Aksh Optifibre narrows FY26 loss, auditors flag unrecognised liabilities
Aksh Optifibre Limited reported a narrowed net loss of ₹856.42 lakh for FY26 against ₹2,011.30 lakh in FY25, with revenue from operations at ₹12,570.66 lakh. The company turned profitable in Q4FY26 with a net profit of ₹25.67 lakh. Statutory auditors issued a qualified opinion due to unrecognised liabilities of ₹2,986.54 lakh related to interest and duties, which management expects to resolve via an amnesty scheme.
*this image is generated using AI for illustrative purposes only.
Aksh Optifibre Limited reported a narrowed net loss of ₹856.42 lakh for the financial year ended March 31, 2026, compared to a loss of ₹2,011.30 lakh in the previous year. Revenue from operations for the year stood at ₹12,570.66 lakh, slightly lower than the ₹12,712.48 lakh recorded in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹25.67 lakh, a turnaround from the loss of ₹1,760.53 lakh in the same period last year.
The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 at a meeting held on May 28, 2026. The meeting also saw the appointment of M/s. Ajay Kumar Singh & Co., Cost Accountants, for the financial year 2026-27 and the re-appointment of Felix Advisory Private Limited as Internal Auditor.
Financial Performance
The company’s total income for FY26 was ₹12,772.02 lakh, down from ₹12,869.17 lakh in the previous year. Total expenses decreased to ₹13,935.55 lakh from ₹15,109.08 lakh in FY25. The company reported an exceptional income of ₹57.13 lakh for the year, compared to ₹38.73 lakh in the prior year.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 12,570.66 | 12,712.48 |
| Total Income | 12,772.02 | 12,869.17 |
| Total Expenses | 13,935.55 | 15,109.08 |
| Net Profit/(Loss) | (856.42) | (2,011.30) |
| Basic EPS | (0.53) | (1.24) |
Audit Qualifications and Disclosures
P.C. Bindal & Co., the statutory auditors, issued a qualified opinion on the standalone and consolidated financial results. The qualification arises from the company's failure to account for interest aggregating to ₹2,146.35 lakh and cenvatable duty aggregating to ₹840.19 lakh related to the Advance Authorization scheme and Export Promotion Capital Goods (EPCG) schemes.
The management believes these liabilities will be resolved under a government amnesty scheme and has not recognised them in the financial results. Had these liabilities been recognised, total liabilities as at March 31, 2026, would have increased by ₹2,986.54 lakh, and the loss for the year would have increased by ₹115.01 lakh (net of tax).
The auditors also drew attention to several matters, including foreign currency payables and receivables outstanding beyond the period prescribed by the Foreign Exchange Management Act, and an application filed by a financial creditor under the Insolvency and Bankruptcy Code, 2016, which is pending adjudication before the National Company Law Tribunal. Additionally, the company received notices from Union Bank of India and HDFC Bank under the SARFAESI Act, 2002, regarding outstanding dues, which the company is actively pursuing to settle through a One Time Settlement arrangement.
Historical Stock Returns for Aksh Optifibre
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.84% | -3.02% | -1.93% | -10.56% | -34.76% | -17.57% |
What is the expected timeline for the resolution of the pending amnesty scheme application regarding the unrecognised interest and cenvatable duty liabilities?
How will the ongoing One Time Settlement negotiations with Union Bank of India and HDFC Bank impact the company's liquidity and debt obligations in the coming quarters?
What are the potential financial and operational consequences if the National Company Law Tribunal admits the financial creditor's insolvency application?
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