We wish to inform you that the Board of Directors of the Company in their Meeting held today i.e. Wednesday, 12th November, 2025, in which, inter alia considered and approved the Unaudited ....
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The board of StarlinePS Enterprises approved unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2025, along with limited review reports from auditors Kansariwala & Chevli (clean opinion, no qualifications). Q2 FY26 revenue from operations jumped to Rs 3,685.95 lakhs from Rs 2,442.72 lakhs in Q2 FY25, a sharp ~51% YoY growth, driven by diamond and jewellery trading. However, profitability weakened materially – Q2 PAT fell to Rs 157.19 lakhs (vs Rs 325.40 lakhs in Q2 FY25) and H1 PAT dropped to Rs 244.78 lakhs (vs Rs 610.73 lakhs), reflecting margin compression. Operating cash flow turned sharply negative at -Rs 939.58 lakhs for H1 (vs +Rs 253.98 lakhs last year), with the company taking fresh short-term borrowings of Rs 934.12 lakhs to support working capital. The filing also notes the recent completion of a rights issue of 10.37 crore equity shares in October 2025 and an increase in authorised share capital to Rs 60 crore.
Strong top-line growth is encouraging, but the steep fall in profits, squeezed margins, and negative operating cash flow are red flags for near-term earnings quality. Shareholders should watch for margin recovery and improvement in cash generation; dilution from the recent rights issue may also weigh on EPS in coming quarters.