Outcome of Board Meeting held on 29.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Akar Auto Industries Ltd reported audited financial results for the year ended March 2026. Revenue from operations declined to Rs 34,108.12 lakhs from Rs 37,710.27 lakhs in the previous year, representing a revenue decline of approximately 9.5%. Profit after tax (PAT) dropped significantly to Rs 92.18 lakhs from Rs 645.48 lakhs in the previous year, a decline of about 86%. The company posted a net loss of Rs 49.28 lakhs for Q4 FY26 compared to a profit of Rs 124.11 lakhs in Q4 FY25. EPS for the year stood at Rs 0.85 versus Rs 5.98 in the previous year. The statutory auditors issued an unmodified (clean) audit opinion on the financial results.
The sharp decline in revenue and profitability is a concern for shareholders. The clean audit opinion provides some comfort, but the substantial drop in earnings and negative Q4 performance may weigh on the stock price in the near term.