yes…not much positive in the result…in fact quite disappointing. The topline is growing well, but the bottomline performance continues to be abysmal. The services segment losses are a big burden on the company. Last year the loss from services segment was 5.65 crores and this has risen to around 10 crores in the present year. The Dubai unit too continues to be in loss…it has proved to be a drain on Aksh resources.
In the AGM, Mr Gupta had assured that the One stop Aksh (e kiosks) had started generating positive income and also assured that the Dubai unit too would turn profitable. But contrary to his assurances, both continued to make loss.
Further, the profit from manufacturing too got reduced.
On the whole, a bad result. Less debt is the only saving grace now. Nothing else seem to be going right in Aksh…Promoters sell in open market …