Aqylon Nexus Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Network) reported audited results for FY2026. Total income was Rs 1,360.46 lakhs vs Rs 514.60 lakhs in prior year, reflecting the company's pivot to AI/IT services post management change. However, the company recorded a loss of Rs 219.72 lakhs before exceptional items. Exceptional items of Rs 962.00 lakhs (net gain from property sale of Rs 2,154.36 lakhs minus deposit write-offs of Rs 1,192.36 lakhs) drove the net profit after tax to Rs 575.80 lakhs. The company has negative net worth of Rs 567.79 lakhs. The auditors issued an unmodified opinion but highlighted material uncertainty regarding going concern due to accumulated losses and lack of long-term contracts, though the promoter has provided a financial support letter for 12 months. A prior period reclassification of Rs 296.42 lakhs from CWIP to prepaid expenses was also made.
Despite the reported profit of Rs 575.80 lakhs (driven by one-time property gains), the company remains operationally loss-making with negative net worth and going concern risk. Investors should be cautious as the core AI/IT business is yet to secure long-term contracts and depends on non-binding MOUs. The proposed UAE subsidiary and potential change in promoter shareholding (Energon Petroproducts) may signal future strategic shifts.