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 reported widened losses for Q2 FY26. Total income fell to ₹89.96 lakhs from ₹121.86 lakhs in the same quarter last year, a drop of about 26%. Revenue from operations declined to ₹88.62 lakhs versus ₹120.44 lakhs YoY. The company posted a loss after tax of ₹120.08 lakhs compared with ₹84.64 lakhs in Q2 FY25. For H1 FY26, total income came in at ₹200.15 lakhs against ₹218.39 lakhs, with a cumulative loss of ₹219.05 lakhs. Operating cash flow remained deeply negative at ₹421.02 lakhs used during the half year. The statutory auditor, Mohandas & Associates, issued an unmodified limited review report with no qualifications or emphasis of matter.
Continued revenue decline and wider losses, coupled with persistent cash burn, point to ongoing stress on the NBFC's earnings quality and may keep the stock under pressure despite no going-concern flag from auditors.