Outcome of Board Meeting held on 14.11.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acknit Industries' board approved its Q2 FY26 and H1 FY26 results on 14 Nov 2025, with statutory auditors SRB & Associates issuing an unmodified (clean) limited review opinion. Revenue from operations rose modestly to Rs 6,680 lakhs in Q2 FY26 (vs Rs 6,240 lakhs in Q2 FY25, ~7% YoY growth), taking H1 FY26 revenue to Rs 12,205 lakhs versus Rs 11,962 lakhs in H1 FY25. However, profit after tax fell sharply to Rs 141 lakhs in Q2 FY26 from Rs 208 lakhs in Q2 FY25 (~32% YoY decline), with H1 PAT at Rs 311 lakhs vs Rs 406 lakhs last year. EBITDA margin also compressed from ~7% to ~5.5% as finance costs rose ~57% YoY. Segment-wise, the Hand Gloves business saw both revenue and profitability decline, while the Garment segment delivered strong growth in both top line and profits. Net cash from operations remained healthy at Rs 786 lakhs for H1 FY26.
Mixed signal for shareholders — top line is stable with segment-level growth in Garments offsetting weakness in Hand Gloves, but shrinking margins and a sharp ~32% YoY drop in Q2 PAT highlight profitability pressure. Watch for margin recovery and whether the Hand Gloves slowdown deepens, as this could weigh on the stock near-term despite the clean audit opinion.