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Aksh Optifibre Announces Financial Results, FY22 Total Income up 16%

Aksh Optifibre logo

Delhi-headquartered Aksh Optifibre Ltd. [NSE: AKSHOPTFBR, BOM: 532351], manufacturer of Optical Fibre Cables (OFC), has announced its financial results for the fourth quarter of FY-22.

Aksh Optifibre Ltd.’s Consolidated Financial Results

YoY Comparison of Financials

Aksh Optifibre: Total Income and PAT Comparison: FY-21 vs FY-22

Aksh Optifibre recorded a total income of Rs 88.55 crore in the last quarter of FY-22, which is 30.23% higher than the company’s total income of Rs 67.99 crore during Q4 of FY-21.

For the entire financial year, the company’s total income increased by 16.08% to Rs 320.89 crore from Rs 276.43 crore in 2021-2022.

The OFC manufacturer clocked a Profit After Tax (PAT) of Rs 1.67 crore in the quarter ended 31st March 2022, from the loss of Rs 5.22 crore during Q4 of the previous fiscal.

The company managed to mitigate its Loss After Tax by 98.38% to Rs 0.41 crore in FY-22 from Rs 25.39 crore during FY-21.

QoQ Comparison of Aksh Optifibre’s Financials

Total Income and PAT Comparison: Q4 FY21 vs Q4 FY22 vs Q3 FY22

From Q3 to Q4 of FY-22, the total income of the company was up by 8.89% to Rs 88.55 crore from Rs 81.32 crore.

PAT showed a massive increase of 2,683.33% to Rs 1.67 crore from Rs 0.06 crore from Q3 to Q4 of FY-22.

About Aksh Optifibre Ltd.: Aksh Optifibre Ltd. started manufacturing OFCs in 1994. The company ventured into the Fibre Reinforced Plastic (FRP) rods business in 2000. The company supplies FRP rods to optical cable manufacturers across 56 countries.