<h1>Acknit Industries Reports Quarterly Results Amid Global Tensions, Demonstrates Profit Growth</h1>
Acknit Industries Ltd announced its Unaudited Financial Results for the quarter ended June 30, 2026. The company reported overall growth in both top and bottom lines despite ongoing adverse geopolitical situations in the middle east. These results were approved by the Board of Directors following a meeting held on August 10, 2026.
The financial performance metrics for the quarter reflect sustained operations across various segments.
Quarterly Financial Highlights
For the quarter ended June 30, 2026, Acknit Industries recorded a Revenue from Operations of 6,205.57 lakhs. The company's Total Income stood at 6,207.87 lakhs. After accounting for total expenses of 5,914.40 lakhs, the company registered a Net Profit for the period of 218.10 lakhs.The Unaudited Financial Results, alongside the Limited Review Report issued by Statutory Auditors M/s SRB & Associates, showed performance across multiple periods. The financial summary in lakhs is detailed below:
| Particulars | Quarter Ended 30.06.2026 (Unaudited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 6,205.57 | 6,687.84 | 5,524.94 | 24,042.61 |
| Total Income | 6,207.87 | 6,704.41 | 5,537.40 | 24,076.43 |
| Total Expenses | 5,914.40 | 6,223.07 | 5,307.88 | 22,984.73 |
| Net Profit for the Period | 218.10 | 361.44 | 170.70 | 818.41 |
| Earnings per Share (Basic/Diluted) | 7.17 | 11.89 | 5.62 | 26.92 |
Segment Wise Performance Overview
The company's operations are divided into several segments, including Hand Gloves, Garment, and Power generation. The results for the quarter ended June 30, 2026, show revenue distribution across these verticals.Key segment financial indicators for the quarter ending 30.06.2026 (in lakhs) include:
| Segment | Net Sales / Income from Operations | Total Profit before Tax |
|---|---|---|
| Hand Gloves | 351.30 | 293.47 (Total Company PTBT) |
| Garment | 93.41 | |
| Power generation | (13.40) | |
| Others & traded items | 84.83 |
The overall segment results for the quarter ending June 30, 2026, were 516.14 lakhs. This is calculated after adjusting for finance costs and unallocable expenditure.
Audit and Compliance Status
The Unaudited Financial Results and Segment Results were reviewed by the Audit Committee and approved at the Board of Directors meeting. The company confirmed that its Statutory Auditors, M/s SRB & Associates Chartered Accountants, issued an unmodified opinion on the financial results.Stock Price Movement
Acknit Industries Ltd concluded trading today, settling at ₹310.00, edging higher by 0.27%. The shares moved through an intraday range, finding a low of ₹310.00 and peaking at ₹320.80 during the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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