SAR Televenture subsidiaries add Rs 242.97 crore in H1 revenue

SAR TELEVENTURE LIMITED reported Rs 25.35 crore of consolidated profit after tax for the half-year ended 30 September 2026, while its four subsidiaries contributed Rs 242.97 crore of revenue and Rs 14.41 crore of net profit after tax. SAR Televenture’s consolidated revenue from operations was Rs 250.92 crore for the period.

How much did SAR Televenture’s subsidiaries contribute in H1?

SAR Televenture’s four subsidiaries reported aggregate revenue of Rs 242.97 crore and net profit after tax of Rs 14.41 crore for the half-year ended 30 September 2026. Their total assets were Rs 523.46 crore at 30 September 2026, according to interim financial information considered in the consolidated results.

The subsidiaries included SAR Televentures F.Z.E, Fusionnet Web Services Limited, Parametrique Electronic Solutions Private Limited and Tikona Communication Limited. Tikona Communication Limited was formerly known as Grand Foundry Limited, according to the auditor’s limited review report dated 13 November 2026.

The subsidiaries’ Rs 242.97 crore revenue was close to the group’s Rs 250.92 crore consolidated revenue from operations for the same six-month period. SAR Televenture’s standalone revenue from operations was Rs 83.48 crore, showing that the consolidated statement covers substantially more activity than the parent-only accounts.

The interim financial information of all four subsidiaries was reviewed by other auditors and furnished to SAR Televenture’s auditor. The auditor stated that its conclusion on the consolidated financial results was not modified in respect of this reliance on other auditors’ reports.

How did SAR Televenture’s consolidated and standalone results compare?

SAR Televenture reported consolidated revenue from operations of Rs 250.92 crore and profit after tax of Rs 25.35 crore for the half-year ended 30 September 2026, compared with standalone revenue of Rs 83.48 crore and profit after tax of Rs 10.99 crore. Consolidated profit before tax was Rs 30.47 crore, against standalone profit before tax of Rs 13.99 crore.

SAR Televenture’s standalone revenue from operations increased from Rs 54.16 crore in the half-year ended 30 September 2025 to Rs 83.48 crore in the current half-year. Standalone profit after tax increased from Rs 5.74 crore to Rs 10.99 crore over the same comparison.

The consolidated comparison moved differently because revenue from operations rose from Rs 21.76 crore in the half-year ended 30 September 2025 to Rs 250.92 crore in the current period, while profit after tax declined from Rs 36.36 crore to Rs 25.35 crore. The filing provides the reported figures but does not give a narrative explanation for the year-on-year change.

Why did SAR Televenture’s consolidated profit change?

SAR Televenture’s consolidated profit before tax was Rs 30.47 crore for the half-year ended 30 September 2026, down from Rs 40.66 crore in the corresponding prior-year half. Tax expense was Rs 5.08 crore, compared with Rs 4.40 crore a year earlier, resulting in profit after tax of Rs 25.35 crore.

Depreciation and amortisation were Rs 30.88 crore in the current half-year, compared with Rs 8.25 crore in the previous corresponding period. Finance costs were Rs 0.69 crore, compared with Rs 0.11 crore, while the filing does not separately identify the reasons for these movements.

The consolidated statement reported total expenses of Rs 151.61 crore for the half-year ended 30 September 2026, compared with Rs 156.27 crore in the corresponding period a year earlier. The statement also recorded revenue-sharing expenses of Rs 2.90 crore and other expenses of Rs 15.09 crore in the current half-year.

SAR Televenture reported other comprehensive income of Rs 2.03 crore for the period, including Rs 2.99 crore of exchange differences on translating a foreign operation. Total comprehensive income was Rs 28.33 crore, compared with Rs 36.26 crore in the previous corresponding half-year.

What changed in SAR Televenture’s balance sheet?

SAR Televenture’s total consolidated assets rose to Rs 1,256.31 crore at 30 September 2026 from Rs 1,107.24 crore at 31 March 2026. Current assets increased to Rs 521.72 crore from Rs 362.62 crore, while non-current assets decreased to Rs 734.59 crore from Rs 744.62 crore.

Trade receivables increased to Rs 283.01 crore at 30 September 2026 from Rs 164.81 crore six months earlier, a rise of Rs 118.20 crore. Property, plant and equipment increased by Rs 120.99 crore to Rs 420.76 crore, while goodwill increased to Rs 223.56 crore from Rs 218.01 crore.

Cash and cash equivalents were Rs 17.06 crore at 30 September 2026, compared with Rs 12.33 crore at 31 March 2026. Inventories were Rs 29.95 crore, marginally above Rs 29.80 crore at the financial year-end.

Total equity increased to Rs 1,014.61 crore from Rs 976.39 crore, while total liabilities rose to Rs 241.70 crore from Rs 130.85 crore. The increase in liabilities included current borrowings of Rs 34.75 crore and non-current borrowings of Rs 8.44 crore at 30 September 2026.

How did receivables and capital spending affect SAR Televenture’s cash flow?

SAR Televenture’s consolidated cash-flow statement reported net cash used in operating activities of Rs 36.59 crore for the half-year ended 30 September 2026, compared with net cash generated from operating activities of Rs 22.00 crore in the previous corresponding period. The statement recorded a Rs 118.21 crore increase in trade receivables during the current half-year.

The group spent Rs 65.34 crore on property, plant and equipment during the period, compared with Rs 36.31 crore in the previous corresponding half-year. It also recorded a Rs 70.00 crore refund of advances for capital goods, contributing to net cash used in investing activities of Rs 3.86 crore.

Financing activities generated Rs 17.92 crore in the half-year, including Rs 10.89 crore from the issue of equity shares and Rs 7.47 crore from proceeds or repayment of borrowings. The cash-flow statement also recorded interest and other borrowing costs of Rs 0.27 crore.

SAR Televenture reported a bank overdraft of Rs 4.27 crore at 30 September 2026 in its consolidated cash-flow statement. This should be considered alongside the Rs 43.19 crore combined balance of current and non-current borrowings, compared with Rs 1.44 crore at 31 March 2026.

Conclusion

SAR Televenture’s consolidated figures show that the four subsidiaries accounted for Rs 242.97 crore of the group’s Rs 250.92 crore revenue from operations in the half-year ended 30 September 2026. The group reported Rs 25.35 crore in profit after tax, while its standalone profit after tax rose to Rs 10.99 crore from Rs 5.74 crore a year earlier.

The next reported results will show whether the Rs 283.01 crore trade-receivables balance converts into operating cash after the cash-flow statement recorded Rs 36.59 crore of operating cash use. Investors can also watch property, plant and equipment following Rs 65.34 crore of half-year spending, and borrowings after their rise to Rs 43.19 crore at 30 September 2026.