Considered and approved the unaudited standalone financial results of the company for the quarter and half year ended September 30, 2025
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Awaiting price reaction for this filing.
Salem Erode Investments, a non-banking finance company, reported continued losses in Q2 FY26. Revenue from operations fell sharply to ₹88.62 lakhs from ₹120.44 lakhs in Q2 FY25, a year-on-year decline of about 26%. Total income for the quarter stood at ₹89.96 lakhs versus ₹121.86 lakhs a year ago. The company posted a loss after tax of ₹119.62 lakhs in Q2 FY26, widening from ₹84.64 lakhs in Q2 FY25, with EPS at ₹(1.04). For the half year ended September 2025, the loss after tax was ₹219.05 lakhs against ₹214.98 lakhs in H1 FY25. Operating cash flow remained negative at ₹(421.02) lakhs for H1 FY26. The statutory auditor Mohandas & Associates issued an unmodified (clean) limited review report on the results.
Persistent losses, declining top-line, and negative operating cash flow signal ongoing financial stress for shareholders. The clean auditor opinion is a small positive, but the worsening quarterly performance may weigh on the stock and reflects the company's struggle to achieve profitability in its financing business.