Standalone Financial results for the quarter and financial year ended March 31, 2026
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Salem Erode Investments Limited, an NBFC, reported a sharp decline in financial performance for FY 2025-26. Total income dropped to ₹356.67 lakh from ₹885.89 lakh in the prior year — a revenue decline of approximately 60%. The company posted a loss before tax of ₹496.19 lakh compared to a profit before tax of ₹328.04 lakh in FY 2024-25. After accounting for a deferred tax credit of ₹11.53 lakh, net loss stood at ₹484.66 lakh, a significant deterioration from the prior year's net profit of ₹157.97 lakh. The statutory auditor, Mohandas & Associates, issued an unmodified (clean) opinion. The Board also re-appointed internal and secretarial auditors. The company confirmed full asset cover on its secured unlisted redeemable non-convertible debentures.
The company swung from profit to a large net loss, driven by a steep drop in revenue and high finance costs. While the auditor gave a clean opinion, the sharp revenue contraction and substantial net loss are negative signals for shareholders and may weigh on the stock.