Key Financial Figures (₹ in Lakhs)
Income Statement Highlights:
Quarter Ended June 30, 2026 (Q1 FY27)
- Revenue from Operations: ₹3,273.1 lakh
- Other Income: ₹50.6 lakh
- Total Income: ₹3,323.7 lakh
Expenses:
- Infrastructure Operation & Maintenance Cost: ₹1,912.9 lakh
- Employee Benefits Expense: ₹157.6 lakh
- Finance Costs: ₹228.1 lakh
- Depreciation and Amortization: ₹556.5 lakh
- Balances Written Off (Net): (₹397.1) lakh (recovery)
- Exchange Differences (Net): (₹19.6) lakh (gain)
- Other Expenses: ₹191.4 lakh
- Total Expenses: ₹2,629.8 lakh
Profitability:
- Profit Before Exceptional Items and Tax: ₹693.9 lakh
- Exceptional Items: Nil (compared to ₹11,982.3 lakh expense in previous quarter)
- Profit Before Tax: ₹693.9 lakh
- Tax Expenses: Nil
- Profit for the Period: ₹693.9 lakh
Comparative Performance:
- Q1 FY26 (June 30, 2025): Loss of ₹2,324.2 lakh
- Q4 FY26 (March 31, 2026): Profit of ₹11,855.8 lakh (including exceptional item benefit)
- Full Year FY26: Profit of ₹7,792.6 lakh
Earnings Per Share:
- Basic EPS: ₹0.05
- Diluted EPS: ₹0.05
Other Comprehensive Income
- Remeasurement of defined benefit plans: ₹1.4 lakh
- Total Comprehensive Income for the Period: ₹692.5 lakh
Capital Structure
- Paid-up equity share capital: ₹12,809.11 lakh (face value ₹10 each)
- Other Equity excluding Revaluation Reserves: Not quantified for current quarter
Notes to Financial Results
1. Board Approval: The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 6, 2026.
2. FCCB Conversions: Details of allotment of equity shares on exercise of option by FCCB holders are provided with three bond series (B1, B2, B3) showing conversions from July 1, 2026 to August 6, 2026.
3. Debt Settlement: The company continues to pursue One Time Settlement (OTS) with remaining lenders under bilateral settlement framework approved by all lenders in Joint Lender Forum (JLF). Management believes adequate provisions for interest have been made, and accrual of further interest on such borrowings has been discontinued.
4. Going Concern: Considering settlement of dues with majority of lenders, the company has no intention to discontinue operations or liquidate operating assets, and continues to prepare accounts on going concern basis.
5. Impairment Testing: The company will assess and carry out impairment test of property, plant and equipment in accordance with Ind AS 36 at year end.
6. Business Segments: The company is predominantly in the business of providing 'Telecom Towers' on shared basis in India with no separate reportable business segments.
7. Comparative Figures: Figures for quarter ended March 31, 2026 are balancing figures between audited full year and year-to-date figures up to third quarter.
Auditor's Review Report
Review Basis: Conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI.
Conclusion: Based on review, except for possible effects of material uncertainty related to going concern, nothing has come to attention that causes belief that the statement contains material misstatement.
Material Uncertainty Related to Going Concern: Auditors draw attention to Note 4 regarding preparation on going concern basis. The appropriateness of this assumption is critically dependent on company's ability to generate sufficient cash flows in future to meet obligations.
Emphasis of Matter: Auditors draw attention to Note 3 regarding non-accrual of interest on outstanding loans. Management believes adequate provisions have been made and further provision is not required.
Meeting Details
- Audit Committee/Board meeting commenced at 10:30 AM and concluded at 3:50 PM on August 6, 2026.