| FY26 Revenue | ₹522.11 Cr46.6% YoY Growth |
|---|---|
| Market Cap | ₹705.07 CrSmall Cap |
| Net Profit Annual | ₹46.9 CrFY25 Performance |
| P/E TTM | 15.03Value Metric |
Key highlights
- Revenue from operations grew 46.6% YoY to reach ₹522.11 crore in FY26
- Net profit after tax increased by 54.6% YoY to ₹72.49 crore
- EBITDA margin improved to 19.10% in FY26 from 17.62% in the previous fiscal year
- Tower portfolio expanded significantly to 1,800 completed sites by 2026
- Added 85,000 home passes in the FTTH segment during the second half of the year
- Diversified client base by onboarding 60 new sites from Vodafone Idea
Financial Performance
Sar Televenture Limited demonstrated robust financial scaling in fiscal year 2026, with operating revenue surging 46.6% YoY to ₹522.11 crore. This growth was complemented by a 54.6% increase in Profit After Tax (PAT), which reached ₹72.49 crore. Operational efficiency saw a notable uptick as EBITDA margins expanded from 17.62% in FY25 to 19.10% in FY26.
The company quarterly performance also reflected this momentum, with revenue growth of 139.01% YoY and net profit growth of 117.02% YoY. These figures underscore the successful execution of its infrastructure-sharing model and expanded service delivery across its network segments.
Management Outlook
The leadership team expressed high confidence in maintaining growth momentum, specifically targeting the nationwide 4G and 5G rollout. Management is focusing on capitalising on BSNL 112,000-tower expansion plan, positioning SAR Televenture as a key infrastructure provider. For the FTTH segment, the company aims to scale services across major North Indian cities, including Lucknow, Ghaziabad, and Noida.
The strategy involves a low-CAPEX sharing model to optimise resource allocation while aggressively expanding the site count. Future targets involve significant network densification and enhancing the home pass count to secure long-term recurring revenue from fiber-to-the-home services.
Business Overview
Sar Televenture Limited operates as an IP-1 (Infrastructure Provider Category-I) registered with the Department of Telecommunications. The company core business revolves around providing passive telecom infrastructure, including the installation and commissioning of towers and Fiber-to-the-Home (FTTH) solutions. Since its inception with a single site in 2019, the firm has scaled rapidly to reach a portfolio of 1,800 towers by 2026.
Its service offerings extend to private and public telecom operators, facilitating 4G and 5G network expansion. The recent expansion into high-speed fiber services marks a strategic shift towards addressing the growing demand for urban broadband connectivity.
Sector Dynamics
The Indian telecom sector is undergoing a massive transformation driven by the deployment of 5G and the government-led initiative for rural and urban digital connectivity. The demand for passive infrastructure is fueled by major telcos seeking to densify their networks to handle increased data traffic. Regulatory frameworks supporting IP-1 providers and the rollout of BSNL 4G/5G services provide a tailwind for infrastructure specialists.
However, the industry remains capital-intensive and sensitive to regulatory changes by the Department of Telecommunications. Competition among infrastructure providers is intensifying as players race to secure site locations and fiber network rights in Tier-1 and Tier-2 cities.
What to Watch
- Execution progress on the BSNL 112,000-tower project rollout and participation levels
- Scaling of FTTH home passes beyond the current 85,000 mark in target North Indian cities
- Sustainability of EBITDA margins above 19% amidst rising infrastructure deployment costs
- Further client diversification to reduce dependency on primary telecom operators
- Impact of regulatory changes concerning IP-1 registration and telecom tower sharing norms
“Management delivered FY26 Revenue of ₹522.11 Cr and PAT of ₹72.49 Cr, representing >50% YoY growth on primary metrics compared to FY25.”
| Share price | ₹140.6 |
|---|---|
| Market capitalisation | ₹705.07 Cr |
| Revenue (annual) | ₹349.93 Cr |
| Net profit (annual) | ₹46.90 Cr |
| Revenue (latest quarter) | ₹123.75 Cr+48.27% vs previous quarter |
| Net profit (latest quarter) | ₹15.67 Cr+21.90% vs previous quarter |
| P/E (TTM) | 15.03×Sector 34.57× |
| Promoter holding | 45.3% |
| FII holding | 2.84%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Sar Televenture Limited announcing its FY26 financial results and business expansion update. Market figures from a third-party data provider.
