AqyIon Nexus Reports Profit for Q3

MUMBAI: In a plot twist worthy of its television roots, AqyIon Nexus Limited, the rebranded avatar of Sri Adhikari Brothers Television Network has flipped the script on its finances, zapping away old woes with a jolt of quarterly profits.

Picture this, a company once tangled in debt webs, now emerging like a phoenix from the pixels. On 11 February 2026, the board, under managing director Srivatsava Sunkara, greenlit the unaudited results for the quarter ending 31 December 2025, revealing a revenue from operations of Rs 494.57 lakhs, a hefty leap from Rs 236.09 lakhs the previous year. Total income clocked in at Rs 494.65 lakhs, while the nine-month tally hit Rs 966.00 lakhs, up from Rs 470.88 lakhs.

But here’s the electrifying bit: profit before exceptional items surged to Rs 148.06 lakhs for the quarter, flipping last year’s modest Rs 11.55 lakhs gain. Factor in an exceptional item, a Rs 1,543.59 lakhs windfall from selling Andheri properties as per a 2023 NCLT resolution plan and the nine-month profit after tax dazzles at Rs 1,375.10 lakhs, a stark contrast to the prior period’s Rs 2,249.11 lakhs loss.

Expenditures? They tell a tale of tightening belts. Cost of materials consumed stood at Rs 275.00 lakhs for the quarter (nine months: Rs 690.00 lakhs), employee benefits at a slim Rs 4.16 lakhs (nine months, Rs 10.72 lakhs), and finance costs at Rs 34.06 lakhs (nine months, Rs 238.31 lakhs). Depreciation hummed along at Rs 1.44 lakhs quarterly (Rs 7.44 lakhs over nine months), with other expenses at Rs 31.94 lakhs (nine months, Rs 188.02 lakhs). Total outgoings?Rs 346.60 lakhs for the quarter, Rs 1,134.49 lakhs for nine months.

Auditors from Hitesh Shah & Associates gave a nod with caveats, noting the full repayment of bank liabilities sans a No Dues Certificate from Central Bank of India, pending tax impacts, and a going-concern basis despite current liabilities outpacing assets and negative other equity (pegged at -Rs 3,680.89 lakhs annually). Yet, management’s betting on new promoters’ support to keep the show running.

Earnings per share? A positive 0.58 for the quarter (nine months, 5.42), based on Rs 2,537.31 lakhs paid-up equity. Operating in the lone realm of content production and distribution, AqyIon’s narrative is no longer a sob story, it’s charging forward, proving that even in Mumbai’s bustling media maze, a name change and asset shuffle can ion-ise a comeback. Watch this space; the credits aren’t rolling yet.