Starlog Enterprises Q2 FY27 Standalone Net Loss (31.85 Lakhs)
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 05 Nov 2026, 05:52 PM IST · BSE ID: f526a533-7e9f-4592-91b2-aedfdfe408a1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board reviewed and approved its latest financial results, showing a loss for the recent quarter, and auditors flagged issues with an investment and a legal case.
🤖 AI Summary
- Board of Directors approved unaudited standalone and consolidated financial results for Q2 FY27.
- Standalone net loss after tax for Q2 FY27 was (31.85) Lakhs, compared to (181.18) Lakhs in Q2 FY26.
- Total standalone income for the quarter ended September 30, 2026, was 209.99 Lakhs.
- Auditors noted a discrepancy regarding the Company's Rs. 12.01 Crore investment in South West Port Limited.
- Auditors highlighted ongoing legal proceedings concerning a Recovery Certificate against a subsidiary for 6,627.20 Lakhs.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Standalone Revenue from Operations (Q2 FY27)
107.65 Lakhs
-42.51%
Standalone Profit/(Loss) after tax (Q2 FY27)
(31.85) Lakhs
82.42%
Standalone Total Income (Q2 FY27)
209.99 Lakhs
11.46%
Standalone Basic EPS (Q2 FY27)
(0.21) Rs.
82.64%
Investment in South West Port Limited
Rs. 12.01 Crore
Recovery Certificate Amount (Kandla Container Terminal)
6,627.20 Lakhs
Total Assets (As At 30.09.2026)
11,460.08 Lakhs
Total Equity (As At 30.09.2026)
8,622.57 Lakhs
Non-Current Borrowings (As At 30.09.2026)
-
🏢 How This Affects the Company
The ongoing discrepancy in investment reporting for South West Port Limited and the legal proceedings related to the Recovery Certificate may impact strategic decisions regarding these assets and liabilities.
The standalone net loss of (31.85) Lakhs in Q2 FY27, along with the contingent liability of 6,627.20 Lakhs from the Recovery Certificate, impacts the company's financial position and profitability. Non-current borrowings decreased from 293.28 Lakhs to zero.
Auditor's observations regarding the South West Port Limited investment and the sub judice Recovery Certificate for 6,627.20 Lakhs increase financial and legal risks for the company. Cash and cash equivalents significantly reduced from 109.56 Lakhs to 6.79 Lakhs.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, particularly the ongoing audit observations related to the Rs. 12.01 Crore investment and the 6,627.20 Lakhs legal liability.
🔍
Management Signal
Management is navigating complex financial reporting issues and significant legal challenges impacting its subsidiary.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — monitor revenue and profitability trends.
Updates on the South West Port Limited investment discrepancy resolution.
Outcome of legal proceedings regarding the 6,627.20 Lakhs Recovery Certificate.
HIGH RISK
Auditor's observations on investment value discrepancy and significant sub judice recovery proceedings indicate material risks.
💡 Investor Takeaway
Starlog Enterprises reported a Q2 FY27 standalone net loss after tax of (31.85) Lakhs on revenue of 107.65 Lakhs. Auditors flagged a Rs. 12.01 Crore investment discrepancy and ongoing legal proceedings for a 6,627.20 Lakhs recovery certificate against a subsidiary.
⚖️ Strengths & Concerns
✅ Positives
- Standalone net loss reduced to (31.85) Lakhs in Q2 FY27 from (181.18) Lakhs in Q2 FY26.
- Finance cost decreased significantly to 1.70 Lakhs in Q2 FY27 from 9.91 Lakhs in Q2 FY26.
⚠️ Concerns
- Revenue from Operations decreased to 107.65 Lakhs in Q2 FY27 from 187.27 Lakhs in Q2 FY26.
- Auditors highlighted a discrepancy in the reporting of Rs. 12.01 Crore investment in South West Port Limited's equity capital.
📅 Company Track Record
Starlog Enterprises reported a net loss for FY26. In May 2026, the company approved subsidiary funding of INR 5 Crore and INR 1.60 Crore. The current Q2 FY27 standalone net loss is (31.85) Lakhs, an improvement from Q2 FY26's (181.18) Lakhs loss.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Starlog Enterprises' standalone net profit/loss for Q2 FY27?
Starlog Enterprises reported a standalone net loss after tax of (31.85) Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was Starlog Enterprises' standalone revenue from operations in Q2 FY27?
The standalone revenue from operations for Starlog Enterprises in Q2 FY27 was 107.65 Lakhs.
What significant observation did the auditors make regarding Starlog Enterprises' investments?
Auditors noted a discrepancy where the company shows an investment of Rs. 12.01 Crore in South West Port Limited, while SWPL's financial statements show the company's shareholding as 10%.
Is Starlog Enterprises involved in any major legal proceedings?
Yes, Axis Bank Limited has obtained a Recovery Certificate from DRT for 6,627.20 Lakhs based on an undertaking furnished by Starlog Enterprises concerning its subsidiary, Kandla Container Terminal Private Limited, with the matter currently sub judice.
How did Starlog Enterprises' finance cost change in Q2 FY27 compared to Q2 FY26?
Starlog Enterprises' standalone finance cost decreased to 1.70 Lakhs in Q2 FY27 from 9.91 Lakhs in the comparable Q2 FY26.
Questions based on this BSE filing only. For information purposes.