Aksh Optifibre Reports Mixed Financial Results Amid Rising Debt and Liquidity Challenges in December'24

Aksh Optifibre has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of its performance. The company's score has undergone an adjustment, moving to -14 from -30 over the past three months, indicating a shift in evaluation.
On a positive note, Aksh Optifibre has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 37.91 crore. This improvement in short-term liquidity suggests a more favorable cash position for the company.

Conversely, the financial results also highlight significant challenges. Net sales for the quarter stood at Rs 28.99 crore, reflecting a notable decline of 43.95% year on year. Additionally, the profit after tax (PAT) for the nine-month period was recorded at Rs -21.53 crore, marking a decrease of 42.90% year on year. Furthermore, the debt-equity ratio has reached its highest level in the last five half-yearly periods at 3.34 times, indicating an increased reliance on borrowing to support operations, which may lead to liquidity concerns.

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