Aksh Optifibre has reported another quarter of losses, though there is some improvement: its total income for the quarter ended December 31st 2010 increased 7.31% sequentially to Rs. 2.48  crore, from Rs. 2.31 crore reported last quarter, and its loss for the quarter has reduced to Rs. 1.76 crore, from  Rs. 3.93 crore; note that of this, only Rs. 1.36 crore is classified as Income from operations, which is up sequentially from Rs. 1.17 crore.

The company’s services business – which comprises of IPTV (iControl) and VoIP (Pigeon) ventures, which are franchisees for government owned telecom operators BSNL (20 cities in North India) and MTNL (Delhi and Mumbai), are yet to show any significant growth in revenues, or turn a profit for the last 11 quarters (one quarter short of three years).

Perhaps its bet on fibre to the home FTTH trials, which it is trying out in Jaipur, or its international foray – in Dubai – might pay off. Profitability is still far away, though, and IPTV in India doesn’t look like it will take off.

– Aksh Optifibre Board Approves $333 Million Fund Raising