Board approves September 2026 quarter and half-year results; auditor's limited review conclusion unmodified
Board met on October 23, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | Prev qtr | QoQ |
|---|---|---|---|---|
| Revenue from operations | 1,149.46 | — | 1,964.91 | −41.5% |
| Total income | 1,149.46 | — | 1,968.31 | −41.6% |
| Profit before tax | 90.90 | (32.30) | 211.08 | −56.9% |
| Profit after tax | 70.21 | (32.30) | 211.08 | −66.7% |
| Total comprehensive income | 70.21 | (32.30) | 211.08 | −66.7% |
| Basic EPS | 0.23 | (0.11) | 0.69 | −66.7% |
- PAT change QoQ
- −66.7%
- Period
- September 30, 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Promoters (SAR Televenture Limited) acquired 2,13,51,740 equity shares under SPA dated March 03, 2026 and 910 shares via Open Offer at Rs. 2.50 per share, taking holding to 70.17%.
- The Company operates in a single reporting segment (telecom and communication equipment) under Ind AS 108.
Board meeting outcome
- The Board of Directors met on Friday, October 23, 2026 and approved the unaudited financial results of the company for the quarter and half year ended September 30, 2026.
- The Limited Review Report of the statutory auditors was placed with the results, and the extract of the results will be published in newspapers.
- The notes record that the Promoters, SAR Televenture Limited, acquired 2,13,51,740 equity shares under a Share Purchase Agreement dated March 03, 2026 and further shares through an Open Offer dated March 16, 2026, which aggregated their shareholding to 70.17% and gave them a controlling/substantial equity stake in the company.
Auditor's conclusion
The Limited Review Report is from Agarwal & Saxena, Chartered Accountants. It carries an unmodified conclusion: nothing came to the auditors' attention that causes them to believe the statement has not disclosed the required information, or that it contains a material misstatement. The report also notes that the quarter's figures are balancing figures between the half year and the published first-quarter figures, and that the year-ago figures were reviewed and audited by the predecessor auditors, M/s ANSK & Associates, who expressed unmodified opinions.
Results at a glance
- Revenue from operations was Rs. 1,149.46 lakh for the quarter ended September 30, 2026 and Rs. 3,114.37 lakh for the half year.
- Profit for the period was Rs. 70.21 lakh for the quarter and Rs. 281.29 lakh for the half year.
- These are the printed line items of the statement of unaudited financial results; the statement also carries comparatives for the preceding quarter, the year-ago periods and the year ended March 31, 2026.
Balance sheet position
- Trade receivables stood at Rs. 3,499.96 lakh as at September 30, 2026, well above the figure shown for March 31, 2026.
- Total equity was Rs. (264.05) lakh, that is negative, because other equity (the accumulated balance) is negative, though this negative balance is smaller than at March 31, 2026.
Business
- The company is engaged in telecom and communication equipment, including cables, optical fibre systems and networking hardware, and reports a single segment.
What a retail investor may track
- Earnings: both the quarter and the half year show a profit for the period with positive basic and diluted earnings per share, compared with a loss in the year-ago quarter.
- Working capital: receivables are the dominant asset on the balance sheet, and trade payables also rose, so how quickly customers pay is worth following.
- Net worth: total equity is still negative even after the profit, so the path back to positive book net worth is a marker to watch.
- Ownership: with the promoter at 70.17%, a large part of the equity capital is held by one group.
All money figures above are as printed in Rs. lakh.
Also from Tikona Communication
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Board meeting on October 23, 2026 to consider unaudited results for September 30, 2026 quarter
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EGM on October 28, 2026: capital increase, preferential warrants and shares, Fusionnet-linked preference issue
6 Oct 2026
More numbers
- Revenue from operations, half year ended Sept 30, 2026 (Rs. lakh)3,114.37
- Profit for the period, half year ended Sept 30, 2026 (Rs. lakh)281.29
- Total equity as at Sept 30, 2026 (Rs. lakh)(264.05)
- Trade receivables as at Sept 30, 2026 (Rs. lakh)3,499.96
- Promoter shareholding after Open Offer70.17%
- Equity shares acquired by promoter2,13,51,740
- Total income, latest quarter1,149.46 (Amount in INR Lakhs)
- Total income, year-ago quarter- (Amount in INR Lakhs)
- Total income, previous quarter1,968.31 (Amount in INR Lakhs)
- Total comprehensive income, latest quarter70.21 (Amount in INR Lakhs)
- Total comprehensive income, year-ago quarter(32.30) (Amount in INR Lakhs)
- Total comprehensive income, previous quarter211.08 (Amount in INR Lakhs)
- Profit after tax, latest quarter70.21 (Amount in INR Lakhs)
- Profit after tax, year-ago quarter(32.30) (Amount in INR Lakhs)
- Profit after tax, previous quarter211.08 (Amount in INR Lakhs)
- Revenue from operations, latest quarter1,149.46 (Amount in INR Lakhs)
- Revenue from operations, previous quarter1,964.91 (Amount in INR Lakhs)
- Profit before tax, latest quarter90.90 (Amount in INR Lakhs)
- Profit before tax, year-ago quarter(32.30) (Amount in INR Lakhs)
- Profit before tax, previous quarter211.08 (Amount in INR Lakhs)
- Revenue from operations, year-ago quarter-
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