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Starlineps Enterprises Q2 FY27 results: net profit down 20.4% to ₹1.25 crore, revenue down 46.6%
Starlineps Enterprises Ltd reported consolidated revenue of ₹19.68 crore for Q2 FY27, down 46.6% from ₹36.86 crore in the year-ago quarter, while net profit fell to ₹1.25 crore from ₹1.57 crore. EBITDA turned to a loss of ₹1.06 crore from ₹2.18 crore a year earlier, although profit before tax rose to ₹1.90 crore from ₹1.90 crore with other income of ₹3.17 crore. Basic EPS was ₹0.03.
Key points
- Consolidated revenue was ₹19.68 crore in Q2 FY27, down ₹17.18 crore or 46.6% from ₹36.86 crore in Q2 FY26.
- EBITDA was a loss of ₹1.06 crore in Q2 FY27 against a profit of ₹2.18 crore in the year-ago quarter, with the margin moving from 5.9% to -5.4%.
- Net profit was ₹1.25 crore, down ₹0.32 crore or 20.4% from ₹1.57 crore in Q2 FY26, and basic EPS was ₹0.03.
- Profit before tax was ₹1.90 crore, down ₹0.11 crore or 5.5% from ₹2.01 crore a year earlier, while other income was ₹3.17 crore against no other income in Q2 FY26.
- On a standalone basis, revenue was ₹19.57 crore and net profit was ₹1.41 crore for Q2 FY27.
How did Starlineps Enterprises perform in Q2 FY27?
Starlineps Enterprises reported consolidated revenue of ₹19.68 crore for Q2 FY27, the July–September 2026 quarter, against ₹36.86 crore in Q2 FY26, a fall of ₹17.18 crore or 46.6%. Against Q1 FY27, revenue was lower by ₹0.50 crore or 2.5%, from ₹20.18 crore. Total income was ₹22.86 crore, up ₹2.68 crore or 13.3% from the previous quarter but down ₹14 crore or 38.0% from a year earlier.
Consolidated EBITDA for the quarter was a loss of ₹1.06 crore, against a profit of ₹2.18 crore in Q2 FY26 and ₹0.61 crore in Q1 FY27. The EBITDA margin moved from 5.9% a year ago and 3.0% in the previous quarter to -5.4% in Q2 FY27. Profit before tax was ₹1.90 crore, down ₹0.11 crore or 5.5% from ₹2.01 crore a year earlier but up ₹1.41 crore or 287.8% from ₹0.49 crore in the previous quarter.
Net profit for the quarter was ₹1.25 crore, down ₹0.32 crore or 20.4% from ₹1.57 crore in the year-ago quarter and up ₹0.89 crore or 247.2% from ₹0.36 crore in Q1 FY27. Basic EPS was ₹0.03, compared with ₹0.08 in Q2 FY26 and ₹0.01 in the previous quarter. On a standalone basis, revenue was ₹19.57 crore and net profit was ₹1.41 crore for Q2 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 19.68 | 20.18 | 36.86 | −46.6% | −2.5% |
| Other income | 3.17 | 0 | 0 | ||
| Total expenses | 20.96 | 19.69 | 34.85 | −39.9% | +6.4% |
| EBITDA | −1.06 | 0.61 | 2.18 | turned to loss | turned to loss |
| EBITDA margin | -5.4% | 3.0% | 5.9% | −11.3 pp | −8.4 pp |
| Profit before tax | 1.90 | 0.49 | 2.01 | −5.5% | +287.8% |
| Tax | 0.53 | 0.13 | 0.44 | +20.5% | +307.7% |
| Net profit | 1.25 | 0.36 | 1.57 | −20.4% | +247.2% |
| EPS (₹) | 0.03 | 0.01 | 0.08 | −62.5% | +200.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Starlineps Enterprises' costs and profit?
Total expenses for Q2 FY27 were ₹20.96 crore, down ₹13.89 crore or 39.9% from ₹34.85 crore in the year-ago quarter, but up ₹1.27 crore or 6.4% from ₹19.69 crore in Q1 FY27. Cost of materials was ₹1.81 crore against no cost of materials in Q2 FY26, and other expenses were ₹0.81 crore, up ₹0.45 crore or 125.0% from ₹0.36 crore a year earlier.
Employee cost was ₹0.11 crore, up ₹0.04 crore or 57.1% from ₹0.07 crore in the year-ago quarter. Finance costs were ₹0.20 crore, up ₹0.04 crore or 25.0% from ₹0.16 crore, and depreciation was ₹0.02 crore, up ₹0.01 crore or 100.0% from ₹0.01 crore. Against the previous quarter, other expenses rose ₹0.62 crore or 326.3% from ₹0.19 crore, while finance costs rose ₹0.09 crore or 81.8%.
