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Latest filing: 2026-08-14 20:13
206 analysed today
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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
3 announcements match the current filters (relevance ≥ 5).
Starcom IT Q1 Net Loss Widens to Rs 1.88 Cr; Auditor Highlights Going Concern & Statutory Dues
Starcom Information Technology reported weak Q1 results with revenue from operations falling to Rs 22.11 lakhs compared to Rs 28.57 lakhs in Q1 of the previous year. Net loss widened to Rs 188.41 lakhs from Rs 159.70 lakhs YoY, driving the quarter's EPS to Rs -3.77. The company's financial position remains severely stressed with fully eroded net worth and an auditor warning regarding its going concern status. The auditor also issued modified observations on overdue statutory dues exceeding Rs 16.5 crore and unverified intangible assets under development worth Rs 24.31 crore.
Confidence: HIGH
What changedQ1 financial results showed persisting operational losses and widening net loss, accompanied by repeat auditor qualifications on going concern and unpaid statutory dues.
Why it mattersWith negative net worth (Rs -30 Cr) and quarterly expenses exceeding revenue by almost tenfold, the business faces acute liquidity stress and material solvency risks.
Net Sales / Income from operations: Rs 22.11 lakhsNet Loss: Rs 188.41 lakhsOverdue TDS Dues (incl. interest): Rs 1204.16 lakhsIntangible Assets Under Development: Rs 2431.02 lakhsAdvance for Vacating Premises: Rs 1000.00 lakhs
📅 Short termNegative sentiment is likely to persist given operating cash burn, expanding losses, and significant auditor modifications.
📈 Long termSurvival remains questionable without substantial equity infusion, debt restructuring, and clear commercial traction on the software assets.
⚠ Risk flags
- Material uncertainty over going concern with fully eroded net worth
- Overdue statutory dues exceeding Rs 16.5 crore with escalating interest liabilities
- Risk of impairment on Rs 24.31 crore of Intangible Assets under Development
- Unresolved promoter-related lease rent disputes and liabilities
Key Highlights
Revenue from operations fell to Rs 22.11 lakhs in Q1 from Rs 28.57 lakhs in the prior-year period
Net loss widened to Rs 188.41 lakhs against a loss of Rs 159.70 lakhs in Q1 of the previous year
Overdue statutory liabilities stood high, including Rs 1,204.16 lakhs in TDS (interest: Rs 701.12 lakhs) and Rs 236.29 lakhs in GST/Sales Tax
Auditor flagged going concern uncertainty and lack of audit evidence for Intangible Assets under Development valued at Rs 2,431.02 lakhs
👀 What to Watch
Track whether management can successfully resolve statutory liabilities, secure external financing, or deliver tangible commercialization of its Rs 24.31 crore software development asset.
Starcom IT Q1 FY27 Revenue Falls to Rs 22.11 Lakh; Net Loss Widens to Rs 1.88 Cr
Starcom Information Technology reported Q1 FY27 revenue from operations of Rs 22.11 lakh, down 22.6% YoY from Rs 28.57 lakh and 68.4% QoQ from Rs 70.06 lakh. Net loss for the quarter widened to Rs 1.88 crore (EPS of Rs -3.77) compared to a loss of Rs 1.60 crore in Q1 FY26. The independent auditor highlighted significant material uncertainty regarding going concern, citing eroded net worth, recurring cash losses, and overdue statutory liabilities totaling Rs 16.59 crore (including TDS, GST, and PF). Additionally, the auditor issued modified observations on uncompleted Intangible Assets under Development valued at Rs 24.31 crore.
Confidence: HIGH
What changedStarcom reported a wider quarterly net loss of Rs 1.88 crore on a diminished revenue base of Rs 22.11 lakh for Q1 FY27.
Why it mattersThe company faces severe solvency and liquidity stress, exacerbated by negative net worth, heavy statutory defaults, and ongoing operational losses.
