UNAUDITED (STANDALONE AND CONSOLIDATED) FINANCIAL RESULTS The Board of Director have considered and approved the Unaudited (Standalone and Consolidated) Financial Results along with Limited ....
Awaiting price reaction for this filing.
The Board of Directors of Starlit Power Systems Limited approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31 December 2025. On a standalone basis, the company reported a total income of just Rs 0.11 lakh in Q3 FY26 and a loss of Rs 1,342.28 lakhs, against a loss of Rs 11.40 lakhs in the previous quarter. For the nine months ended December 2025, total income collapsed to Rs 4.34 lakhs (from Rs 45.94 lakhs in the comparable period last year), with a cumulative loss of Rs 1,368.45 lakhs and a diluted EPS of Rs (6.70). The auditor (VRSK & Associates) issued the limited review report with an 'Emphasis of Matter' qualification. The company also confirmed Regulation 32 is not applicable since it has not raised funds via public/rights/preferential issues, and appointed Mrs. Babita Jain as an Additional & Executive Director.
The results are extremely negative for shareholders - the company is reporting near-zero revenue alongside ballooning losses that have wiped out roughly two-thirds of its paid-up equity in a single quarter. The emphasis of matter from the auditor raises additional concern. Existing investors are likely to see significant stock price pressure; this is a high-risk, small-cap situation requiring caution.