Enclosed herewith Unaudited Standalone and Consolidated Financial Results for the Quarter and Nine month ended 31st December, 2025.
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StarlinePS Enterprises, a diamond and jewellery trading company based in Surat, reported Q3 FY26 revenue from operations of Rs 2,019.35 lakh, up about 13% from Rs 1,787.33 lakh in Q3 FY25. For the nine months ended December 2025, revenue rose around 17% to Rs 6,962.37 lakh versus Rs 5,944.63 lakh last year. However, profitability fell sharply: Q3 net profit dropped to Rs 73.31 lakh from Rs 136.44 lakh (down ~46% YoY), while nine-month PAT nearly halved to Rs 318.44 lakh from Rs 747.16 lakh. Basic EPS for nine months slipped to Rs 0.09 from Rs 0.29. The company completed a rights issue of 10.37 crore equity shares in October 2025, which significantly expanded the share base (paid-up capital rose to Rs 3,631.32 lakh) and explains much of the EPS dilution. A wholly-owned subsidiary, StarlinePS International Pvt Ltd, was incorporated in October 2024 but has not commenced business. Auditor Kansariwala & Chevli issued an unqualified limited review report.
Rising revenue but sharply falling profits point to margin pressure in the diamond trading business, which is a red flag for shareholders. The large rights issue helped raise capital but spread earnings across many more shares, weighing heavily on EPS. Short-term sentiment may stay weak until margins recover.