Acknit Industries posts ₹8.18 cr profit as expansion projects advance
The company reported FY26 revenue of ₹241.99 crore and proposed a dividend of ₹1.50 per share while hitting key milestones across three new manufacturing units.
— 2 earlier stories on Acknit Industries Ltd. →What's new
- Trial production began at the Barasat garment factory, targeting 50% capacity by September 2026.
- Commercial production of helmets is now live, and PPE/glove trials have started at Falta III.
- Board proposed a final dividend of ₹1.50 per share and refreshed the independent director roster.
Why this matters
For a company with a market cap of ₹84 crore, these operational updates are the primary signal of growth. The transition from project announcement to trial and commercial production provides tangible evidence of the firm's diversification strategy.
What we're watching
- Capacity utilization rates at the Barasat unit following the September 2026 target.
- Revenue contribution from the new helmet and PPE manufacturing lines.
- Board stability following the departure of two independent directors.
The full read
Acknit Industries closed FY26 with a net profit of ₹8.18 crore on revenue of ₹241.99 crore.
Progress is visible.
Management confirmed that commercial production of helmets has started, while trial runs for personal protective equipment and hand gloves are underway at the expanded Falta III facility. The new garment factory in Barasat has also entered the trial phase, with a target of 50% capacity utilization by September 2026. These developments suggest the company is successfully moving its diversification strategy from the drawing board to the factory floor. The board also proposed a final dividend of ₹1.50 per share and managed a partial board refresh, reappointing one independent director while seeing two others depart. For a company of this size, these milestones are the primary indicators of future revenue visibility.
Questions answered
- What were the financial results for FY26?
- Acknit Industries reported an annual net profit of ₹8.18 crore on revenue of ₹241.99 crore for the year ended March 2026.
- What is the status of the company's expansion projects?
- The company has started trial production at its Barasat garment factory and Falta III facility for PPE and gloves. Additionally, commercial production of helmets has officially commenced.
- What dividend did the board propose?
- The board proposed a final dividend of ₹1.50 per share, which remains subject to approval by shareholders.
- Were there any changes to the board of directors?
- Yes, independent director Rajarshi Ghosh was reappointed for a second five-year term. Meanwhile, independent directors Mukul Banerjee and Jadav Lal Mukherjee stepped down following the completion of their tenures.
Story so far
All notes on ACKNIT →- 27 May 2026 · 6:50 PM IST Acknit Industries posts ₹8.18 cr profit as expansion projects advance
- today Acknit Industries starts trial production at new Barasat factory
- today Acknit Industries starts commercial production at new helmet plant