Aksh Optifibre: Impressive performance - Views on News from Equitymaster

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Aksh Optifibre: Impressive performance

Apr 18, 2001

Aksh Optifibre has reported a significant growth in topline. However, the results are not strictly comparable, as the topline of FY00 includes the sales of the PVC unit now hived off. Also, sales of FY01 are inclusive of the merger with Telecords (India) Pvt Ltd, which amounted to Rs 41.5 m. Excluding the sales of the merged company the topline of Aksh Optifibre has increased by 38%.

(Rs m) FY00 FY01 Change
Net Sales 1,002 1,425 42.3%
Other Income 20 24 19.2%
Expenditure 913 1,191 30.5%
Operating Profit (EBDIT) 89 234 163.7%
Operating Profit Margin (%) 8.9% 16.4%  
Interest 35 26 -27.1%
Depreciation 15 23 56.6%
Profit before Tax 59 209 255.7%
Tax 6 18  
Profit after Tax/(Loss) 53 191 258.4%
Net profit margin (%) 5.3% 13.4%  
No. of Shares (eoy) (m) 14.0 22.0  
Diluted earnings per share 3.8 8.7  
P / E ratio   10.5  

The operating profits of the company has doubled. This has largely been due to the OPM increasing by 750 basis points. The net profit is also not comparable due to the sales impact. Also, the company has changed the accounting policy for recording issue expenses. The amortisation per year seems to have been reduced, as following the earlier policy the profits of the company would have reduced by Rs 5.3 m. The strong growth in bottomline is mainly due to the low profit base of the company.

At Rs 91.4 the company trades on a multiple of 10.5x FY01 earnings.


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AKSH OPTIFIBRE Announces Quarterly Results (1QFY20); Net Profit Down 106.6% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, AKSH OPTIFIBRE has posted a net profit of Rs 9 m (down 106.6% YoY). Sales on the other hand came in at Rs 770 m (down 44.7% YoY). Read on for a complete analysis of AKSH OPTIFIBRE's quarterly results.

AKSH OPTIFIBRE Announces Quarterly Results (4QFY19); Net Profit Down 217.8% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, AKSH OPTIFIBRE has posted a net profit of Rs 106 m (down 217.8% YoY). Sales on the other hand came in at Rs 761 m (down 55.0% YoY). Read on for a complete analysis of AKSH OPTIFIBRE's quarterly results.

AKSH OPTIFIBRE 2017-18 Annual Report Analysis (Annual Result Update)

Jan 29, 2019 | Updated on Jan 29, 2019

Here's an analysis of the annual report of AKSH OPTIFIBRE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of AKSH OPTIFIBRE. Also includes updates on the valuation of AKSH OPTIFIBRE.

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