Starlineps Enterprise Ltd Standalone Net Profit in H1FY25 up 298 Percent Y-o-Y to Rs 6.10 crore

The company recently incorporated a wholly owned subsidiary, ‘Starlineps International Private Limited’, to carry on the Business of Goldsmiths, Silversmiths, Jewellers, Gem merchants, makers, hires, dealers, stockiest, agents, importers and exporters of bullion, diamond, pearls and precious stones, jewels, precious or semi-precious metals, ornaments and jewellery.

Standalone Financial Highlights

(Rs. Crore except EPS)

The company recently announced bonus issue of 1:5 i.e. 1 (One) Bonus Equity Share of the Face Value of Rs. 1 each fully paid up for every 5 (Five) existing Equity Shares of Face Value of Rs. 1 each fully paid up. The company also approved a stock split from Rs. 5 to Re 1 per share, subject to shareholder approval via postal ballot and other necessary clearances (Ratio 5:1).

Established in 2011, Starlineps Enterprises Ltd is a Surat-based wholesale and retail trader of diamonds and jewellery. The company sources its products domestically and distributes them to manufacturers, wholesalers and retailers primarily in Gujarat. Their product range includes precious stones and jewellery & they offer trading services for various precious metals, stones and ornaments. The company has a market cap of Rs 391 crore.

With a vision to diversify and enter new market, the company strategically invested Rs 24 lakh in Fusion Klassroom Edutech Private Limited, an EdTech platform offering a comprehensive solution combining online and offline learning. Additionally, the company has made a strategic investment of Rs 25 lakh in CUR8, a GenAI-powered revenue tech platform, acquiring up to a 100-basis point equity stake. This investment positions Starlineps in the high-growth technology sector and grants access to cutting-edge GenAI capabilities.

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