How significant is the ₹75 lakh revenue figure?

It is the first revenue the company has booked in years, compared to nil in the same period last year. For a company that has been in insolvency since 2019, it represents a return to some form of operations.

Why is the company still in financial trouble if it made a profit?

The ₹44.72 lakh profit was for one quarter. The full-year consolidated result was a loss of ₹73.71 lakhs. The company also received a qualified audit opinion on going concern, meaning its auditors have doubt about its ability to continue as a business.

What drove the profit in Q4?

The filing does not break down the sources of the ₹44.72 lakh standalone profit. It only states the top-line revenue of ₹75 lakhs and the bottom-line profit, with no detail on cost structure or business line.

What happened to the board?

Independent director Rajnikant Patel resigned. The company appointed Ayushi Singh Bais as a new independent director and also reconstuted its board committees and changed its internal auditors.

Earnings · IT - Software · Micro cap

Melstar posts ₹75 lakh in revenue after years of zero sales

The company under insolvency since 2019 has its first quarter of operations. A qualified audit opinion and a full-year loss of ₹73.71 lakh keep the going-concern question alive.

— 1 earlier story on Melstar Information Technologies Ltd. →

MELSTAR By Tipsheet Editorial 25 May 2026 · 6:39 PM IST Verify on BSE · NSE

Mkt cap₹7 cr

P/E0.64×

Debt / eq.0.47

₹75 lakhs Standalone revenue for Q4 FY2026, after nil in the prior year.

What's new

Melstar recorded standalone revenue of ₹75 lakhs in Q4 FY2026, its first sales in years, with a net profit of ₹44.72 lakhs.
The company reported a full-year consolidated loss of ₹73.71 lakhs despite the Q4 profit.
Board reshuffle: independent director Rajnikant Patel resigned; Ayushi Singh Bais was appointed.

Why this matters

The revenue is a real change from the zero it reported for years. But the audit opinion flags doubt about the company's ability to keep operating. The profit is a single-quarter result against a full-year loss.

What we're watching

Whether the Q4 revenue translates into sustainable operations post-insolvency.
The next steps in the insolvency process now that the company has booked sales.
How the new board composition influences the company's future direction.

The full read

Melstar Information Technologies has revenue again. For the quarter ended March 31, 2026, the company reported standalone revenue of ₹75 lakhs and a net profit of ₹44.72 lakhs. In the year-ago quarter, it had zero revenue and a ₹62.63 lakh loss. The company has been under insolvency proceedings since 2019. The Q4 profit is a real move away from the zero-revenue baseline. But the full-year consolidated picture is a loss of ₹73.71 lakhs, and the auditors issued a qualified opinion on going concern. The board also changed: independent director Rajnikant Patel resigned, and Ayushi Singh Bais was appointed. The revenue is a start. The going-concern qualification means the end is not yet clear.

Questions answered

How significant is the ₹75 lakh revenue figure?: It is the first revenue the company has booked in years, compared to nil in the same period last year. For a company that has been in insolvency since 2019, it represents a return to some form of operations.
Why is the company still in financial trouble if it made a profit?: The ₹44.72 lakh profit was for one quarter. The full-year consolidated result was a loss of ₹73.71 lakhs. The company also received a qualified audit opinion on going concern, meaning its auditors have doubt about its ability to continue as a business.
What drove the profit in Q4?: The filing does not break down the sources of the ₹44.72 lakh standalone profit. It only states the top-line revenue of ₹75 lakhs and the bottom-line profit, with no detail on cost structure or business line.
What happened to the board?: Independent director Rajnikant Patel resigned. The company appointed Ayushi Singh Bais as a new independent director and also reconstuted its board committees and changed its internal auditors.

Mentioned: Melstar Information Technologies · Rajnikant Patel · Ayushi Singh Bais

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on MELSTAR →

25 May 2026 · 6:39 PM IST Melstar posts ₹75 lakh in revenue after years of zero sales
42d ago Melstar files Q4 results. Nothing changes: ₹75 lakh revenue, insolvency since 2019.