Quadrant Televentures achieved a significant financial turnaround in Q1FY27, reporting a net profit of ₹324.80 lakh compared to a net loss of ₹13,823.7 lakh in the corresponding quarter of the previous year. According to the latest financial results reviewed by statutory auditors SGN & Co., this represents a complete reversal of the company's financial performance from a loss-making position to profitability. The profit is largely driven by the exclusion of ₹21,926.1 lakh in finance costs due to the ongoing Corporate Insolvency Resolution Process (CIRP) moratorium under Section 14 of the Insolvency and Bankruptcy Code. The company also noted an exceptional item of ₹2,875.4 lakh towards employee benefits during the quarter.
The company's revenue from operations declined 7.4% to ₹5,095.96 lakh in Q1FY27, down from ₹5,440.62 lakh in the same period last year. As reported in the latest financial statements, this revenue decline occurred despite the company's improved bottom-line performance, indicating operational efficiency improvements that helped offset the revenue challenges. Total expenses for the quarter amounted to ₹4,771.16 lakh, while total income was ₹5,095.96 lakh. The company's business activity remains within a single segment: 'Telecommunications Services', primarily in the Punjab region.
The company's operating profit margin (OPM) showed improvement with total expenses decreasing 30.4% to ₹4,771.16 lakh from ₹6,860.20 lakh in the previous year. According to the financial data, network operating expenditure fell to ₹1,623.57 lakh from ₹1,752.10 lakh, while sales and marketing expenses declined to ₹1,178.55 lakh from ₹1,281.31 lakh. Employee benefits expense rose slightly to ₹1,183.60 lakh from ₹1,210.86 lakh, and depreciation and amortization remained stable at ₹371.79 lakh. The company achieved a pre-tax profit of ₹324.80 lakh and basic EPS of ₹0.05 compared to a loss in the corresponding quarter of the previous year.
The Committee of Creditors (CoC) has ratified the appointment of Mr. Rajesh Jhunjhunwala as Resolution Professional (RP) who oversees the management of the company's affairs. As per the latest updates, four resolution plans are currently under e-voting by the CoC, with the outcome determining the future operational structure and debt settlement strategy for Quadrant Televentures. The RP has republished Form G inviting Expressions of Interest multiple times in late 2025 and early 2026, with eight entities shortlisted as eligible Prospective Resolution Applicants (PRAs). The CIRP is progressing with various resolution applicants submitting their plans, and the CoC is currently evaluating these proposals. The financial statements have been prepared on the basis of this going concern assumption, with a view towards revival through the Resolution Plan process, despite the company facing significant accumulated losses and net worth erosion.
