v3.26.1
Business Segment and Disaggregation of Revenue
 12 Months Ended
Mar. 31, 2026
Business Segment and Disaggregation of Revenue [Abstract]  
BUSINESS SEGMENT AND DISAGGREGATION OF REVENUE

NOTE – 3 BUSINESS SEGMENT AND DISAGGREGATION OF REVENUE

 

The Company has disaggregated its revenue from contracts with customers into categories based on the business segment and nature of the revenue in the following table:

 

   Years ended March 31, 
   2026   2025   2024 
   Satellite
connectivity
solution		   Digitalization
and other
solution		  

 

 

Unallocated

   Total   Satellite
connectivity
solution		   Digitalization
and other
solution		  

 

 

Unallocated

   Total   Satellite
connectivity
solution		   Digitalization
and other
solution		   Unallocated   Total 
Revenue                                                
Subscription  $5,090,759    1,411,220    
—
    6,501,979   $4,408,157    503,586    
—
    4,911,743   $3,678,354    369,179    
—
    4,047,533 
Equipment, device and services   1,548,864    6,658,396    
—
    8,207,260    2,250,024    3,316,783    
—
    5,566,807    1,933,744    2,588,793    
—
    4,522,537 
    6,639,623    8,069,616    
—
    14,709,239    6,658,181    3,820,369    
—
    10,478,550    5,612,098    2,957,972    
—
    8,570,070 
Cost of revenue                                                            
Subscription  $(3,472,419)   (866,256)   
—
    (4,338,675)  $(2,920,327)   (532,030)   
—
    (3,452,357)  $(2,018,989)   (363,207)   
—
    (2,382,196)
Equipment, device and services   (1,418,651)   (5,800,571)   
—
    (7,219,222)   (2,036,887)   (3,125,072)   
—
    (5,161,959)   (1,931,319)   (2,410,964)   
—
    (4,342,283)
    (4,891,070)   (6,666,827)   
—
    (11,557,897)   (4,957,214)   (3,657,102)   
—
    (8,614,316)   (3,950,308)   (2,774,171)   
—
    (6,724,479)
Gross profit / (loss)                                                            
Subscription  $1,618,340    544,964    
—
    2,163,304   $1,487,830    (28,444)   
—
    1,459,386   $1,659,365    5,972    
—
    1,665,337 
Equipment, device and services   130,213    857,825    
—
    988,038    213,137    191,711    
 
    404,848    2,425    177,829    
—
    180,254 
    1,748,553    1,402,789    
—
    3,151,342    1,700,967    163,267    
—
    1,864,234    1,661,790    183,801    
—
    1,845,591 
                                                             
Operating expenses  $(85,122)   
—
    (4,199,823)   (4,284,945)  $(124,265)   
—
    (1,942,623)   (2,066,888)  $(74,844)   
—
    (1,803,896)   (1,878,740)
Income/(loss) from operations   1,663,431    1,402,789    (4,199,823)   (1,133,603)   1,576,702    163,267    (1,942,623)   (202,654)   1,586,946    183,801    (1,803,896)   (33,149)
                                                             
Finance income   15,679    
—
    
—
    15,679    23,671    
—
    
—
    23,671    20,743    
—
    
—
    20,743 
Finance cost   (39,593)   
—
    (25,156)   (64,749)   (29,015)   
—
    (5,687)   (34,702)   (29,370)   
—
    (6,460)   (35,830)
Income/ (loss) before income taxes   1,639,517    1,402,789    (4,224,979)   (1,182,673)   1,571,358    163,267    (1,948,310)   (213,685)   1,578,319    183,801    (1,810,356)   (48,236)
   March 31, 2026   March 31, 2025 
   Satellite
connectivity
solution		   Digitalization
and other
solution		  

 

 

Unallocated

   Total   Satellite
connectivity
solution		   Digitalization
and other
solution		  

 

 

Unallocated

   Total 
                                 
Segment assets  $2,004,208    1,706,398    4,770,524    8,481,130   $2,496,724    1,119,209    2,050,572    5,666,505 
Segment liabilities   1,808,308    637,461    1,569,678    4,015,447    2,225,732    802,457    892,835    3,921,024 

 

The following table presents revenues earned from external customers:

 

   Year ended March 31, 
   2026   2025   2024 
             
Subscription income from satellite connection service  $5,090,759   $4,408,157   $3,678,354 
Sales and lease of satellite network equipment and device   1,548,864    2,250,024    1,933,744 
Subscription income from Jarviss   1,411,220    503,586    369,179 
Revenue from IT support services   6,622,145    3,194,055    2,418,470 
Revenue from shipboard support services   36,251    122,728    170,323 
   $14,709,239   $10,478,550   $8,570,070 

 

The major customers (refer to Note 16(a) for further details) contributed for $5,048,549 (2025: $2,424,451 and 2024: $869,824) of the Company’s total revenue.

 

Included in the revenue from sales and lease of equipment, device and services of satellite connectivity solution of $1,548,864 (2025: $2,250,024 and 2024: $1,933,744), the lease income from sales-type lease and operating lease are as below:

 

   Year ended March 31, 
   2026   2025   2024 
             
Sales-type lease income  $69,511   $147,707   $409,931 
Operating lease income   337,826    226,500    116,150 
   $407,337   $374,207   $526,081 

 

The following table presents revenues by geographic area based on the countries in which the customer is located:

 

   Year ended March 31, 
   2026   2025   2024 
             
Singapore  $10,107,584   $5,228,044   $3,407,171 
Israel   1,179,716    1,316,832    869,824 
Malaysia   1,338,876    1,126,294    1,130,439 
Vietnam   509,391    675,186    534,472 
Republic of Marshall Islands   320,038    428,251    376,457 
Thailand   112,354    295,814    625,178 
Indonesia   307,191    398,979    816,023 
United Kingdom   302,898    
-
    
-
 
Republic of China   61,715    239,124    56,500 
Others   469,476    770,026    754,006 
   $14,709,239   $10,478,550   $8,570,070