Outcome of the Board Meeting held on 13th August 20255
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Akar Auto Industries' board met on 13th August 2025 and approved unaudited financial results for Q1 FY26 (quarter ended 30th June 2025). Revenue from operations fell to Rs. 9,043.74 lakhs from Rs. 9,494.23 lakhs in the same quarter last year, a decline of around 4.7% year-on-year. However, net profit actually rose to Rs. 181.54 lakhs from Rs. 153.65 lakhs, up about 18% YoY, with EPS improving to Rs. 1.68 from Rs. 1.42. The board also recommended a 12% dividend (Rs. 0.60 per share of Rs. 5 face value) for FY25, subject to shareholder approval at the 36th AGM on 30th September 2025. A new statutory auditor, M/s Singh Mundada & Associates, has been proposed to replace the current auditor, and Mr. Sunil Todi has been re-appointed as Managing Director for another 5-year term.
Profitability improved despite lower revenue, suggesting better cost control. The change of statutory auditor is a governance event shareholders should note, while the proposed dividend signals steady returns. The market may focus on the topline decline even as bottom-line growth holds up.