Starlog Enterprises Reports ₹214.35 Crore Loss in Q1
Starlog Enterprises, a logistics and port infrastructure services provider, reported a net loss of ₹214.35 crore in Q1, contrasting with a profit of ₹18.83 crore in the same quarter last year. Revenue increased by 16.9% to ₹302.24 crore, but total expenditure surged to ₹537.88 crore from ₹267.65 crore. The company raised ₹15 crore through a preferential share issue. Auditors highlighted discrepancies in shareholding reports and ongoing legal matters. Management is focusing on expense optimization and improving profitability.