Earnings | Acknit Industries Limited (NSE: ACKNIT): Q4FY23 Results Out; Total Income fell 17% YoY.

Acknit Industries Limited is a versatile company involved in the manufacturing and export of various products. They specialize in the production of industrial safety hand gloves, industrial garments, and fashionable garments. With a focus on providing safety solutions, they cater to the needs of industrial sectors. Additionally, Acknit Industries Limited is actively engaged in power generation. This diversification showcases their commitment to expanding their operations and utilizing different avenues for business growth.

• Acknit Industries Limited reported Total Income for Q4 FY23 of ₹53 Crore down from ₹64 Crore year on year, a negative growth of 17%.
• Total Expenses for Q4 FY23 of ₹50 Crore down from ₹60 Crore year on year, a negative growth of 16%.
• Consolidated Net Profit of ₹ 2.25 Crore, down 4% from ₹2.35 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹7.42, down 4% from ₹7.75 in the same quarter of the previous year.