Starcom Information Technology Ltd — Results, 30-05-2025: Result

Starcom Information Technology Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported total income of Rs. 3.30 Cr for the year, but incurred a net loss after tax of Rs. 4.99 Cr, widening from Rs. 7.69 Cr loss the previous year. Earnings per share stood at a loss of Rs. 9.99. Significant concerns include overdue statutory dues aggregating over Rs. 17 Crores (including interest), unpaid office rent of Rs. 0.38 Cr owed to a promoter, and intangible assets under development valued at Rs. 24.31 Cr with uncertain future benefits. The company’s net worth is fully eroded, with current liabilities exceeding current assets, raising material uncertainty on its ability to continue as going concern. Management is seeking investors to support working capital needs and expects future profitability. The auditor has issued a qualified opinion primarily due to these factors.