v3.25.2
Revenue from Contract with Customers
 12 Months Ended
Mar. 31, 2025
Revenue from Contract with Customers [Abstract]  
REVENUE FROM CONTRACT WITH CUSTOMERS

NOTE 3 — REVENUE FROM CONTRACT WITH CUSTOMERS

 

Revenue from contract with customers consist of the following for the year ended March 31, 2025, for the year ended March 31, 2024 and for the year ended March 31, 2023:

 

Disaggregated revenue information  For the
year ended
March 31,
2025		   For the
year ended
March 31,
2024		   For the
year ended
March 31,
2023		 
   (US$)   (US$)   (US$) 
Types of services:            
Subscription income  $14,305,443   $14,955,197   $13,930,887 
Carriage/placement fees   6,585,138    5,410,248    3,406,204 
Advertisement income   549,903    556,582    1,413,553 
Device activation fees   151,728    151,960    257,540 
Fiber use revenue   
—
    289,788    
—
 
Consultancy services   1,093,855    
—
    
—
 
Unbilled eevenue   441,852    
—
    
—
 
Total revenue from customers  $23,127,919   $21,363,775   $19,008,184 
Timing of revenue recognition               
Services transferred over time  $23,127,919   $21,363,775   $19,008,184 
Total  $23,127,919   $21,363,775   $19,008,184 

Contract balances:

 

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.:

 

   As of
March 31,
2025		   As of
March 31,
2024		   As of
March 31,
2023		 
   (US$)   (US$)   (US$) 
Receivables, which are included in ‘trade receivables, net  $3,352,455   $3,682,302   $1,831,724 

 

Performance obligations:

 

Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it transfers control over a good or service to a customer.

 

The Company has modified its earlier arrangement with its erstwhile partner and has simultaneously acquired controlling stake in Sri Sai, vide the modification agreement and the share purchase agreement. The modification effective date is April 1, 2022, and the acquisition effective date is also April 1, 2022. In pursuant with the modification agreement, the Company has acquired Sri Sai, an active MSO licensed company performing obligations as provided in the customer contracts and providing distinct telecast/streaming services to its subscribers.

 

For the year ended March 31, 2025, March 31, 2024 and March 31, 2023, the revenue from operational activity is recorded as Revenue from Contract with Customers, as per the IFRS 15. The five steps mentioned in the IFRS 15 are met and satisfied by its business operation of providing streaming cable services to its subscriber base (the five steps in IFRS are: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when the entity satisfies a performance obligation).