Salona Cotspin Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SALONA · price
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Salona Cotspin Limited reported audited financial results for FY2026. Total revenue declined to Rs 59,381.62 lakh from Rs 66,215.64 lakh in the previous year, representing a revenue decline of approximately 10.3%. Net profit after tax fell significantly to Rs 156.14 lakh from Rs 313.31 lakh in FY2025, indicating a profit decline of about 50%. The Q4 FY26 quarter showed a net loss of Rs 136.53 lakh. The company recommended a dividend of Rs 0.60 per share (6% on face value of Rs 10). The statutory auditors issued an unmodified (unqualified) opinion on the financial results. The company also reappointed Mr. B. Venkateswar as Cost Auditor for FY2026-27.
The significant decline in both revenue and profitability is a concern for shareholders. The stock may face negative sentiment due to the approximately 50% drop in net profit, though the auditors' clean opinion and the modest dividend provide some stability.