Sri Adhikari Brothers Television Network Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Sri Adhikari Brothers Television Network Limited reported unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations collapsed to Rs. 3.47 lakhs from Rs. 100 lakhs in the year-ago quarter, a drop of about 97%. The company swung to a standalone net loss of Rs. 183.57 lakhs versus a profit of Rs. 6.48 lakhs earlier, and a consolidated loss of Rs. 185.50 lakhs. Other equity remains deeply negative at Rs. (3,680.89) lakhs, and finance costs surged to Rs. 145.42 lakhs. Separately, the board approved selling its 35.68% stake in subsidiary Westwind Realtors Private Limited to related party SABAHPL for roughly Rs. 18.20 crores (sale completion by August 31, 2025), and appointed a new Secretarial Auditor for a 5-year term. The statutory auditor flagged a 'Material Uncertainty Relating to Going Concern' citing current liabilities far exceeding current assets, weak revenue, recurring losses, and negative other equity, along with an Emphasis of Matter on pending No-Due Certificates from Dhanlaxmi Bank and Central Bank of India.
Serious red flags for shareholders: a going-concern warning from the auditor, near-total revenue erosion, continued losses, and deeply negative net worth suggest the company is in financial distress. The related-party sale of the subsidiary brings in some cash but is to a promoter-linked entity, which may raise governance concerns and will not fundamentally fix the core business weakness.