Starteck Finance borrowings fall by Rs 92.48 crore in H1

Starteck Finance Limited reduced consolidated borrowings by Rs 92.48 crore to Rs 258.50 crore at 30 September 2026, while investments fell by Rs 141.62 crore and loans increased by Rs 37.45 crore from 31 March 2026. The six-month cash-flow statement recorded Rs 126.94 crore of net cash from investing activities, including Rs 141.62 crore of proceeds from selling investments and assets.

How did Starteck Finance’s balance sheet change?

Starteck Finance reduced consolidated total assets by Rs 102.06 crore during the six months ended 30 September 2026, to Rs 573.17 crore from Rs 675.23 crore at 31 March 2026. Investments accounted for the largest movement, declining to Rs 181.13 crore from Rs 322.76 crore, while loans rose to Rs 265.79 crore from Rs 228.33 crore.

Consolidated borrowings decreased to Rs 258.50 crore from Rs 350.98 crore over the same period. Other financial liabilities declined by Rs 7.63 crore to Rs 22.51 crore, but trade payables owed to creditors other than micro and small enterprises increased to Rs 6.10 crore from Rs 0.16 crore. The asset reduction was therefore accompanied by lower borrowings rather than by an increase in total liabilities.

The standalone balance sheet showed similar movements at 30 September 2026. Standalone loans rose by Rs 37.39 crore to Rs 383.18 crore, investments fell by Rs 141.62 crore to Rs 129.51 crore, and borrowings dropped by Rs 92.48 crore to Rs 258.24 crore. The filing therefore shows that the principal loan, investment and borrowing movements were reflected substantially in the parent-company accounts as well as in consolidated accounts.

What generated Starteck Finance’s investing cash inflow?

Starteck Finance reported Rs 126.94 crore of consolidated net cash from investing activities for the period ended 30 September 2026, compared with Rs 122.95 crore of net cash used in investing activities in the year ended 31 March 2026. The six-month inflow included Rs 141.62 crore of proceeds from sale of investments and assets, against Rs 12.10 crore in the preceding financial year.

The company recorded Rs 14.21 crore of investment purchases and Rs 1 crore used for fixed deposits, or FDR, during the six-month period. The difference between sale proceeds and these investment-related uses was reflected in the lower consolidated investment balance of Rs 181.13 crore at 30 September 2026.

Financing activities used Rs 131.54 crore in the six months ended 30 September 2026, compared with Rs 90.49 crore generated during the year ended 31 March 2026. The period’s financing outflows included Rs 92.48 crore under borrowings, Rs 39.00 crore under loans given or repaid, and Rs 6.61 lakh of dividend payments. The cash-flow statement does not identify the investments or assets sold, or the counterparties to those transactions.

How did Starteck Finance’s loan book and income move?

Starteck Finance’s consolidated loan balance increased 16.4% to Rs 265.79 crore at 30 September 2026 from Rs 228.33 crore at 31 March 2026. Consolidated interest income for the half year was Rs 19.57 crore, up Rs 4.42 crore from Rs 15.15 crore in the half year ended 30 September 2025.

Consolidated revenue from operations rose to Rs 21.56 crore for the half year ended 30 September 2026, compared with Rs 17.27 crore a year earlier. Fees and commission income was Rs 1.47 crore, down from Rs 1.53 crore, while dividend income was Rs 0.53 crore, compared with Rs 0.59 crore in the corresponding 2025 period. Interest income supplied most of the year-on-year increase in operating revenue.

Consolidated profit after tax increased to Rs 11.92 crore from Rs 10.90 crore in the prior-year half year. Finance cost was broadly unchanged at Rs 11.09 crore versus Rs 11.03 crore, while provisions, contingencies and bad-debt write-offs increased to Rs 1.55 crore from Rs 0.14 crore. Other expenses also rose to Rs 7.10 crore from Rs 1.84 crore. Starteck Finance states that it operates in a single activity and therefore has no reportable operating segments under Indian Accounting Standard 108.

What happened to Starteck Finance’s equity and comprehensive income?

Starteck Finance’s consolidated other equity declined by Rs 4.19 crore to Rs 248.85 crore at 30 September 2026, while equity share capital remained Rs 9.91 crore. The decline occurred despite the Rs 11.92 crore half-year profit after tax because the company reported Rs 16.05 crore of other comprehensive loss, producing a total comprehensive loss of Rs 4.12 crore.

The other comprehensive loss included a Rs 20.28 crore fair-value loss on investments held through other comprehensive income, partly offset by a Rs 4.24 crore related income-tax effect. In the half year ended 30 September 2025, other comprehensive income was Rs 9.07 crore and total comprehensive income was Rs 19.98 crore. The comparative figures show that the valuation outcome changed from a gain in the earlier period to a loss in the latest half year.

Other balance-sheet items also changed over the six months. Consolidated provisions rose by Rs 1.70 crore to Rs 6.85 crore, current tax liabilities increased to Rs 1.38 crore from Rs 0.72 crore, and deferred tax liabilities decreased to Rs 6.48 crore from Rs 10.76 crore. Current tax assets fell to Rs 1.48 lakh from Rs 1.26 crore. The filing does not specify the individual instruments behind the fair-value movement.

Conclusion

Starteck Finance reshaped its consolidated funding and asset mix in the six months to 30 September 2026. It reduced borrowings by Rs 92.48 crore, lowered investments by Rs 141.62 crore and increased loans by Rs 37.45 crore. Investment and asset sale proceeds of Rs 141.62 crore supported a Rs 126.94 crore investing cash inflow, while total assets fell to Rs 573.17 crore.

The filing does not disclose a future lending, investment or borrowing target, or identify the assets and investments sold. The next financial-results update will show whether the Rs 265.79 crore loan balance continues to grow, whether borrowings remain below the Rs 258.50 crore level and how future investment valuations affect other comprehensive income. The board approved the unaudited results on 13 November 2026, subject to limited review.