Quarterly Result14 Aug 2026, 08:04 pm
Starcom IT Posts Q1 FY27 Net Loss of ₹188.41 Lakhs
AI Summary
Starcom Information Technology Ltd reported a standalone un-audited financial result for the quarter ended June 30, 2026. The company posted a net loss after tax of ₹188.41 Lakhs, a significant increase from the previous year's comparable quarter. Total income from operations for the quarter stood at ₹24.35 Lakhs. Total expenses were ₹212.76 Lakhs. The company's net worth has been fully eroded, and current liabilities exceed current assets. Management is seeking investors to meet working capital requirements and anticipates future profitability. The auditor has provided modified observations regarding intangible assets under development and overdue statutory dues.
Key Highlights
- Net loss after tax for Q1 FY27 was ₹188.41 Lakhs.
- Total income for the quarter was ₹24.35 Lakhs.
- Company's net worth is fully eroded; liabilities exceed assets.
- Management is seeking investors for working capital needs.
- Auditor issued modified observations on assets and statutory dues.
Price Impact
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