Starteck Finance Approves Q2 Results; Extends Fund Raising Limit Up To Rs 1,500 Crores
Starteck Finance Limited announced that its Board of Directors had approved the unaudited financial results for the quarter ended June 30, 2026. The board meeting, held on August 11, 2026, also granted a significant enabling resolution allowing the company to raise funds up to an overall limit of Rs 1,500 Crores through various methods.The Board confirmed the unaudited results (Standalone and Consolidated) for the quarter ending June 30, 2026, which were subjected to a limited review by Statutory Auditors. The company also approved enabling resolutions allowing it to raise funds across multiple instruments, including QIP, FPO, ADR, GDR, rights issue, debt issue, preferential issue, and FCCB.
This enabling resolution includes provisions for raising Non-Convertible Debt of up to Rs 1,000 Crores through private placement in one or more tranches, and Equity shares or any other securities convertible into equity shares of up to Rs 500 Crores, subject to shareholder approval.
Financial Performance Highlights
The unaudited financial results for the quarter ended June 30, 2026, revealed key performance indicators across both Consolidated and Standalone operations.Key figures from the Consolidated Results for the Quarter Ended June 30, 2026 (in lakh):
| Metric | Value (lakh) |
|---|---|
| Net Revenue from Operations | 722.41 |
| Total Operating Expenses | 575.56 |
| Profit Before Tax (PBT) | 410.89 |
| Tax Expense (Current + Deferred) | 23:61 |
| Profit After Tax (PAT) | 354.36 |
Meanwhile, the Standalone financial results for the quarter ended June 30, 2026 showed a Net Revenue from Operations of 946.90 lakh, with a Profit After Tax figure of 1,715.60 lakh.
The unaudited performance data is detailed below:
| Particulars | Consolidated (Q Ended Jun 30, 2026) | Standalone (Q Ended Jun 30, 2026) |
|---|---|---|
| Net Revenue from Operations | 722.41 lakh | 946.90 lakh |
| Total Operating Expenses | 575.56 lakh | 821.13 lakh |
| Profit Before Tax (PBT) | 410.89 lakh | 2,692.91 lakh |
| Profit After Tax (PAT) | 354.36 lakh | 1,715.60 lakh |
Fund Raising Capability
The approved resolution grants Starteck Finance the ability to raise funds up to Rs 1,500 Crores in total, spanning various financial avenues including debt and equity issuance. The specific breakdown includes:- Debt Financing: Up to Rs 1,000 Crores through Non-Convertible Debt via private placement across multiple tranches.
- Equity Raising: Up to Rs 500 Crores through Equity shares or convertible securities in one or more tranches, subject to shareholder approval.
STARTECK Stock Price Movement
Starteck Finance Limited shares gained 1.86% on Tuesday, settling at ₹259.80 following a solid session for the equity. The stock saw trading activity involving 7,161 shares after ranging between a low of ₹255.50 and a high of ₹261.20.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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