AUDITED FINANCIAL STATEMENT FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Salora International Ltd reported a net loss of Rs. 407.46 lakhs for FY 2025-26, significantly worse than the loss of Rs. 132.61 lakhs in the previous year. Revenue from operations dropped sharply to Rs. 6,327.28 lakhs from Rs. 15,090.30 lakhs in FY 2024-25, representing a revenue decline of approximately 58%. The company recorded an exceptional item of Rs. 237.77 lakhs due to lapse of deferred tax assets on unabsorbed business losses. Despite the losses, operating cash flow turned positive at Rs. 481.26 lakhs compared to negative Rs. 471.32 lakhs in the prior year. Short-term borrowings were reduced from Rs. 2,192.24 lakhs to Rs. 1,870.30 lakhs. The statutory auditors issued an unmodified (clean) audit opinion. Related party transactions included loans from Managing Director Gopal Sitaram Jiwarajka (Rs. 1,821.06 lakhs taken, Rs. 2,089.57 lakhs repaid) and interest payments of Rs. 23.22 lakhs.
The sharp revenue decline and widening losses signal severe business challenges. However, the clean audit opinion and positive operating cash flow provide some comfort. Shareholders should monitor if the company's new product strategy can reverse the decline.