We hereby inform the Stock Exchange that the Board of Directors of the Company in their Meeting held on today i.e. 28th May, 2026, in which, inter alia; Considered and approved Audited ....
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Starlineps Enterprises Ltd reported audited standalone and consolidated financial results for FY2026 ended March 31, 2026. Total income grew significantly to Rs 9,870.52 lakhs (standalone) from Rs 7,478.78 lakhs in FY2025, representing ~32% revenue growth driven by the diamond and jewelry trading business. However, net profit declined sharply to Rs 111.79 lakhs from Rs 657.52 lakhs in the previous year (approximately 83% decline). The company recorded an exceptional item of Rs 529.36 lakhs as work-in-progress written off upon Audit Committee recommendation. Operating cash flow turned significantly negative at Rs -1,722.56 lakhs (standalone), primarily due to increase in trade receivables. The company raised substantial equity capital during the year through rights issue and warrant conversions, raising Rs 13,345 lakhs. Cash and cash equivalents improved from Rs 1,443.07 lakhs to Rs 12,722.06 lakhs. Auditors issued an unmodified (clean) opinion on the financial statements.
Despite strong revenue growth, the company experienced a severe profit decline due to exceptional write-offs and negative operating cash flows. The large equity raise improved cash position but shareholders face dilution impact. The significant working capital stress with rising receivables is a concern for future operations.