhs versus ₹17,490.03 lakhs a year ago, while net profit declined roughly 22% to ₹456.97 lakhs from ₹583.42 lakhs. Statutory auditors SRB & Associates issued a clean (unmodified) limited review opinion on the results. On the business front, the Board announced several expansion moves: starting PPE manufacturing at Falta Sector III, exploring expansion at Banipur Textile Park, planning production at a new Jhautala factory in Barasat, getting allotted 5,000 sq. mt. at the Kolkata Leather Complex for leather goods, and entering helmet manufacturing. The company also said it is reviewing whether to continue in wind power generation as its windmill is nearing end of life.
Near-term financials are weak — both revenue and profits are down on a YoY basis, especially the sharp Q3 decline and ~22% fall in nine-month profit — which may pressure the stock in the short term. However, the multiple expansion announcements across PPE, leather goods, helmets, and new factories signal a growth pivot that could support earnings over the medium term.