Aksh Optifibre Announces Q1 FY-25 Results, Revenue Drops 27%, Reports Loss
Aksh Optifibre Limited [NSE: AKSHOPTFBR, BOM: 532351], an Indian Optical Fibre Cable (OFC) manufacturer, has announced its financial results for Q1 of FY-25.
Aksh Optifibre’s Q1 FY-25 Standalone Financial Results
Aksh Optifibre reported a standalone revenue of Rs. 40.98 crore during Q1 of FY-25 and the company reported loss of Rs. 3.11 crore for first quarter of FY-25.
Consolidated Q1 FY-25 Financial Analysis of Aksh Optifibre
YoY Comparison of Aksh Optifibre’s Financial Performance: Q1 FY-25 vs. Q1 FY-24
Aksh Optifibre clocked a revenue of Rs. 41.95 crore from operations during Q1 of FY-25 against Rs. 57.93 crore reported for Q1 of FY-24. This shows a YoY decrease of 27.59% in the company’s revenue. Further, Aksh reported a net loss of Rs. 5.52 crore for first quarter of FY-25 which is 3.07 times the company’s net loss of Rs. 1.80 crore during Q1 of FY-24.
The company reported its loss per share as Rs. 0.34 during Q1 of FY-25 against Rs. 0.11 during Q1 of FY-24.
QoQ Comparison of Aksh Optifibre’ Financials: Q1 FY-25 vs. Q4 FY-24
The company’s revenue during Q1 of FY-25 decreased by 16.59% from Rs. 50.29 crore revenue earned during Q4 of FY-24. Aksh Optifibre’s QoQ loss decreased by 90.86% from Rs. 60.37 crore loss reported by the company during Q4 FY-24.
Segment-Wise Revenue Comparison of Aksh Optifibre
Manufacturing: The company earned revenue of Rs. 28.20 crore from its manufacturing business against Rs. 43.19 crore clocked by Aksh Optifibre during Q1 of FY-24. This reflects that company’s revenue from this business slumped by 34.71% YoY.
Some of Aksh’s product offerings in this segment include OFCs, Aramid Reinforcement Plastic (ARP) rods, Fibre Reinforcement Plastic (FRP) rods, LEDs, and Ophthalmic lenses.
Services: This segment comprises services offered by Aksh Optifibre in the areas of e-governance, Voice Over Internet Protocol (VoIP), Fibre-To-The-Home (FTTH), and Internet Protocol Television (IPTV).
Aksh Optifibre’s revenue from its Services business decreased by 6.65% to Rs. 13.76 crore during Q1 of FY-25 from Rs. 14.74 crore logged for Q1 of FY-24.
About Aksh Optifibre Limited: Aksh Optifibre Ltd. was established in 1986, and in 2000, the company diversified into FRP manufacturing. Aksh has two plants at Bhiwadi for Optical Fibre Cable manufacturing and one plant at Reengus, Rajasthan for Fibre Reinforced Plastic Rods (FRP) manufacturing.
