Results as on 31.03.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Starcom Information Technology reported a significant deterioration in its financial performance for FY2026. Total income declined sharply to Rs. 211.59 Lacs from Rs. 330.49 Lacs in the previous year, a drop of about 40%. The company reported a net loss of Rs. 619.64 Lacs, worse than the Rs. 499.65 Lacs loss in FY2025. The auditors issued a Qualified Opinion citing multiple concerns: overdue statutory dues (GST, PF, TDS) totaling Rs. 1,629.08 Lacs with interest, unpaid rent of Rs. 607.15 Lacs for premises owned by a promoter (Mr. Ziaulla Sheriff), and Rs. 2,431.02 Lacs in intangible assets under development that auditors could not verify. The auditors raised a material uncertainty regarding going concern as the company's net worth is fully eroded at negative Rs. 3,004.43 Lacs and current liabilities significantly exceed current assets. The company is pursuing new investors to address its working capital stress.
This is an extremely distressed result with severe red flags. The qualified audit opinion, negative net worth, and going concern uncertainty make this stock extremely high-risk. Shareholders face potential total loss of investment as the company continues to burn cash with no clear path to profitability.