Outcome of Board Meeting held on May 28, 2025 is enclosed
Price
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On the reaction day the stock moved 7.4 pts more than Nifty Microcap 250 and 7.7 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' board approved audited FY25 results with revenue from operations rising to Rs. 24,037.41 lakhs (vs Rs. 22,065.73 lakhs in FY24, ~8.9% growth) and net profit of Rs. 899.51 lakhs (vs Rs. 855.20 lakhs, ~5.2% growth). EPS stood at Rs. 29.59 for the year. The board recommended a 15% dividend (Rs. 1.50 per share on Rs. 10 face value), subject to shareholder approval. Operating cash flow turned strongly positive at Rs. 1,005.66 lakhs compared to a negative Rs. 853.02 lakhs in FY24. The auditor M/s SRB Associates issued an unmodified opinion. The board also re-appointed Mr. Abhishek Saraf as Whole-time Director for 3 years and appointed a new secretarial auditor for FY26-FY30. The company announced expansion plans into industrial shoes, leather gloves, and garments manufacturing at Falta and Banipur in West Bengal.
Steady revenue and profit growth with positive operating cash flow recovery signals operational improvement. The proposed dividend and expansion plans into new product categories could support investor sentiment, though the growth rate is modest and power generation segment continues to post losses.