Results-Financial Results for the quarter and Year ended March 31, 2025
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Salem Erode Investments, an NBFC, reported audited results for FY25 with total income of ₹390.77 lakh against ₹413.95 lakh in FY24, a decline of about 6%. Revenue from operations fell to ₹385.28 lakh from ₹409.22 lakh, while total expenses jumped sharply to ₹885.89 lakh from ₹591.05 lakh, driven by higher finance costs (₹235.79 lakh vs ₹160.18 lakh) and steep impairment on financial instruments (₹160.82 lakh vs ₹142.53 lakh). The company slipped into a much wider loss after tax of ₹471.93 lakh for FY25 versus ₹182.25 lakh in FY24, with basic EPS turning negative at ₹(1.33). On the balance sheet, the loan book expanded to ₹1,353.85 lakh from ₹839.82 lakh and total assets grew to ₹4,752.68 lakh, while debt securities rose to ₹1,824.15 lakh. Despite the accounting loss, operating cash flow was strongly positive at ₹1,547.44 lakh. The board also re-appointed M/s. Saji Mathew & Associates as internal auditor for FY26.
Sharply widened losses and negative EPS are negative for shareholders, signalling stress on profitability despite a growing loan book and strong cash generation. The stock may face pressure given the deterioration in earnings, though the healthy operating cash flow and expanding asset base provide some cushion.