Starcom IT Reports Q1 FY27 Net Loss of ₹188.41 Lakhs
Starcom Information Technology Ltd has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported 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 ₹22.11 Lakhs, while total expenses amounted to ₹212.76 Lakhs. The company's net worth has been fully eroded, and current liabilities exceed current assets. Management is actively seeking investors to address working capital requirements and anticipates future profitability. The auditor has provided modified observations regarding the company's intangible assets under development and overdue statutory dues.
Key Highlights
- Q1 FY27 net loss after tax reported at ₹188.41 Lakhs.
- Total income for the quarter was ₹22.11 Lakhs; total expenses ₹212.76 Lakhs.
- Net worth fully eroded; current liabilities exceed current assets.
- Management pursuing investors for working capital needs.
- Auditor issued modified observations on assets and statutory dues.
Price Impact
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