Results_Q1_13082025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Starcom Information Technology reported total operating income of Rs. 28.57 lakhs for Q1 FY26, down sharply from Rs. 48.81 lakhs in the same quarter last year, a decline of about 41%. The company posted a net loss of Rs. 159.70 lakhs, slightly wider than Rs. 149.26 lakhs loss in Q1 FY25. Loss per share stood at Rs. (3.19) versus Rs. (2.98) earlier. The auditor flagged serious concerns: net worth is fully eroded (negative other equity of Rs. 2,878.53 lakhs), cash losses continue, current liabilities exceed current assets, and there are overdue statutory dues of over Rs. 1,550 lakhs including TDS, GST, and PF defaults. The auditor also raised doubts about Rs. 2,431 lakhs of intangible assets under development stuck for years and Rs. 660.81 lakhs unpaid rent owed to a promoter.
This is a deeply negative filing for shareholders — the company is loss-making, bleeding cash, and technically insolvent with wiped-out net worth. The auditor has explicitly flagged a 'going concern' risk, meaning the business may struggle to continue operating without new investor funding. Stock price reaction is likely to be negative, and this is a high-risk penny stock.