v3.25.2
Expenses
 12 Months Ended
Mar. 31, 2025
Expenses [Abstract]  
EXPENSES

NOTE 4 — EXPENSES

 

Expenses consist of the following for the years ended March 31, 2025, March 31, 2024 and March 31, 2023:

 

   For the
year ended
March 31,
2025		   For the
year ended
March 31,
2024		   For the
year ended
    March 31,
2023		 
   (US$)   (US$)   (US$) 
Cost of revenue  $16,960,109   $16,762,580   $13,884,291 
Amortization of intangible assets   16,164    15,813    16,211 
Depreciation   1,234,190    910,671    680,013 
Legal and professional expenses   440,387    386,622    833,079 
Staffing expense   784,491    844,098    633,979 
Other operating expenses   2,655,316    2,643,948    2,267,265 
Total expenses  $22,090,657   $21,563,732   $18,314,838 
   For the
year ended
March 31,
2025		   For the
year ended
March 31,
2024		   For the
year ended
March 31,
2023		 
   (US$)   (US$)   (US$) 
Cost of revenue consists of:            
Broadcaster/subscription Fees   15,765,593    15,454,840    12,715,217 
Lease line/bandwidth charges   1,098,510    1,225,922    1,091,700 
Carriage fees   
—
    1,658    — 
Cable hardware & networking Exp.   35,261    78,157    28,129 
Ham charges   199    
—
    3156 
Activation installation costs   
—
    
—
    37,217 
Programming expenses   
—
    2,003    8872 
Cost of Sub-Contractors & Consultancy Service   60,546    
—
    — 
   $16,960,109   $16,762,580   $13,884,291 

 

During the year ending March 31, 2025, the Company has recorded costs of revenue of $16,899,562 relating to the business of Lytus Sri Sai Networks, a licensed Multi System Operator in the business of telecasting/streaming of broadcast channels to subscribers for a subscription charge and $ 60,546 relating to Lytus Technologies Private Limited relating in business of Software development & related Consultancy services.

 

During the year ending March 31, 2024, the Company has recorded costs of revenue of $16,762,580 relating to the business of Sri Sai, a licensed Multi System Operator in the business of telecasting/streaming of broadcast channels to subscribers for a subscription charge.

 

During the year ending March 31, 2023, the Company has recorded costs of revenue of $13,884,291 relating to the business of Sri Sai, a licensed Multi System Operator in the business of telecasting/streaming of broadcast channels to subscribers for a subscription charge.

 

Legal and professional expenses consist of:

 

   For the
year ended
March 31,
2025		   For the
year ended
March 31,
2024		   For the
year ended
March 31,
2023		 
   (US$)   (US$)   (US$) 
Audit fees  $136,999   $119,525   $144,747 
Legal and professional fees   303,388    267,097    688,332 
Total expenses  $440,387   $386,622   $833,079 

Staffing expenses consists of:

 

   For the
year ended
March 31,
2025		   For the
year ended
March 31,
2024		   For the
year ended
March 31,
2023		 
   (US$)   (US$)   (US$) 
Salaries, wages and bonus  $736,942   $775,319    555,591 
Contribution to a gratuity fund   8,394    29,774    30,606 
EPF, ESIC and labor welfare fund   21,709    19,719    34,738 
Staff welfare expenses   17,446    19,286    13,044 
Total expenses  $784,492   $844,098   $633,979 

 

Staff costs include salary paid to the various operations and administrative persons and director of the Company’s subsidiaries.

 

The Group provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employee’s last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. For the funded plan, the group makes contributions to recognized funds in India. The Group does not fully fund the liability and maintains a target level of funding to be maintained over a period of time based on estimations of expected gratuity payments.

 

Details of other operating expenses:

 

   For the
year ended
March 31,
2025		   For the
year ended
March 31,
2024		   For the
year ended
March 31,
2023		 
   (US$)   (US$)   (US$) 
Electricity charges  $86,129   $59,821   $59,036 
Repair & maintenance expenses   76,897    179,592    129,987 
Business promotion expenses   64,637    30,096    3,508 
Operating lease rentals   35,651    17,579    15,327 
Regulatory expenses   83,222    43,551    69,929 
Conveyance & traveling expenses   38,585    28,434    112,111 
Security charges   14,416    12,653    5,150 
Commission charges   2,028,116    1,621,014    1,465,012 
Credit loss allowances   
—
    72,698    (120,544)
Loss on disposal of a subsidiary   
—
    1,000    192,776 
Other operating expenses   227,663    577,510    334,973 
Total other expenses  $2,655,316   $2,643,948   $2,267,265 

 

We had retained Skyline Corporate Communications Group, LLC (“Skyline”) for our capital markets, financial and public relations advisory services. The Company could not make payments under the contract, as the client did not comply with the mandatory regulatory requirements. On April 11, 2023, an arbitrator awarded final damages in favor of Skyline of $130,000 plus legal and other incidental expenses, aggregating to $260,000.

Details of Finance Income:

 

   For the
year ended
March 31,
2025		   For the  
year ended
March 31,
2024		   For the  
year ended
March 31,
2023		 
   (US$)   (US$)   (US$) 
Interest on bank deposits and held-to-maturity investments   779    
—
    
—
 
Notional interest on lease deposit   3,546    
—
    
—
 
Interest on income tax refund   
—
    
—
    19,123 
Other income   10,535    
—
    
—
 
Total  $14,860   $
—
   $19,123 

 

Details of Finance Costs:

 

   For the
year ended
March 31,
2025		   For the
year ended  
March 31,
2024		   For the
year ended  
March 31,
2023		 
   (US$)   (US$)   (US$) 
Interest on bank overdrafts, loans and other financial liabilities  $89,410   $346,465   $328,449 
Interest on lease liabilities   53,361    42,850    21,845 
Commission and other borrowings   
—
    232,911    122,000 
Collection charges   6,400    15,715    125,930 
Share warrant expenses   
—
    
—
    1,607,791 
Other costs - interest on tax payables   
—
    1,016    4,389 
   $149,171   $638,957   $2,210,404 

 

   For the
year ended
March 31,
2025		   For the
year ended
March 31,
2024		   For the
year ended
March 31,
2023		 
   (US$)   (US$)   (US$) 
Total borrowing costs  $149,171   $638,957   $2,210,404 
Less: amounts included in the cost of qualifying assets   
—
    
—
      
   $149,171   $638,957   $2,210,404 

 

The Company has reclassified the share warrant expenses as finance costs in respect of bridge financing obtained during the year ending March 31, 2023.