FINANCIAL RESULT FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2025
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Salora International Ltd submitted its unaudited financial results for Q2 and H1 FY26 (ended 30 September 2025), approved by the Board on 13 November 2025. The statutory auditor O P Bagla & Co LLP issued a Limited Review Report with an un-modified (clean) opinion. The company operates in a single segment — Consumer Electronics — and reported a loss before tax of Rs. 6.67 lakhs for H1 FY26. Sales were adversely impacted during the period due to changes in GST rates, though the company expects improvement in coming quarters and is banking on an enhanced product portfolio and better operational efficiency to gradually absorb losses. A significant deferred tax asset of Rs. 2,243.80 lakhs is carried on the books. The pending SLP in the Supreme Court and writ petition in the Delhi High Court remain contingent liabilities.
The company continues to post losses with negative operating cash flows, but the clean audit opinion and management's expectation of recovery in coming quarters provide some comfort. Shareholders should watch for execution of the new product strategy and resolution of pending litigation, as these will be key drivers of any turnaround.