Other income was ₹3.17 crore in Q2 FY27 against no other income in both Q2 FY26 and Q1 FY27. There was no exceptional item in the quarter. Tax expense was ₹0.53 crore, up ₹0.09 crore or 20.5% from ₹0.44 crore a year earlier and up ₹0.40 crore or 307.7% from ₹0.13 crore in the previous quarter. The filings do not state a reason for the changes in these lines.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1.81 | 0 | +1.81 | |
| Employee cost | 0.11 | 0.07 | +0.04 | +57.1% |
| Finance costs | 0.20 | 0.16 | +0.04 | +25.0% |
| Depreciation | 0.02 | 0.01 | +0.01 | +100.0% |
| Other expenses | 0.81 | 0.36 | +0.45 | +125.0% |
| Total expenses | 20.96 | 34.85 | −13.89 | −39.9% |
| Other income | 3.17 | 0 | +3.17 | |
| Tax | 0.53 | 0.44 | +0.09 | +20.5% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹39.86 crore, down ₹9.57 crore or 19.4% from ₹49.43 crore in H1 FY26. Total income was ₹43.04 crore, down ₹6.39 crore or 12.9% from ₹49.43 crore. The company said it is engaged in the business of trading of diamonds and jewellery, with no separate reporting segment under Ind AS 108.
Profit before tax for H1 FY27 was ₹2.39 crore, down ₹0.78 crore or 24.6% from ₹3.17 crore in H1 FY26. Net profit was ₹1.61 crore, down ₹0.84 crore or 34.3% from ₹2.45 crore, and EPS was ₹0.04 compared with ₹0.12, a fall of ₹0.08 or 66.7%. The results were reviewed by the Audit Committee and approved by the Board of Directors on 5 November 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 39.86 | 49.43 | −19.4% |
| Profit before tax | 2.39 | 3.17 | −24.6% |
| Net profit | 1.61 | 2.45 | −34.3% |
| EPS (₹) | 0.04 | 0.12 | −66.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
On the consolidated balance sheet at 30 September 2026, total assets stood at ₹187.6 crore against ₹177.03 crore at 31 March 2026, and total equity was ₹169.23 crore against ₹167.42 crore. Borrowings were ₹11.4 crore compared with ₹3.95 crore at the earlier date, while cash was ₹0.11 crore against ₹127.31 crore.
Inventories fell to ₹8.65 crore from ₹17.6 crore at 31 March 2026, and trade receivables were ₹14.77 crore against ₹18.37 crore. Trade payables were ₹5.26 crore against ₹5.10 crore at the previous balance sheet date.
For H1 FY27, operating cash flow was ₹12.28 crore, compared with a negative ₹9.4 crore in H1 FY26. Investing cash flow was a negative ₹37.24 crore against a negative ₹0.1 crore a year earlier, financing cash flow was ₹7.14 crore against ₹9.34 crore, and capital expenditure was ₹0.59 crore against ₹0.02 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 187.60 | 177.03 |
| Total equity | 169.23 | 167.42 |
| Borrowings | 11.40 | 3.95 |
| Cash and equivalents | 0.11 | 127.31 |
| Inventories | 8.65 | 17.60 |
| Trade receivables | 14.77 | 18.37 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 12.28 | −9.40 |
| Cash from investing | −37.24 | −0.10 |
| Cash from financing | 7.14 | 9.34 |
| Capital expenditure | 0.59 | 0.02 |
Source: Company's results filing (XBRL).
How has Starlineps Enterprises done over the last 8 quarters?
Revenue over the last eight quarters peaked at ₹36.86 crore in Q2 FY26 and was lowest at ₹12.57 crore in Q1 FY26. It then moved to ₹20.19 crore in Q3 FY26, ₹28.02 crore in Q4 FY26 and ₹20.18 crore in Q1 FY27 before easing to ₹19.68 crore in Q2 FY27.
Net profit was lowest at a loss of ₹2.06 crore in Q4 FY26 and peaked at ₹1.57 crore in Q2 FY26. It recovered to ₹0.36 crore in Q1 FY27 and rose further to ₹1.25 crore in Q2 FY27. The EBITDA margin moved from 5.9% in Q2 FY26 to 3.0% in Q1 FY27 and -5.4% in Q2 FY27.
Quick answers
What was Starlineps Enterprises' revenue in Q2 FY27?
Revenue from operations was ₹19.68 crore, down 46.6% from ₹36.86 crore in Q2 FY26 (consolidated).
Did Starlineps Enterprises make a profit in Q2 FY27?
Yes. Net profit was ₹1.25 crore, against a net profit of ₹1.57 crore in Q2 FY26.
What was Starlineps Enterprises' EPS in Q2 FY27?
Basic earnings per share were ₹0.03, against ₹0.08 in Q2 FY26.
When did Starlineps Enterprises announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Declaration Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2026. (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Held On 05Th November, 2026 (BSE, 5 November 2026) · PDF
- Results - Financial Results For The Quarter And Half Year Ended 30Th September, 2026 (BSE, 5 November 2026) · PDF
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