AKI India Limited reported QQ3 2025 revenue of INR 226.06 million, rising 17.3% year-over-year and 66.7% quarter-over-quarter. The gross profit stood at INR 39.10 million, delivering a gross margin of 17.3%. EBITDA was INR 19.70 million, while operating income was modest at INR 1.05 million, signaling material operating leverage from the revenue base. Net income totaled INR 7.19 million, with an EPS of INR 0.08. The quarterly results reflect a healthier top-line trajectory than a year ago and partial translation into operating profitability, aided by other income of INR 9.54 million which more than offset a tightly managed operating expense base.
Valuation metrics imply a relatively rich multiple backdrop (P/E ~39.8x, P/S ~5.07x) given the small-scale earnings base and nascent profitability. Management commentary (where disclosed) is not available in the provided dataset for QQ3 2025, limiting insights into strategic pivots or explicit long-term targets. Nevertheless, the quarter reinforces AKI’s exposure to leather goods and footwear within the Consumer Cyclical space, with potential upside from export channels and product diversification if operating margin expansion can be sustained. Investors should monitor leverage, working capital efficiency, and the cadence of revenue growth as the company scales from a relatively modest earnings base.