Financial Results (Standalone and Consolidated) of the Company for the Quarter and Nine Months ended December 31, 2025.
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Starlog Enterprises posted weak Q3 FY26 results with consolidated revenue from operations falling to Rs. 241.50 lakhs versus Rs. 501.88 lakhs in Q3 FY25, a sharp drop of around 52% year-on-year. The company slipped into a consolidated loss after tax of Rs. 204.85 lakhs in Q3 FY26 compared to a profit of Rs. 172.82 lakhs a year ago, taking the nine-month loss to Rs. 764.06 lakhs versus a profit of Rs. 2,611.75 lakhs in 9M FY25. Standalone results also showed a loss of Rs. 145.36 lakhs for the quarter. The auditor issued a qualified limited review, flagging concerns including a Rs. 6,627.20 lakhs Recovery Certificate obtained by Axis Bank against the company's subsidiary KCTPL based on a Shortfall Undertaking, an unresolved investment holding discrepancy in South West Port Limited (shown as 26% vs 10%), and pending conversion of Rs. 1,000 lakhs CCPS. The company raised Rs. 1,500 lakhs via preferential allotment of 30 lakh shares at Rs. 50 each during an earlier quarter.
Shareholders face deteriorating fundamentals with revenue halving year-on-year, swinging to losses, and a very large sub-judice contingent liability of Rs. 66+ crore tied to the subsidiary, which poses a significant risk to the stock. The qualified audit report and unresolved investment dispute further weaken investor confidence.