Revenue from operations: Rs 22.11 lakhNet Loss: Rs 188.41 lakhOverdue Statutory Liabilities: Rs 1658.80 lakhIntangible Assets under Development: Rs 2431.02 lakhUpfront liability for vacating premises: Rs 1000.00 lakh
📅 Short termFinancial distress and pervasive auditor qualifications are likely to maintain severe negative pressure on company operations and sentiment.
📈 Long termHigh structural risk given fully eroded net worth (-Rs 30 Cr), recurring cash losses, and unproven economic viability of core intangible assets.
⚠ Risk flags
- Material uncertainty over going concern due to depleted net worth and negative operating cash flows
- Accumulated statutory tax and PF defaults exceeding Rs 16.5 crore
- Impairment risk on uncommercialized Intangible Assets under Development of Rs 24.31 crore
Key Highlights
Revenue from operations fell 22.6% YoY to Rs 22.11 lakh compared to Rs 28.57 lakh in Q1 FY26.
Net loss widened to Rs 188.41 lakh against Rs 159.70 lakh in the corresponding prior-year period.
Overdue statutory dues totaled Rs 1,658.80 lakh (including TDS of Rs 1,204.16 lakh and GST/PF liabilities with interest).
Auditor flagged going concern uncertainty and lack of audit evidence for Intangible Assets under Development of Rs 2,431.02 lakh.
👀 What to Watch
Monitor any updates regarding external investor fund infusion, statutory dues settlement, and auditor remarks in future quarters regarding potential asset impairments.
Q1 Net Loss Widens to ₹1.88 Cr on ₹0.22 Cr Revenue; Auditor Flags Statutory Overdues
Starcom Information Technology reported a net loss of ₹1.88 crore for the quarter ended June 30, 2026, widening from a loss of ₹1.60 crore in Q1 FY26 and ₹1.45 crore in Q4 FY26. Operational revenue remained weak at ₹22.11 lakhs compared to ₹70.06 lakhs in the previous quarter and ₹28.57 lakhs a year ago. Statutory auditors issued significant qualifications highlighting ₹1,658.80 lakhs in overdue statutory liabilities (including TDS of ₹1,204.16 lakhs), ₹2,431.02 lakhs in unverified intangible assets under development, and material uncertainty regarding going concern.
Confidence: HIGH
What changedReported Q1 financial results showing widening net losses to ₹1.88 crore along with multiple recurring audit qualifications.
Why it mattersThe company's operational revenue is negligible compared to operating expenses, and severe statutory liabilities and negative net worth pose existential going-concern risks.
Net Sales / Revenue: ₹22.11 lakhsNet Loss: ₹188.41 lakhsOverdue TDS Liabilities: ₹1,204.16 lakhsIntangible Assets under Development: ₹2,431.02 lakhsBasic EPS: ₹(3.77)
📅 Short termFinancial performance continues to deteriorate with negligible revenue and expanding quarterly losses, compounded by extensive auditor qualifications.
📈 Long termSevere structural distress with fully eroded net worth, ongoing cash burn, and substantial overdue statutory obligations threatening business continuity.
⚠ Risk flags
- Going concern material uncertainty due to complete net worth erosion
- Overdue statutory dues exceeding ₹16.5 crore (TDS, GST, PF/ESIC)
- Risk of material impairment on ₹24.31 crore intangible assets under development
- Unprovided promoter-linked rent dispute of ₹607.15 lakhs
Key Highlights
Q1 net loss expanded to ₹188.41 lakhs compared to ₹159.70 lakhs in Q1 FY26
Revenue from operations fell to ₹22.11 lakhs vs ₹70.06 lakhs in Q4 FY26 and ₹28.57 lakhs in Q1 FY26
Overdue statutory dues totaled over ₹16.58 crore, including ₹1,204.16 lakhs in TDS
Auditor flagged lack of evidence for ₹2,431.02 lakhs of long-pending intangible assets under development
Unprovided rent liability noted at ₹607.15 lakhs for promoter-linked premises
👀 What to Watch
Track management's progress on proposed working capital fundraising and any statutory enforcement actions or impairment write-downs on intangible assets.
