Submission of Unaudited (Standalone and consolidated) financial of (Starlit Power System Limited) for the quarter ended on 31st december 2025 along with limited review report thereon.
Awaiting price reaction for this filing.
Starlit Power Systems Limited (formerly KDG Properties & Construction Pvt Ltd) reported its Q3 FY26 results with revenue from operations collapsing to just Rs. 0.11 lakhs, down from Rs. 41.59 lakhs in the year-ago quarter. The company posted a massive standalone loss of Rs. 1,338.89 lakhs for the quarter, mainly driven by an unusual spike in "Other expenses" of Rs. 1,335.86 lakhs. For the nine months ended December 2025, the loss widened sharply to Rs. 1,355.26 lakhs versus Rs. 52.62 lakhs in the prior year period. Statutory auditor VRSK & Associates issued a limited review report containing an "Emphasis of Matter" paragraph, though otherwise clean and without qualification.
The dramatic jump in losses, combined with near-zero revenue, signals serious operational stress and raises going-concern concerns for shareholders; this is likely to weigh negatively on the stock despite the year-ago base already being small.