Acknit Industries FY26 profit dips, recommends 15% dividend
Acknit Industries reported a decline in net profit to ₹818.41 lakh for FY26 while revenue saw a marginal increase. The Board recommended a 15% dividend and approved the re-appointment of an Independent Director alongside the cessation of two others. Operational updates included the commencement of trial production at new facilities.
*this image is generated using AI for illustrative purposes only.
Acknit Industries reported a net profit of ₹818.41 lakh for the financial year ended March 31, 2026, a decrease from ₹899.51 lakh in the previous year. Revenue from operations for FY26 stood at ₹24,042.61 lakh, marginally higher than ₹24,037.41 lakh in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹361.44 lakh on revenue of ₹6,687.84 lakh. The Board of Directors approved the audited standalone financial results at its meeting held on May 27, 2026.
The Board recommended a final dividend of 15%, or ₹1.50 per equity share of ₹10 each, for FY26, subject to shareholder approval at the ensuing Annual General Meeting. M/s SRB & Associates, Statutory Auditors, issued an unmodified opinion on the audited standalone financial results for the quarter and year ended March 31, 2026.
Corporate Governance Changes
The Board approved the re-appointment of Mr. Rajarshi Ghosh as an Independent Director for a second term of five years effective June 30, 2026, subject to shareholder approval. Concurrently, Mr. Mukul Banerjee and Mr. Jadav Lal Mukherjee will cease to be Independent Directors upon the completion of their tenures at the close of business hours on May 29, 2026. Their departures will result in vacancies across the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee.
Operational Updates
The company provided updates on its expansion initiatives, noting that trial production has commenced at its new garment factory in Kolkata, with 50% capacity utilisation expected from September 2026. Commercial production of helmets has also begun. Furthermore, trial production for personal protective equipment and hand gloves has been initiated at the Falta III expansion facilities.
Financial Results Summary
| Particulars | Year Ended 31.03.2026 (₹ in lakhs) | Year Ended 31.03.2025 (₹ in lakhs) |
|---|---|---|
| Revenue from Operations | 24,042.61 | 24,037.41 |
| Total Income | 24,076.43 | 24,084.81 |
| Total Expenses | 22,984.73 | 22,870.27 |
| Profit Before Tax | 1,091.70 | 1,214.54 |
| Net Profit | 818.41 | 899.51 |
| Earnings Per Share (Basic) | 26.92 | 29.59 |
Historical Stock Returns for Acknit Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.14% | -0.80% | -5.08% | +14.97% | +13.68% | +145.94% |
How will the departure of two independent directors impact the effectiveness of the Audit and Nomination committees before replacements are found?
What revenue contribution is expected from the new helmet and personal protective equipment lines once full commercial production is achieved?
Will the increase in total expenses relative to revenue stabilize once the new Kolkata factory reaches 50% capacity utilization?
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