Please find enclosed unaudited financial results for the quarter ended June 30, 2025.
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SAL Automotive Ltd reported its Q1 FY26 results with total income falling to Rs. 8,935 lakhs from Rs. 10,036 lakhs in the same quarter last year, a decline of about 11%. Income from operations dropped to Rs. 8,811 lakhs from Rs. 10,022 lakhs, and net profit after tax fell sharply to Rs. 86 lakhs from Rs. 148 lakhs, a 42% decline. The company operates in two segments: Automobile Components (tractor/LCV seats, mechanisms, frames) and Agriculture Implements (rotavators, trailers, tillers). The auditor Mangla Associates issued an unqualified limited review report with no qualifications. The company issued bonus shares in a 1:1 ratio on April 4, 2025, which roughly doubles the share count and affects EPS comparability — adjusted EPS shows the per-share decline is smaller than the headline numbers suggest.
Both revenue and profits shrank year-on-year, with margins under pressure as costs stayed nearly flat against lower sales. Existing shareholders now hold twice as many shares due to the bonus issue, but operating performance has weakened, which may weigh on the stock price in the near term.