Salora International revenue collapses 60% as losses mount
Annual revenue dropped to ₹61.07 crore from ₹150.90 crore, while a tax asset write-off deepened the firm's annual loss to ₹4.07 crore.
What's new
- Annual revenue fell nearly 60% to ₹61.07 crore.
- The company wrote off ₹2.37 crore in deferred tax assets that were set to lapse.
- Net loss for the year reached ₹4.07 crore, with a ₹2.86 crore loss in the final quarter.
Why this matters
The numbers confirm a business in severe distress. With a market capitalization of only ₹27 crore, the combination of a collapsing top line, tax write-offs, and existing regulatory issues like GST suspension leaves little room for error.
What we're watching
- Updates on the status of the company's GST registration.
- Any resolution regarding the reported bank account attachments.
- Whether the company can stabilize operations to avoid further asset impairments.
The full read
Salora International is in a state of severe contraction. For the fiscal year ending March 31, 2026, the company reported revenue of ₹61.07 crore, a sharp drop from the ₹150.90 crore recorded in the previous year. This revenue collapse resulted in an annual net loss of ₹4.07 crore, which was further impacted by an exceptional charge of ₹2.37 crore to write off deferred tax assets. Management admitted these assets were set to lapse because the firm lacks the profitability to use them. These audited figures arrive alongside existing disclosures of bank account attachments and a suspended GST registration. For a company with a market capitalization of just ₹27 crore, these results are a stark indicator of operational distress. The path to recovery is unclear.
Questions answered
- Why did the company write off ₹2.37 crore in deferred tax assets?
- Management determined these assets would likely lapse because the company cannot generate sufficient future profits to utilize them.
- How does the FY26 revenue compare to the previous year?
- Annual revenue fell to ₹61.07 crore from ₹150.90 crore in the prior year, representing a decline of nearly 60%.
- What is the current financial health of the firm?
- The company reported an annual net loss of ₹4.07 crore and faces broader operational challenges, including a suspended GST registration and bank account attachments.
- What was the quarterly performance?
- The company recorded a net loss of ₹2.86 crore on revenue of ₹11.11 crore for the final quarter.