Starteck Finance Limited has submitted to the Exchange, the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026.
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Starteck Finance reported strong audited results for FY2026 ending March 31. Consolidated net profit jumped 126% to Rs 2,361.21 lakh from Rs 1,042.42 lakh in FY2025, while standalone net profit grew 71% to Rs 1,715.60 lakh. Total consolidated income rose 54% to Rs 4,573.48 lakh. The company declared a final dividend of Rs 0.25 per share (2.5%), though promoters waived their right to receive it. Statutory auditors MKPS & Associates issued unmodified (unqualified) opinions on both standalone and consolidated financials. The board approved appointment of Bagaria & Co. LLP as new statutory auditors for 5 years from the 41st AGM. Note: Auditors flagged a going concern uncertainty for subsidiary Bhuwalka Steel Industries which has negative net worth of Rs 69.08 crore.
Strong profit growth signals solid operational performance, though the going concern flag on the steel subsidiary may warrant attention. The dividend and auditor change are routine governance matters.