Starlog Enterprises Ltd (520155)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Starlog Enterprises' revenue was ₹2.8 Cr (-6.3% year on year, +17.9% on the previous quarter), and net profit ₹-0.9 Cr (a smaller loss than a year earlier); the operating margin was 10.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2.8 | -6.3% | +17.9% |
| Operating profit | ₹0.3 | from loss | from loss |
| Net profit | ₹-0.9 | loss narrowed | loss narrowed |
| EPS (₹) | -0.58 | loss narrowed | loss narrowed |
| Operating margin | 10.0% | — | — |
📢 Recent Corporate Announcements
Starlog Enterprises reported a consolidated net loss of ₹0.87 crore for Q1 FY27, showing improvement from a ₹2.14 crore loss in Q1 FY26. Consolidated revenue from operations declined slightly to ₹2.83 crore compared to ₹3.02 crore in the year-ago period. The results are overshadowed by a major auditor qualification regarding a ₹66.27 crore recovery certificate obtained by Axis Bank against the company, which exceeds its current market capitalization of ₹64 crore. Additionally, a dispute persists over a ₹12.01 crore investment in South West Port Limited, where the company claims a 26% stake but the investee records only 10%.
- Consolidated net loss narrowed to ₹0.87 crore in Q1 FY27 from ₹2.14 crore in Q1 FY26.
- Total consolidated income decreased by 4.8% YoY to ₹3.08 crore.
- Auditors highlighted a ₹66.27 crore recovery claim by Axis Bank, currently under appeal in the Bombay High Court.
- Disputed investment of ₹12.01 crore in South West Port Limited where 16% of the equity is contested.
- Consolidated finance costs increased to ₹35.28 lakhs from ₹23.04 lakhs YoY.
Starlog Enterprises reported a standalone net loss of ₹0.37 crore for Q1 FY27, showing improvement from a ₹1.10 crore loss in the same quarter last year. However, revenue from operations declined 18% YoY to ₹1.81 crore. The company faces a critical legal risk as Axis Bank has obtained a Recovery Certificate for ₹66.27 crore against a subsidiary, a figure that exceeds the company's entire market capitalization of ₹64 crore. Additionally, auditors have qualified the results due to a dispute over a 16% equity stake in South West Port Limited and the omission of financial data from two key associates.
- Standalone revenue from operations fell to ₹1.81 crore from ₹2.22 crore in the previous year's quarter.
- Net loss narrowed significantly to ₹0.37 crore compared to a loss of ₹1.10 crore in Q1 FY26.
- Axis Bank obtained a Recovery Certificate for ₹66.27 crore against subsidiary Kandla Container Terminal based on a shortfall undertaking.
- Auditors flagged a discrepancy where the company claims a 26% stake in SWPL (₹12.01 crore), while SWPL records show only 10%.
- Consolidated results are incomplete as they exclude the financial impact from associates South West Port Limited and Alba Asia Pvt Ltd.
Starlog Enterprises has scheduled a board meeting on August 04, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is currently in a weak financial position, reporting a TTM net loss of ‡13 crore on a revenue of only ‡10 crore. With an operating margin of -71%, investors will be closely watching for any signs of cost rationalization or revenue recovery. The company's market capitalization remains small at ‡62 crore, with a price-to-book ratio of 1.0.
- Board meeting scheduled for August 04, 2026, to approve Q1 FY27 results
- Reporting results for the quarter ended June 30, 2026
- Company reported a TTM revenue of ‡10 crore as of March 2026
- TTM Operating Profit Margin stands at -71.0%
- Net worth of the company is ‡63 crore as per latest data
Starlog Enterprises released its FY2025-26 Annual Report, revealing a significant decline in standalone gross receipts to ₹7.89 Cr, down from ₹12.08 Cr in the previous year. The company reported a standalone net loss of ₹8.65 Cr for the year, continuing its trend of negative profitability. A key development was the completion of a preferential allotment of 30,00,000 shares at ₹50 each, raising ₹15 Cr. This issuance introduced Yellowstone Investments as a major shareholder with a 20.04% stake and diluted the promoter's holding from 64.44% to 51.52%.
- Standalone gross receipts fell by 34.7% YoY to ₹7.89 Cr in FY26.
- Reported a standalone net loss of ₹8.65 Cr for FY26 compared to a profit of ₹27.06 Cr in FY25 (which included exceptional items).
- Raised ₹15 Cr through the preferential allotment of 30,00,000 equity shares at ₹50 per share.
- Promoter Saket Agarwal's shareholding diluted from 64.44% to 51.52% during the fiscal year.
- Yellowstone Investments emerged as a significant non-promoter shareholder with a 20.04% stake.
Starlog Enterprises has scheduled its 42nd AGM for August 13, 2026, following a challenging FY26 where standalone gross receipts fell 34.7% to Rs 7.89 Cr. The company reported a standalone net loss of Rs 8.65 Cr, a sharp reversal from the Rs 27.06 Cr profit in FY25 which was heavily influenced by exceptional items. During the year, the company raised Rs 15 Cr through a preferential allotment of 30 lakh shares at Rs 50 each, leading to the entry of Yellowstone Investments as a 20.04% shareholder. Consequently, promoter Saket Agarwal's holding diluted from 64.44% to 51.52%.
- Standalone Gross Receipts declined to Rs 7.89 Cr in FY26 from Rs 12.08 Cr in FY25
- Standalone Net Loss of Rs 8.65 Cr in FY26 compared to a profit of Rs 27.06 Cr in FY25
- Preferential allotment of 30,00,000 equity shares at Rs 50 per share raised Rs 15 Cr
- Promoter holding diluted by 12.92% to 51.52% as of March 31, 2026
- Yellowstone Investments emerged as a significant shareholder with a 20.04% stake
Starlog Enterprises has approved the re-appointment of Mr. Shankar Viswanathan as a Non-Executive Independent Director for a second five-year term, effective from July 5, 2027, to July 4, 2032. The board also appointed M/s. Rahul D Shah & Co. as the Internal Auditor for the financial year 2026-27. These decisions were finalized in a brief board meeting lasting 13 minutes on July 15, 2026. The director's re-appointment remains subject to shareholder approval.
- Re-appointment of Mr. Shankar Viswanathan for a second 5-year term starting July 5, 2027.
- Appointment of M/s. Rahul D Shah & Co. as Internal Auditor for the full FY 2026-27.
- Board meeting conducted in 13 minutes, from 5:20 PM to 5:33 PM on July 15, 2026.
- Director's tenure extended until July 4, 2032, pending shareholder approval.
Starlog Enterprises has approved the re-appointment of Mr. Shankar Viswanathan as a Non-Executive Independent Director for a second five-year term, effective from July 5, 2027, to July 4, 2032. Mr. Viswanathan brings technical expertise from previous roles at the Chennai and Mormugao Port Authorities. Additionally, the board appointed M/s. Rahul D Shah & Co. as the Internal Auditor for the 2026-27 financial year. These administrative updates ensure continuity in governance and compliance functions.
- Re-appointment of Mr. Shankar Viswanathan for a 5-year term starting July 5, 2027
- Appointment of M/s. Rahul D Shah & Co. as Internal Auditor for FY 2026-27
- The board meeting was brief, lasting only 13 minutes from 5:20 PM to 5:33 PM
- Director re-appointment is subject to shareholder approval
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