Aksh Optifibre Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
AKSHOPTFBR · price
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Aksh Optifibre reported standalone revenue of ₹12,570.66 lakhs for FY26, marginally lower than prior year's ₹12,712.48 lakhs. The company swung to a net profit of ₹25.67 lakhs for Q4 FY26 (vs loss of ₹1,760.53 lakhs in Q4 FY25), though full-year standalone loss after tax remained at ₹856.42 lakhs, significantly improved from ₹2,011.30 lakhs loss in FY25. The auditors issued a Qualified Opinion due to non-recognition of interest and customs duty liabilities of ₹2,986.54 lakhs under the Advance Authorization and EPCG schemes, which auditors say should have been provisioned per Ind AS 37. Multiple Emphasis of Matter items include an ongoing NCLT insolvency proceeding, SARFAESI notices from Union Bank of India (₹4,973 lakhs) and HDFC Bank (₹3,663 lakhs), and a corporate guarantee demand of ₹6,937.33 lakhs. The company's standalone other equity turned negative at ₹-48.99 lakhs, indicating capital erosion.
The company shows operational improvement with reduced losses, but faces significant financial stress from unresolved debt obligations, an NCLT insolvency case, and auditor qualifications regarding unrecognized liabilities. Negative equity on standalone and severe negative equity (₹-9,424.94 lakhs) on consolidated basis raise substantial going concern risks.