Aksh Optifibre Q2 FY-25 Financials: Revenue Down 57%, Company Again Reports Loss

December 9, 2024396 Views Aksh Optifibre, Cables, Financials, Optical Fibre

Aksh Optifibre Limited [NSE: AKSHOPTFBR, BOM: 532351], an Indian Optical Fibre Cable (OFC) manufacturer, has announced its financial results for Q2 of FY-25.

Aksh Optifibre’s Q2 FY-25 Standalone Financial Results

Aksh Optifibre earned a standalone revenue of Rs. 25.89 crore during Q2 of FY-25 and a Profit After Tax (PAT) Rs. 3.53 crore for Q2 of FY-25.

Aksh Optifibre’s Consolidated Financials for Q2 FY-25

YoY Comparison of Aksh Optifibre’s Financial Performance: Q2 FY-25 vs. Q2 FY-24

Aksh Optifibre Revenue Comparison: Q2 FY-24 vs. Q2 FY-25 vs. Q1 FY25

Aksh Optifibre clocked a revenue of Rs. 26.12 crore from operations during Q2 of FY-25 against Rs. 60.34 crore reported for Q2 of FY-24. This shows a YoY decrease of 56.71% in the company’s revenue. The company reported a net loss of Rs. 9.06 for Q2 of FY-25 which is 83.77% higher then the company’s net loss of Rs. 4.93 during Q2 of FY-24.

Aksh Optifibre PAT Comparison: Q2 FY-24 vs. Q2 FY-25 vs. Q1 FY25

The company reported its loss per share as Rs. 0.56 during Q2 of FY-25 against Rs. 0.30 during Q2 of FY-24.

QoQ Comparison of Aksh’s Financials: Q2 FY-25 vs. Q1 FY-25

On Quarter-over-Quarter (QoQ) basis, Aksh’s revenue was down by 37.74% from Rs. 41.95 crore reported for Q1 of FY-25. The company’s loss was up QoQ by 64.13% from Rs. 5.52 crore loss in Q1 of FY-25.

Segment-Wise Revenue Analysis of Aksh Optifibre

Aksh Optifibre Segment-wise Revenue: Q2 FY24 vs. Q2 FY25

Manufacturing: This segment of the company brought in Rs. 15.04 crore during Q2 of FY-25 and Rs. 35.90 crore during Q2 of FY-24. This represents a YoY decrease of 58.11% in the company’s quarterly revenue from this segment.

Services: Aksh Optifibre’s quarterly revenue from Services segment tumbled by 54.66% YoY to Rs. 11.08 crore during Q2 of FY-25 against Rs. 24.44 crore during Q2 of FY-24.

Aksh Optifibre’s Share Prices 7% Down After Announcing Q2 FY-25 Financials

Aksh Optifibre’s share price tumbled by 6.81% on the day of announcement of its Q2 FY-25 financial results as compared to the previous trading day. The company’s share price was Rs. 10.25 apiece on the day of announcement of its financials and Rs. 11 on the previous trading day.

The company’s volume of share trades slumped to 8,12,000 trades on the day of announcement against 11,86,000 trades on the previous trading day.

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.