Quadrant Televentures Reports Unaudited Financials Amid Corporate Insolvency Resolution Process
Quadrant Televentures Ltd. released its unaudited financial results for the quarter ended June 30, 2026. The financial statements were reviewed by Statutory Auditors M/s SGN & Co., Chartered Accountants, and taken on record by the Resolution Professional (RP), reflecting the company's ongoing involvement in the Corporate Insolvency Resolution Process (CIRP) which was initiated in September 2025.The results reflect a period of significant financial challenge for the company. While the entity is currently managed as a going concern with the intent of revival through a resolution plan, the figures indicate considerable losses and strained liquidity.
Financial Performance Snapshot
The unaudited financial statements for the quarter ended June 30, 2026, alongside comparative periods, show the following key operational metrics (amounts in Rs. Lakh):| Particulars | Q Ending 30.06.2026 (Unaudited) | Q Ending 31.03.2026 (Audited) | Q Ending 30.06.2025 (Unaudited) | Q Ending 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 509,596 | 512,431 | 544,062 | 2,095,345 |
| Other Income | 55.95 | 3,744 | 37.21 | 90.20 |
| Total Income | 509,596 | 516,175 | 54,77.83 | 21,043.65 |
| Employee Benefits Expense | 1,183.60 | 1,153.08 | 121,086 | 4,704.89 |
| Finance Costs | 3,693 | 3,536 | 1,744.92 | 384,556 |
| Depreciation and Amortization Expenses | 37,179 | 37,138 | 452,71 | 1,690,766 |
| Network Operating Expenditure | 162,357 | 151,938 | 1,752.10 | - |
| Sales and Marketing Expenses | 1,178.55 | 1,153.89 | 1,268,131 | 4,819.65 |
| Other Expenses | 37,672 | 378.56 | 418.30 | 162,378 |
| Total Expenses | 771,16 | 461,165 | 6,860.20 | 23,086.29 |
| Profit/ (Loss) before tax | 32,480 | 550.10 | (1,382.37) | (2,042.64) |
| Profit / (Loss) for the year | 324.80 | 550.10 | (1,382.37) | (2,330.18) |
| Total Comprehensive Income/ (Loss) | 337.46 | 575.91 | (1,372.68) | (2,267.70) |
Auditor’s Review Highlights
M/s SGN & Co., Chartered Accountants, conducted a limited review of the interim financial information. The auditor's report noted several material concerns regarding the company's financial stability and accounting practices.The review highlighted that the company has incurred continuous losses, leading to a complete erosion of net worth. Furthermore, current liabilities exceed current assets, and the entity has defaulted on borrowing repayments. Given these uncertainties and pending legal outcomes, the auditor was unable to obtain sufficient evidence regarding the appropriateness of management's use of the going concern basis of accounting in preparing the results, despite the company operating under this assumption for revival purposes.
Additionally, the auditors noted that finance costs amounting to Rs 2,192.61 Lakhs were not provided in the statement of profit and loss for the quarter ended June 30, 2026. The limited review concluded that, except for the specific matters mentioned regarding claims reconciliation and financial reporting treatments, nothing had come to their attention that caused them to believe the statement failed to disclose required information or contained a material misstatement.
Stock Price Movement
Quadrant Televentures Ltd. settled at ₹0.55 on Monday, edging higher by 3.77%. The shares traded within an intraday range spanning from a low of ₹0.51 to a high of ₹0.55.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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