AKSH OPTIFIBRE Announces Quarterly Results (4QFY19); Net Profit Down 217.8%
Thu, 30 May

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

AKSH OPTIFIBRE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,6931,377761-44.7%-55.0%
Other incomeRs m142118-14.0%22.7%
TurnoverRs m1,7081,397779-44.2%-54.4%
ExpensesRs m1,4431,133810-28.5%-43.9%
Gross profitRs m243244-13-105.4%-105.4%
DepreciationRs m59517139.3%20.7%
InterestRs m60768715.0%45.5%
Profit before taxRs m138138-154-212.1%-211.8%
TaxRs m4850-48-196.1%-200.5%
Profit after taxRs m9088-106-221.2%-217.8%
Gross profit margin%14.317.8-1.7
Effective tax rate%34.736.431.2
Net profit margin%5.36.3-13.6
* 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 55.0% on a year-on-year (YoY) basis. The expenses were down by 43.9% YoY during the same period.
  • The company's operating profit declined by 105.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.7% in 4QFY19 as against 14.3% in 4QFY18.
  • Depreciation charges increased by 20.7% and finance costs increased by 45.5% YoY, respectively.
  • Other income increased by 22.7% YoY during the quarter.
  • Net profit for the quarter declined by 217.8% YoY. Net profit margins during the quarter declined from 5.3% in 4QFY18 to -13.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 44.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.5% QoQ during the same period.
  • The company's operating profit declined by 105.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.7% in 4QFY19 as against 17.8% in 3QFY18.
  • Net profit for the quarter declined by 221.2% QoQ, while net profit margins declined from 6.3% in 3QFY18 to -13.6% in 4QFY19.

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 up from Rs 36.4 to Rs 13.8, registering a Loss of Rs 22.6 or around 62.2%.

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 13.8, the price to earnings (P/E) ratio of AKSH OPTIFIBRE stands at 7.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.