STARTECK - Starteck Fin.
📢 Recent Corporate Announcements
Starteck Finance reported a robust performance for the quarter ended December 31, 2025, with consolidated net profit doubling to ₹7.48 crore from ₹3.63 crore in the previous year. Total income grew by 65% YoY to ₹15.66 crore, significantly bolstered by a sharp rise in other income. The company's core revenue from operations also saw healthy growth of 16.2% YoY. For the nine-month period, the company has already surpassed its previous full-year profit, reaching ₹18.38 crore.
- Consolidated Net Profit increased 105.9% YoY to ₹747.71 lakh from ₹363.11 lakh.
- Total Income rose 65.1% YoY to ₹1,566.19 lakh, driven by a surge in Other Income to ₹548.09 lakh.
- Revenue from operations grew 16.2% YoY to ₹1,018.10 lakh compared to ₹876.13 lakh in Q3 FY25.
- Basic EPS for the quarter improved to ₹7.54 from ₹3.66 in the corresponding quarter of the previous year.
- Nine-month consolidated net profit reached ₹1,838.10 lakh, representing a 103.9% growth over the same period last year.
Starteck Finance Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The certificate, provided by Adroit Corporate Services Pvt. Ltd., confirms that all dematerialization requests were processed and physical certificates were mutilated and cancelled within the mandatory 15-day period. This filing confirms that the company's share registry is up to date and in compliance with depository regulations. As a routine administrative matter, it has no direct impact on the company's financial performance or valuation.
- Compliance certificate for the quarter ended December 31, 2025, has been submitted to NSE and BSE.
- Registrar Adroit Corporate Services confirmed dematerialization requests were handled within 15 days.
- Physical security certificates were mutilated and cancelled after due verification by depository participants.
- The name of the depositories has been substituted in the register of members as the registered owner.
Starteck Finance Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI's insider trading regulations. This closure is ahead of the declaration of the company's unaudited financial results for the quarter and nine months ending December 31, 2025. The trading window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are made public. This is a standard regulatory procedure for listed companies in India to prevent insider trading during sensitive periods.
- Trading window closure effective from January 1, 2026
- Closure pertains to the financial results for the quarter and nine months ending December 31, 2025
- Window to reopen 48 hours after the official declaration of unaudited financial results
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Financial Performance
Revenue Growth by Segment
Financing activities (100% of revenue): Total income grew 17.4% YoY to INR 33.27 Cr in FY25 from INR 28.34 Cr in FY24. Interest income grew 5.6% YoY to INR 27.83 Cr.
Geographic Revenue Split
100% Mumbai Metropolitan Region (MMR) focus, leveraging Sunteck Realty's brand recall in urban and semi-urban areas.
Profitability Margins
Net profit ratio decreased from 37.22% to 33.87% (-8.99% variance) due to a 63.1% surge in finance costs. Return on Equity (ROE) fell from 5.86% to 5.01% (-14.57% variance).
EBITDA Margin
Return on Capital Employed (ROCE) improved from 12.71% to 13.28% (+4.45% variance), indicating better core profitability despite higher borrowing costs.
Capital Expenditure
INR 11 Cr invested in wholly-owned subsidiary Starteck Housing Finance Private Limited to secure a housing finance license.
Credit Rating & Borrowing
BWR rating withdrawn in July 2021. Total borrowings of INR 87.31 Cr include an overdraft limit of INR 46.49 Cr, term loans of INR 31.61 Cr, and group loans of INR 9.21 Cr.
Operational Drivers
Raw Materials
Capital/Debt (Finance Cost: INR 18.99 Cr, representing 57% of total income).
Key Suppliers
Sunteck Realty (Promoter support), various banks for overdraft and term loan facilities.
Capacity Expansion
Not applicable for financial services; focus is on scaling the loan book balance sheet.
Raw Material Costs
Finance costs increased 63.1% YoY to INR 18.99 Cr from INR 11.64 Cr, driven by increased leverage to grow the lending portfolio.
Manufacturing Efficiency
Return on Investment (ROI) decreased from 8.31% to 5.58% (-32.93% variance) due to increased holdings in low-coupon sovereign gold bonds.
Strategic Growth
Expected Growth Rate
17.40%
Growth Strategy
Leveraging synergies with Sunteck Realty to target homebuyers in residential projects, expanding into mid-income and affordable housing segments, and scaling MSME lending.
Products & Services
Retail home loans, loans to small corporates/MSMEs, and corporate financing.
Brand Portfolio
Sunteck (synergy), Starteck Finance.
New Products/Services
Housing finance via Starteck Housing Finance Private Limited (license applied for).
Market Expansion
Focus on 'Emerging India' and urban/semi-urban areas within the Mumbai Metropolitan Region.
Strategic Alliances
Strategic synergy with Sunteck Realty for captive customer acquisition.
External Factors
Industry Trends
Favorable outlook for mid-income and affordable housing segments in the medium term, supporting NBFC growth in retail lending.
Competitive Landscape
Competes with other ND-NSI NBFCs and Housing Finance Companies (HFCs) in the MMR region.
Competitive Moat
Durable moat through captive customer sourcing from Sunteck Realty, reducing customer acquisition costs compared to independent NBFCs.
Macro Economic Sensitivity
Highly sensitive to interest rate cycles and real estate demand in the Mumbai Metropolitan Region.
Consumer Behavior
Increasing demand for affordable housing and simplified retail finance solutions in semi-urban areas.
Geopolitical Risks
Low, as operations are entirely domestic and focused on the Indian housing market.
Regulatory & Governance
Industry Regulations
Regulated by RBI as a Non-Deposit taking, Non-Systemically Important (ND-NSI) NBFC; compliant with Ind AS 34.
Taxation Policy Impact
Effective tax rate appears low; standalone PBT of INR 11.17 Cr resulted in PAT of INR 10.04 Cr.
Legal Contingencies
Not disclosed in available documents; auditors issued an unmodified opinion on internal financial controls.
Risk Analysis
Key Uncertainties
Nascent stage of operations and limited experience in the financial services space pose execution risks.
Geographic Concentration Risk
100% revenue concentration in the Mumbai Metropolitan Region (MMR).
Third Party Dependencies
Heavy reliance on Sunteck Realty promoters for capital support and resource raising.
Credit & Counterparty Risk
Exposure to group companies through short-term loans and legacy portfolio delinquencies (now fully provided for).