Outcome of Board Meeting held today i.e. 14th August, 2025
AKI · price
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Awaiting price reaction for this filing.
The board, which met on 14 August 2025, approved the unaudited financial results for the quarter ended 30 June 2025 along with the limited review report from R K Parmarthi & Co. On a standalone basis, net sales fell about 39% year-on-year to ₹1,136.46 lakhs (from ₹1,870.98 lakhs in Q1 FY25), while other income rose to ₹128.77 lakhs. Standalone profit after tax dropped to ₹20.77 lakhs (from ₹35.59 lakhs), though it improved sequentially from ₹12.44 lakhs in Q4 FY25. EPS stood at ₹0.02 versus ₹0.04 a year ago. On a consolidated basis, net sales were ₹1,766.34 lakhs (vs ₹2,077.47 lakhs) and PAT was ₹23.04 lakhs (vs ₹43.42 lakhs). Cost of materials consumed jumped sharply to ₹1,740.11 lakhs standalone, partly offset by a large negative inventory adjustment of ₹(1,183.00) lakhs.
The year-on-year decline in both revenue and profit is a clear negative, but the sequential improvement in PAT and steady other income may offer modest support. Short-term sentiment is likely cautious given the sharp top-line contraction in the leather and leather goods business.