Starcom Information Technology Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, reporting a total income of ₹33.30 lakhs and a net loss of ₹194.21 lakhs. The results were approved by the Board of Directors on February 13, 2026, following their scheduled meeting to review the quarterly performance.

Financial Performance Overview

The company's financial performance for Q3FY26 shows significant challenges with operational income declining compared to previous periods. The total income from operations stood at ₹33.30 lakhs, representing a substantial decrease from ₹47.92 lakhs in the previous quarter and ₹89.00 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company reported total income from operations of ₹109.79 lakhs compared to ₹214.84 lakhs in the corresponding period of the previous year. The net loss for the nine-month period reached ₹474.15 lakhs, significantly higher than the ₹319.91 lakhs loss reported in the previous year.

Segment-wise Revenue Breakdown

The company operates in two primary business segments with varying performance levels during the quarter.

Key Financial Challenges

The company faces several significant financial challenges as highlighted in the quarterly results. Outstanding statutory dues amount to ₹1,601.26 lakhs, including Sales Tax/Service Tax/GST dues of ₹243.68 lakhs, Provident Fund/ESIC/Professional Tax dues of ₹215.94 lakhs, and Tax Deducted at Source obligations of ₹1,141.64 lakhs. The company has provided for interest on these liabilities up to December 31, 2025.

Additionally, the company has unpaid rent obligations of ₹660.81 lakhs for office premises owned by promoter Mr. Ziaulla Sheriff, covering the period up to March 31, 2019. The management has not provided rent from April 1, 2019, to July 31, 2024, amounting to ₹607.15 lakhs.

Going Concern and Future Outlook

Despite reporting cash losses and fully eroded net worth, with current liabilities exceeding current assets, the company has prepared its financial statements on a going concern basis. The management is actively pursuing prospective investors to meet working capital requirements and remains optimistic about future profitability. The company continues to develop Business Intelligence and Data Quality Solutions software, with a carrying value of ₹2,431.02 lakhs as Intangible Assets under Development.