Aksh Optifibre
7.31
-0.09(-1.22%)
Market Cap₹118.90 Cr
PE Ratio-4.44
IndustryTelecom
Company Performance:
1D-1.22%
1M+1.95%
6M-19.49%
1Y-30.18%
5Y+31.71%
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Latest news about Aksh Optifibre
Aksh Optifibre Reports Wider Losses in Q1 Amid Revenue Decline and Banking Disputes Aug 08, 2025
Aksh Optifibre Limited experienced a challenging first quarter with declining revenues and increased losses. Standalone revenue dropped 34.32% to Rs 2,691.30 lakhs, with net loss expanding to Rs 375.95 lakhs. Consolidated revenue decreased to Rs 2,694.56 lakhs, with net loss widening to Rs 645.83 lakhs. Both manufacturing and services segments reported losses. The company faces regulatory challenges, including unaccounted liabilities and SARFAESI notices from banks. Management is seeking legal advice and exploring settlement options with banks.