AKG Exim Q4 FY26 Results: Sales Slide, Margins Hit Low

Key takeaway from the latest numbers

AKG Exim’s latest reported quarterly numbers point to continued pressure on revenue and thin profitability. For the March 2026 quarter, the company reported a steep year-on-year fall in both sales and profit on consolidated as well as standalone bases. The latest data also highlights a fragile operating profile in FY26, including a quarter where operating profit (excluding other income) turned negative.

The company is widely tracked as a commodity trading and import-export player, where margins are typically low and earnings can swing on volumes and other income. In FY26, sequential declines in sales and deterioration in operating margin have become a recurring feature across multiple quarters in the available dataset.

Consolidated Q4 FY26 (March 2026): revenue and profit fall sharply

On a consolidated basis, AKG Exim reported net sales of ₹16.39 crore for the March 2026 quarter. This was down 44.55% from ₹29.56 crore in March 2025. Quarterly net profit came in at ₹0.07 crore, down 74.73% from ₹0.27 crore in March 2025.

These numbers reinforce the broader pattern visible through FY26, where sales have trended lower across successive quarters and profits have remained small in absolute terms. The gap between revenue contraction and profit contraction also reflects how sensitive earnings can be when operating margins are thin.

Standalone Q4 FY26 (March 2026): similar pressure on the core entity

On a standalone basis, AKG Exim reported net sales of ₹7.05 crore in March 2026, a 31.24% decline from ₹10.26 crore in March 2025. Standalone net profit was ₹0.09 crore, down 45.78% from ₹0.16 crore in March 2025.

The standalone decline matters because it typically reflects the performance of the core business entity more directly than consolidated results. Even with different base levels, both sets of numbers point in the same direction: weaker revenue compared with last year and lower profitability.

Q3 FY26 (Dec 2025): operating margin hits its weakest point

A detailed quarter snapshot for Dec 2025 (Q3 FY26) shows net sales of ₹18.19 crore, with a -21.70% sequential decline. Net profit for the quarter stood at ₹0.10 crore, with a -9.09% sequential drop. The most significant indicator was operating performance excluding other income: operating profit before depreciation, interest and tax (excluding other income) fell to ₹-0.48 crore, and the operating margin dropped to -2.64%.

This negative operating profit (excluding other income) was flagged as a key weakness, as it implies the core operations were not profitable during the quarter. In the same dataset, the operating margin is described as the weakest level observed across the trailing twelve quarters.

How the revenue contraction built up across FY25 and FY26

The available quarterly sequence indicates a prolonged slide. Revenues are described as having fallen from a peak of ₹40.38 crore in Q1 FY25 to the current levels reported for FY26 quarters, marking a 54.95% cumulative decline over six quarters as cited.

For context from the table-based data provided: Mar’25 net sales were ₹29.56 crore, Jun’25 net sales were ₹28.56 crore, Sep’25 net sales were ₹23.23 crore, and Dec’25 net sales were ₹18.19 crore. The sequence illustrates a steady weakening in turnover, consistent with the note stating this was the seventh consecutive quarter of declining sales.

Profitability: thin PAT margins and dependence on other income

The FY26 trend commentary also points to the role of other income in supporting reported profitability. In Q3 FY26, PAT margin was stated at 0.55%, improving slightly from 0.47% in Q2 FY26, and this was linked to other income of ₹0.82 crore during the quarter.

A separate consolidated snapshot for Q1 FY26 reinforces this dependence. Consolidated net profit for the period was reported at ₹0.0777 crore (₹7.77 lakhs), down 71.7% QoQ from ₹0.2742 crore (₹27.42 lakhs) in Q4 FY25 and down 65.3% YoY from ₹0.2245 crore (₹22.45 lakhs) in Q1 FY25. The same section states that stripping out other income from consolidated PBT of ₹0.1090 crore (₹10.90 lakhs) would imply core-operating PBT of ₹-0.2142 crore (₹-21.42 lakhs) for Q1 FY26.

Q2 FY26 (Sep 2025): modest margin improvement, sales still weak

For Q2 FY26 (Sep 2025), the dataset describes a mixed picture. Net sales were ₹23.23 crore, down 18.66% sequentially from ₹28.56 crore in Q1 FY26, and down 31.17% YoY from ₹33.75 crore in Q2 FY24 as cited.

Operating profit before depreciation, interest and tax (excluding other income) was stated at ₹0.38 crore, translating to an operating margin of 1.64%. Net profit was ₹0.11 crore, up 37.50% sequentially from ₹0.08 crore, but still 31.25% below the prior-year quarter as noted.

Stock performance signals investor caution in the period cited

The provided market snapshot notes the stock was trading at ₹12.52 on November 7, 2025, and had declined 34.17% over the past year. The same section cites negative alpha relative to the Sensex, comparing the stock’s fall with a 4.62% Sensex gain.

Another line notes the share price moved down by -0.31% from its previous close of ₹13.17. While quarterly results do not directly dictate near-term price moves, this information indicates the period was marked by cautious sentiment.

Summary table: key reported quarterly metrics (as provided)

Why the FY26 numbers matter for tracking the business

Across the provided FY26 commentary, the main issue is not just lower revenue but the operating profile when other income is excluded. A negative operating profit (excluding other income) and a negative operating margin, as reported for Q3 FY26, suggests that the underlying trading operations faced a difficult quarter.

A separate analysis note in the text assigns a “Score: 20/100” and states “For Fresh Investors: Avoid entirely”, citing metrics such as ROE 1.55%, ROCE 2.28%, -28.41% five-year EBIT CAGR, and -78.23% stock performance over three years. Readers should treat such scoring as an external assessment, but the cited numbers align with a period of weak growth and low returns.

Conclusion

AKG Exim’s reported March 2026 quarter shows a sharp year-on-year fall in sales and profits across both consolidated and standalone results. The FY26 quarter-by-quarter narrative also highlights pressure on operating profitability, including a quarter where operating profit (excluding other income) was negative and margins slipped to -2.64%. Future investor focus is likely to remain on whether sales stabilize and whether operating profitability improves without relying heavily on other income.