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

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AKSH OPTIFIBRE Announces Quarterly Results (1QFY20); Net Profit Down 106.6%
Tue, 13 Aug

AKSH OPTIFIBRE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

AKSH OPTIFIBRE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,3927617701.2%-44.7%
Other incomeRs m161815-16.9%-8.5%
TurnoverRs m1,4087797850.8%-44.3%
ExpensesRs m1,089810694-14.4%-36.3%
Gross profitRs m304-1378-74.4%
DepreciationRs m627143-39.4%-30.4%
InterestRs m578761-30.3%7.5%
Profit before taxRs m201-154-12-105.9%
TaxRs m70-48-3-104.6%
Profit after taxRs m131-106-9-106.6%
Gross profit margin%21.8-1.710.1
Effective tax rate%35.031.227.5
Net profit margin%9.3-13.6-1.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 44.7% on a year-on-year (YoY) basis. The expenses were down by 36.3% YoY during the same period.
  • The company's operating profit declined by 74.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.1% in 1QFY20 as against 21.8% in 1QFY19.
  • Depreciation charges declined by 30.4% and finance costs increased by 7.5% YoY, respectively.
  • Other income declined by 8.5% YoY during the quarter.
  • Net profit for the quarter declined by 106.6% YoY. Net profit margins during the quarter declined from 9.3% in 1QFY19 to -1.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.4% QoQ during the same period.
  • The company's operating profit increased by 693.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 1QFY20 as against 1.7% in 4QFY19.
  • Net profit for the quarter increased by 91.9% QoQ, while net profit margins increased from -13.6% in 4QFY19 to -1.1% in 1QFY20.

To see how AKSH OPTIFIBRE has performed over the last eight quarters,please visit here.

AKSH OPTIFIBRE Share Price Performance

Over the last one year,AKSH OPTIFIBRE share price has moved down from Rs 30.8 to Rs 8.7, registering a Loss of Rs 22.1 or around 71.9%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 8.7, the price to earnings (P/E) ratio of AKSH OPTIFIBRE stands at 9.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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Related Views on News

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.

AKSH OPTIFIBRE Announces Quarterly Results (1QFY19); Net Profit Up 498.2% (Quarterly Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, AKSH OPTIFIBRE has posted a net profit of Rs 131 m (up 498.2% YoY). Sales on the other hand came in at Rs 1 bn (up 14.7% YoY). Read on for a complete analysis of AKSH OPTIFIBRE's quarterly results.

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Apr 3, 2020 12:55 PM

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