Starcom Information Technology Ltd (531616)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Starcom Information's revenue was ₹0.2 Cr (-23.8% year on year, -68.4% on the previous quarter), and net profit ₹-1.9 Cr (a bigger loss than a year earlier); the operating margin was -750.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.2 | -23.8% | -68.4% |
| Operating profit | ₹-1.7 | loss widened | loss widened |
| Net profit | ₹-1.9 | loss widened | loss widened |
| EPS (₹) | -3.77 | loss widened | loss widened |
| Operating margin | -750.5% | — | — |
📢 Recent Corporate Announcements
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.
- 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
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.
- 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.
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.
- 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
Starcom Information Technology has scheduled a board meeting on August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of Rs -30 Cr and TTM losses of Rs -6 Cr. Given the TTM revenue is only Rs 2 Cr, the upcoming results are critical to assess if the company can narrow its significant operating losses (OPM of -298.3%).
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Trading window for insiders closed from August 12, 2026, until 48 hours after result declaration.
- Company reported a TTM loss of Rs -6 Cr against a small revenue base of Rs 2 Cr.
- Net worth remains deeply negative at Rs -30 Cr as of the latest available data.
Starcom Information Technology Ltd has announced the resignation of Mr. Joydeep Sarkar from the position of Company Secretary and Key Managerial Personnel (KMP), effective June 20, 2026. The resignation is attributed to his pursuit of other professional opportunities. This change occurs in a micro-cap company with a market capitalization of Rs 44 Cr and significant financial stress, including a negative net worth of Rs -30 Cr and TTM losses of Rs 6 Cr.
- Resignation of Company Secretary and KMP effective from the close of business on June 20, 2026.
- The company acknowledged the resignation on June 20, 2026, though the formal disclosure was dated July 2, 2026.
- Starcom reported a TTM revenue of only Rs 2 Cr against a net loss of Rs 6 Cr.
- Promoter holding has significantly decreased from 65.79% in June 2025 to 45.17% in March 2026.
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