Financial Results for the quarter and year March 31, 2026.

Starlog Enterprises reported a sharp reversal from profit to loss for FY26. Consolidated revenue fell 28.5% to Rs 986.90 lakh from Rs 1,380.74 lakh, while consolidated net loss stood at Rs 1,343.76 lakh versus a profit of Rs 2,607.61 lakh in FY25. On a standalone basis, the company posted a net loss of Rs 864.79 lakh against a profit of Rs 2,706.37 lakh in the prior year. The auditors issued an unmodified opinion but drew attention to three key concerns: (1) a disputed shareholding in South West Port Limited — the company shows 26% ownership worth Rs 12.01 crore, while SWPL's records reflect only 10%, with the differential shares allegedly transferred to entities with credit balances; (2) Axis Bank obtained a Recovery Certificate of Rs 6,627.20 lakh from DRT Mumbai against the company (under a Shortfall Undertaking for a subsidiary's debt), which is under challenge before DRAT; and (3) the company did not receive financial statements from its two associate companies (SWPL and Alba Asia), making the consolidated profit/loss impact unascertainable. Exceptional items for the year included write-offs and de-recognition of MAT credit. The company also raised Rs 1,500 lakh via preferential allotment and plans to invest up to Rs 5 crore in its WOS Starport Logistics Limited and Rs 1.60 crore in KCTPL.