Starlog Enterprises Limited , a prominent player in the logistics sector, has reported its financial results for the second quarter of fiscal year 2025, revealing a challenging period for the company. The unaudited financial statements, approved by the Board of Directors on November 4, 2025, highlight a significant downturn in both standalone and consolidated performance.

Standalone Performance

On a standalone basis, Starlog Enterprises posted a loss after tax of Rs 104.57 lakhs for the quarter ended September 30, 2025, a stark contrast to the profit of Rs 72.04 lakhs recorded in the same quarter of the previous year. The company's revenue from operations saw a substantial decline, dropping to Rs 47.27 lakhs from Rs 127.53 lakhs year-over-year.

Consolidated Results

The consolidated financial picture painted an even more challenging scenario. The company reported a consolidated loss of Rs 344.86 lakhs for the quarter, compared to a loss of Rs 214.47 lakhs in the corresponding quarter of the previous year. This represents a 60.8% increase in losses on a year-over-year basis.

Financial Highlights

Factors Affecting Performance

The company attributed the exceptional loss in the current quarter to sundry balances and lapsed MAT credit written off. This write-off appears to have significantly impacted the financial results, contributing to the widened losses.

Capital Raising Initiative

In a move to strengthen its financial position, Starlog Enterprises had previously issued 30,00,000 equity shares at Rs 50 per share on a preferential basis, successfully raising Rs 1,500 lakhs. This capital infusion, completed in the previous quarter, is expected to provide the company with additional resources to navigate the current challenging environment.

Looking Ahead

As Starlog Enterprises grapples with the current financial setbacks, investors and market watchers will be keenly observing the company's strategies to address the declining revenues and mounting losses. The effectiveness of utilizing the recently raised capital and any operational improvements will be crucial factors in the company's performance in the coming quarters.

The logistics sector, in which Starlog Enterprises operates, continues to be a vital component of the Indian economy. The company's ability to adapt to market conditions may play a significant role in its future financial health.

Stakeholders will likely look forward to more detailed insights from the management on the company's plans to address the current challenges and return to profitability in the upcoming quarters.

Starlog Enterprises Limited has taken a significant financial step to bolster its liquidity position. The company's board of directors has approved obtaining an unsecured loan of up to Rs. 15.00 crore from its wholly-owned subsidiary, Starport Logistics Limited.

Loan Details

• Maximum Amount: Rs. 15.00 crore
• Lender: Starport Logistics Limited (wholly-owned subsidiary)
• Nature of Loan: Unsecured
• Disbursement: Can be availed in one or more tranches

Board Meeting Highlights

• Date: August 26, 2025
• Time: 4:08 PM to 4:20 PM IST
• Key Decision: Approval to avail the unsecured loan facility

Strategic Implications

The decision to secure this loan facility from its subsidiary demonstrates Starlog Enterprises' proactive approach to managing its financial resources. By arranging this credit line, the company has ensured access to funds that can be utilized as and when required, providing financial flexibility in its operations.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Starlog Enterprises promptly disclosed this material development to the BSE Limited.

Management Statement

Edwina Dsouza, Whole-time Director of Starlog Enterprises Limited, signed off on the regulatory filing, underlining the board's approval of this financial arrangement.

This strategic move by Starlog Enterprises to secure a flexible loan facility from its subsidiary could potentially support the company's operational needs and growth initiatives.