Outcome of Board Meeting held on May 15, 2025
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Awaiting price reaction for this filing.
The Board of Salem Erode Investments approved audited standalone financial results for Q4 and FY ended March 31, 2025. Revenue from operations fell to ₹385.28 lakh from ₹409.22 lakh last year, a decline of about 6%. Total expenses ballooned to ₹885.89 lakh from ₹591.05 lakh, driven by higher finance costs (₹235.79 lakh vs ₹160.18 lakh), employee expenses, and depreciation. The company reported a loss after tax of ₹471.93 lakh, sharply worse than ₹182.25 lakh loss in FY24. EPS turned to ₹(4.12) vs ₹(1.59). Operating cash flow turned negative at ₹(69.66) lakh vs ₹841.91 lakh last year. The statutory auditor issued an unqualified (unmodified) opinion. M/s. Saji Mathew & Associates was re-appointed as Internal Auditor for FY25-26.
This is a clearly negative filing for shareholders — widening losses, rising costs, declining revenue, and operating cash flow turning negative suggest the NBFC's core business is under pressure. The unqualified audit opinion is the only silver lining, but investors should expect continued weakness unless the company addresses its cost structure and asset quality.