Axtel Industries FY26 net profit rises 72.8% to ₹3115.95 lakhs

Axtel Industries reported a net profit of ₹3115.95 lakhs for the financial year ended March 31, 2026, a 72.8% increase from ₹1802.52 lakhs in the previous year. Revenue from operations rose 25.32% to ₹22376.69 lakhs compared to ₹17855.87 lakhs in FY25, driven by a rise in orders from clients. The company’s total turnover increased by ₹4520.82 lakhs during the year.

Financial Performance

The company’s profit before tax stood at ₹4140.40 lakhs for FY26, up from ₹2393.27 lakhs in the prior year. Earnings per share (EPS) for the year increased to ₹19.29 from ₹11.16 in FY25. The board of directors has recommended that the interim dividend of ₹12 per equity share (120%) declared for FY26 be considered as the final dividend at the upcoming annual general meeting.

Operational Highlights

Total turnover during the year was ₹22376.69 lakhs, an increase of 25.32% over the previous year’s ₹17855.87 lakhs. The company reported exports of ₹2688.59 lakhs during FY26. To manage the rise in orders, the company expanded its production capacity by extending its existing factory shed and installing additional machinery.

Dividend and Corporate Governance

The board declared an interim dividend of ₹12 per share for FY26. For the previous year, the total dividend paid was ₹11 per share. The company has voluntarily adopted a Dividend Distribution Policy in line with SEBI regulations. The annual general meeting is scheduled for July 31, 2026, via video conferencing.

Key Financial Metrics

Metric	FY26 (₹ in lakhs)	FY25 (₹ in lakhs)
Revenue from Operations	22,376.69	17,855.87
Profit Before Tax	4,140.40	2,393.27
Net Profit	3,115.95	1,802.52
Earnings Per Share	₹19.29	₹11.16

The auditors, VRCA & Associates, issued an unqualified report for the year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.98%	-2.61%	-3.44%	-0.39%	-8.60%	+24.02%

Solidarity Advisors Private Limited has increased its shareholding in axtel industries to 5.20% following an open market transaction on June 19, 2026. The acquisition, involving 70,824 equity shares representing 0.44% of the equity share capital, was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, acting under its SEBI-registered Portfolio Management Services license, does not belong to the promoter or promoter group of the target company.

Prior to the transaction, Solidarity Advisors Private Limited, along with persons acting in concert, held 7,68,951 shares, which accounted for 4.76% of the total equity share capital. The recent purchase of 70,824 shares brought the total post-acquisition holding to 8,39,775 shares. The total equity share capital of Axtel Industries Limited remains unchanged at 1,61,54,800 equity shares with a face value of INR 10, totaling INR 16,15,48,000.

The following table details the shareholding changes:

Shareholding Detail	Number of Shares	% of Total Share Capital	% of Diluted Share Capital
Before Acquisition
Shares carrying voting rights	7,68,951	4.76%	4.76%
Encumbrance	NIL	NIL	NIL
Voting rights otherwise than by equity shares	NIL	NIL	NIL
Warrants/convertible securities	NIL	NIL	NIL
Total	7,68,951	4.76%	4.76%
Acquisition Details
Shares acquired	70,824	0.44%	0.44%
After Acquisition
Shares carrying voting rights	8,39,775	5.20%	5.20%
Encumbrance	NIL	NIL	NIL
Voting rights otherwise than by equity shares	NIL	NIL	NIL
Warrants/convertible securities	NIL	NIL	NIL
Total	8,39,775	5.20%	5.20%

The acquisition was executed via the open market route. There are no encumbrances, voting rights other than equity shares, or warrants involved in the holding. The disclosure was submitted within the stipulated time prescribed under the SEBI (SAST) Regulations, 2011. Ms Naarah Myron Pereira, Head of Compliance at Solidarity Advisors Private Limited, confirmed the filing.