BSEAmkay Products LtdMediumNeutral
Announced Thu, 28 May · 17:53 IST

Outcome of the Board Meeting

Management Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-9.0%1-day move
₹61.00
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AI summary

Amkay Products Ltd held its Board Meeting on May 28, 2026, and approved the audited financial results for FY2026 ending March 31. The company reported total revenue of ₹4,269.64 Lakhs (up 7.5% from ₹3,970.84 Lakhs), but profit before tax declined 25% to ₹320.45 Lakhs from ₹429.77 Lakhs in the previous year. Profit after tax fell 31% to ₹231.10 Lakhs (vs ₹333.85 Lakhs), with EPS at ₹2.67 compared to ₹3.96 last year. Total assets grew to ₹3,331.04 Lakhs from ₹2,988.68 Lakhs. Cash and cash equivalents doubled to ₹317.95 Lakhs. The company also appointed M/s. Soni Punit & Associates as Internal Auditor for FY 2026-27.

Likely market impact

Revenue growth was offset by a significant profit decline, suggesting cost pressures or margin compression. The strong cash position is a positive sign, but declining profitability may concern investors.