Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2025.
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Starlog Enterprises reported standalone revenue of ₹187.27 lakhs for Q2 FY26, down from ₹275.03 lakhs in Q2 FY25. Half-year standalone revenue fell to ₹409.19 lakhs versus ₹532.28 lakhs a year ago, a decline of roughly 23%. The company swung to a standalone loss after tax of ₹290.75 lakhs for the half year, compared to a profit of ₹2,465.67 lakhs last year, when results were boosted by one-time exceptional gains of ₹2,498.14 lakhs. The current quarter carries an exceptional loss of ₹58.56 lakhs from written-off sundry balances and lapsed MAT credit. On a consolidated basis, half-year revenue declined to ₹505.08 lakhs and the company posted a loss after tax of ₹559.21 lakhs. The auditor flagged several serious matters, including a DRT recovery certificate of ₹6,627.20 lakhs obtained by Axis Bank against subsidiary KCTPL based on a shortfall undertaking given by the company, and a shareholding discrepancy at associate South West Port Limited where Starlog claims 26% but SWPL records show only 10%. The company raised ₹1,500 lakhs during the prior quarter via a preferential allotment of 30 lakh shares at ₹50 each.
The steep revenue fall and return to core losses signal weakening operations, while the ₹66+ crore Axis Bank recovery notice against a subsidiary is a significant overhang. Existing shareholders have been diluted by the recent preferential issue and face continued uncertainty pending resolution of the SWPL shareholding dispute and KCTPL litigation.