- AKI India Ltd reported QQ4 2025 revenue of INR 240.20 million, up 19.41% YoY and 6.26% QoQ, with gross profit of INR 39.14 million and a gross margin of 16.29%, driven by favorable product mix and volume growth within its leather and leather goods segments. EBITDA stood at INR 23.52 million (EBITDA margin ~9.79%), while operating income reached INR 32.22 million (operating margin ~13.41%).
- Net income was modest at INR 1.34 million, with a net margin of 0.56% as total other expenses net a negative INR 27.82 million suppressed bottom-line performance. Earnings per share (adjusted) were INR 0.02. The quarterly figures reflect structural leverage and working-capital intensity typical of a leather/textiles manufacturing franchise, compounded by a sizable drag from other income/expenses.
- The balance sheet shows solid liquidity metrics but a high working-capital footprint: total current assets INR 811.27 million vs current liabilities INR 459.23 million, yielding a current ratio of 1.77. Cash and cash equivalents stood at INR 27.81 million, with total debt at INR 242.14 million and net debt of INR 214.33 million. The company maintains a healthy equity base (INR 651.37 million) and a relatively moderate leverage profile (debt-to-assets ~0.21, debt-to-equity ~0.37).
- Management commentary is not captured in the provided transcript; no earnings-call transcript is available for direct quotes. Given the absence of explicit forward guidance, the outlook rests on macro drivers in the Indian leather and textiles space, export demand dynamics, and the company’s ability to manage working capital and raw-material costs. Investors should monitor commodity price trends, currency exposure, and global demand for leather goods as key near-term risk factors.