Akar Auto Industries FY26 profit drops 85.7% to ₹92.18 lakh

1 min read     Updated on 29 May 2026, 10:23 PM
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AI Summary

Akar Auto Industries Limited reported a significant decline in financial performance for FY26, with net profit falling 85.7% to ₹92.18 lakh. The company incurred a net loss of ₹49.28 lakh in Q4 FY26, compared to a profit in the prior year. Revenue decreased by 9.6% for the full year, while total expenses remained largely stable.

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Akar Auto Industries Limited reported a net profit of ₹92.18 lakh for the financial year ended March 31, 2026, a sharp decline of 85.7% from ₹645.48 lakh in the previous year. The company recorded a net loss of ₹49.28 lakh for the quarter ended March 31, 2026, compared to a profit of ₹124.11 lakh in the same quarter of the prior year. Revenue from operations for the full year fell to ₹34,108.12 lakh from ₹37,710.27 lakh in FY25, while quarterly revenue dropped to ₹7,929.47 lakh from ₹9,395.89 lakh.

The Board of Directors approved the audited annual accounts and financial results at a meeting held on May 29, 2026. The statutory auditors issued an audit report with an unmodified opinion for the quarter and year ended March 31, 2026. The company is engaged in the business of automotive components and operates as a single reportable segment in accordance with Ind AS 108.

Total expenses for the year increased marginally to ₹33,633.33 lakh from ₹33,629.71 lakh in the previous year, driven by higher finance costs and depreciation. For the quarter, total expenses stood at ₹7,778.19 lakh. The company reported exceptional items of ₹113.82 lakh for the year and ₹4.13 lakh for the quarter.

The basic and diluted earnings per share (EPS) for the year stood at ₹0.85, down from ₹5.98 in the previous year. For the quarter ended March 31, 2026, the EPS was negative at ₹(0.46). The paid-up equity capital remained unchanged at ₹539.40 lakh.

Financial Performance

Metric Year Ended 31.03.2026 (₹ in Lakhs) Year Ended 31.03.2025 (₹ in Lakhs) Change (%)
Revenue from Operations 34,108.12 37,710.27 -9.6%
Total Income 34,143.11 37,738.21 -9.5%
Total Expenses 33,633.33 36,829.71 -8.7%
Profit for the Period 92.18 645.48 -85.7%
Basic EPS (₹) 0.85 5.98 -85.8%

Quarterly Results

Metric Quarter Ended 31.03.2026 (₹ in Lakhs) Quarter Ended 31.03.2025 (₹ in Lakhs)
Revenue from Operations 7,929.47 9,395.89
Total Income 7,938.84 9,407.20
Total Expenses 7,778.19 9,281.22
Profit for the Period (49.28) 124.11
Basic EPS (₹) (0.46) 1.15

Historical Stock Returns for Akar Auto Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+0.26%+0.96%+5.48%-32.18%-7.96%+388.92%

What specific measures is management taking to reverse the 85.7% decline in net profit and address the rising finance costs?

Is the drop in revenue from operations indicative of broader supply chain issues or reduced demand in the automotive components sector?

How does the company plan to stabilize its financial performance given the shift to a net loss in the final quarter of FY26?

Akar Auto board to meet on May 29 to consider FY26 results

1 min read     Updated on 21 May 2026, 11:43 AM
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AI Summary

Akar Auto Industries Ltd announced a board meeting on May 29, 2026, to approve audited financial results for the quarter and year ended March 31, 2026. The meeting will also consider the auditors' report on the financial results. The trading window for designated employees and directors is closed from April 1, 2026, to May 31, 2026.

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Akar Auto Industries Ltd has announced that its board of directors will meet on Friday, May 29, 2026, to discuss the company's financial performance. The meeting is scheduled to take place at 12:30 p.m. at the corporate office located in Aurangabad, Maharashtra. The primary agenda for the meeting is to consider and approve the audited financial results for the quarter and fiscal year ended March 31, 2026.

Agenda for the Board Meeting

The board will deliberate on key financial documents necessary for regulatory compliance and shareholder disclosure. The specific business to be transacted includes the approval of the audited financial results for the quarter and year ended March 31, 2026. Furthermore, the directors will take on record the auditors' report regarding these financial results.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window has been shut for designated insiders. This closure affects all designated employees and directors of the company. The window closed on April 1, 2026, and will remain closed until May 31, 2026, to prevent potential insider trading during the period of financial announcement.

Meeting Details

Detail Information
Meeting Date May 29, 2026
Meeting Time 12:30 p.m.
Venue Corporate Office, E-5, MIDC Area, Waluj, Aurangabad
Financial Period Quarter and Year ended March 31, 2026

Historical Stock Returns for Akar Auto Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+0.26%+0.96%+5.48%-32.18%-7.96%+388.92%

How has Akar Auto Industries' revenue and profitability trended over FY2026 compared to the previous fiscal year, and what key factors drove any significant changes?

Given the broader slowdown or growth in India's auto components sector, how well-positioned is Akar Auto Industries to capitalize on emerging opportunities such as EV component manufacturing?

Will the board consider announcing any dividend payouts or capital allocation changes following the approval of FY2026 audited results?

More News on Akar Auto Industries

1 Year Returns:-7.96%