Salora International reported a net loss of ₹99.31 lakh for the quarter ended June 30, 2026, reversing from a net profit of ₹4.31 lakh in the corresponding period of FY25. Revenue from operations fell sharply by 87.7% year-on-year to ₹338.44 lakh, down from ₹2,741.38 lakh in Q1FY25.

The significant decline in turnover was attributed to the suspension of the company’s GST registration in Delhi from March 27, 2026, to May 29, 2026. This regulatory disruption adversely impacted operations and sales volumes during the quarter.

Financial Performance

Total expenses for the quarter stood at ₹438.80 lakh, compared to total income of ₹339.49 lakh. Key expense components included:

• Purchases of stock in trade: ₹218.03 lakh
• Changes in inventories: ₹77.62 lakh
• Other expenses: ₹81.26 lakh
• Finance costs: ₹25.00 lakh

Employee benefits expense decreased to ₹30.10 lakh from ₹50.45 lakh in the previous year’s quarter. Depreciation and amortization remained stable at ₹4.70 lakh.

What the Numbers Show

Other income contributed only ₹1.05 lakh to total income, a stark contrast to the ₹159.59 lakh recorded in Q1FY25. This indicates that the current quarter’s results were driven almost entirely by core operational performance, which was severely constrained by the GST suspension, rather than non-operating gains.

Corporate Updates

The Board of Directors finalized the date for the 2025-26 Annual General Meeting (AGM) as September 25, 2026. The meeting will be held at 11:00 am at the company’s registered office in New Delhi.

Regarding legal proceedings, the Special Leave Petition (SLP) in the Supreme Court was admitted on merits on January 23, 2026, with the stay continuing. Court fees of ₹24.06 lakh were deposited in April 2026 and recognized as an expense in the current quarter.

Statutory auditors O P Bagla & Co LLP issued a limited review report with an unmodified opinion on the unaudited financial results.

Salora International Ltd has disclosed related party transactions for the half-year ended March 31, 2026, revealing sales of finished goods and payments to directors. The company submitted the details to BSE Ltd pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transactions were certified by statutory auditors UBS & Company to have been conducted in the ordinary course of business and at arm's length prices.

Transactions with Devi Electronics Private Limited

The primary related party transaction involved the sale of finished goods to Devi Electronics Private Limited. The company recorded sales amounting to ₹4.20 crore during the reporting period. Additionally, expenses of ₹0.20 lakh were paid on behalf of the party, and rent income of ₹0.63 lakh was recognized.

Director Remuneration and Loans

The disclosure outlined remuneration paid to the company's leadership. Managing Director Gopal Sitaram Jiwarajka received ₹21.87 lakh, while Director Ayush Jiwarajka was paid ₹12.61 lakh. Company Secretary Mohd. Khizar Ali Khan received remuneration of ₹1.40 lakh. Independent Directors Rajiv Bajaj, Paramartha Saikia, and Mrs. Rachna Lodha were each paid sitting fees of ₹0.40 lakh.

Financial Balances and Other Transactions

The filing also detailed the financial position regarding loans and dues. Gopal Sitaram Jiwarajka had an outstanding loan balance of ₹612.45 lakh as of the reporting period end, following a repayment of ₹2,089.57 lakh during the term. The company also reported rent income of ₹9.35 lakh due from Quick Load 247 Private Limited, an entity connected to a director's spouse. Interest paid to Gopal Sitaram Jiwarajka amounted to ₹23.22 lakh for the period.