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The margins will strengthen further in the near future, as Company has taken steps to mitigate the risk from high raw material prices, by making operational its additional optical fibre capacity in its Bhiwadi plant facility.
The Ophthalmic lens facility is in the process of rolling out its first batch of lenses soon, for which the trial run has already started." During the quarter gone by the company's order execution remained robust as a result it achieved improved turnover, compared to the previous quarter.
As per the industry estimates new preform capacity which came on-line during 2017, has only marginally helped in bridging the demand supply gap.
With approx consumption of 280 million fibre-km in 2017, the Chinese demand for Optic Fibre will play a major role in determining the trajectory for the world's cable market growth, wherein Chinese demand for optic fibre is expected to surpass the industry growth, which took place last year.
Aksh Optifibre Limited [BSE: 532351 | NSE: AKSHOPTFBR], the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance & Turnkey service provider reported its Q3 FY18 financial results.
During the quarter company achieved turnover of Rs 155 Crore, as compared to Rs 145 Crore in the preceding quarter.
With the objective to maximize shareholders value and improve the competitive position of the combined entity, the company has merged its subsidiary company APaksh broadband Ltd with its parent company Aksh Optifibre Ltd.
Consistent efforts towards expansion of existing operations and strengthening core processes will lead to fruitful results in the quarters to come.Outlook With the global IP traffic rising at rates above 20% per year, world cumulative fibre deployment passed a total of 3 billion fibre Km in 2016.Expected rollout of 5G will open new horizons and support new applications and new business cases for carriers, including: automotive, smart city, commercial M2M, other revenue streams.Mobile operators will be bound to use fibre for backhaul and fronthaul in most locations to meet bit-rate and latency requirements.