Synopsis: Aqylon Nexus turns profitable with Rs. 5.76 crore FY26 net profit (vs. Rs. 22.37 crore loss prior year), revenue doubles to Rs. 13.20 crore. Plans UAE subsidiary amid expansion push.
Aqylon Nexus Limited has delivered a dramatic financial comeback. The company, formerly known as Sri Adhikari Brothers Television Network Limited, reported a net profit of Rs. 5.76 crore for the financial year ended March 31, 2026. This marks a sharp reversal from a loss of Rs. 22.37 crore the previous year.
Aqylon Nexus’s Limited’s stock, with a market capitalisation of Rs. 1,192 crores, fell Rs. 45.55, down 4 percent from its previous closing price of Rs. 47.46. Furthermore, the stock over the past year has given a negative return of 76 percent.
Revenue from operations jumped to Rs. 13.20 crore for the full year. That compares to just Rs. 6.01 crore in the previous year more than double. Total income for the year stood at Rs. 13.60 crore.
However, expenses also rose sharply. Total expenses reached Rs. 15.80 crore for the year. Finance costs alone climbed to Rs. 2.80 crore, up from Rs. 0.06 crore previously. Despite this, an exceptional gain of Rs. 9.62 crore helped push the company into profit.
The exceptional gain came from two sources. First, the company sold immovable property in Andheri. The profit on that sale amounted to Rs. 15.44 crore. Additionally, the company wrote off non-recoverable deposits worth Rs. 5.82 crore as exceptional losses. The net exceptional item stood at Rs. 9.62 crore.
The board approved a major international expansion move. Aqylon Nexus will incorporate a wholly owned subsidiary in the Ras Al Khaimah Economic Zone, United Arab Emirates. The proposed entity will be called Aqylon Nexus Holding LLC.
The company cited strong demand for its AI technology products. It sees the UAE as a key growth market. Director Kiran Kumar Inampudi has been authorised to complete all necessary steps. The subsidiary will be 100% owned, with cash consideration remitted through banking channels.
Despite the profit, the balance sheet tells a cautious story. Total assets stood at Rs. 13.67 crore as of March 31, 2026, down from Rs. 53.12 crore a year earlier. Cash and cash equivalents fell to just Rs. 0.03 crore from Rs. 8.36 crore.
Furthermore, total equity remains negative at Rs. 5.68 crore. Auditors flagged a going concern uncertainty. Accumulated losses have resulted in a negative net worth. The company has not yet signed any long-term IT contracts. Nevertheless, the promoter has provided a financial support letter. It confirms funding support for at least 12 months. Management remains confident of converting ongoing discussions into firm contracts.
The board received a proposal from Energon Petroproducts Private Limited. The firm expressed its intention to sell its entire stake of 3,373,690 equity shares. That represents 100% of Energon’s shareholding in Aqylon Nexus. Managing Director Srivatsava Sunkara has been authorised to handle the matter. The company will make necessary regulatory disclosures once the board takes a final decision.
Aqylon Nexus is now positioned at an interesting crossroads. It has turned profitable on paper. Yet, the road ahead requires solid contracts and a stable cash position. The UAE expansion could prove pivotal if executed well.
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