SEL Manufacturing Company reported a standalone net loss of ₹41.86 crore for the quarter ended March 2026, compared to a net loss of ₹40.05 crore in the corresponding quarter of the previous year. According to reports from Business Standard, the company's sales declined 18.31% to ₹2.32 crore in Q4 FY2026, down from ₹2.84 crore in Q4 FY2025. The operational profit margin remained negative at -70.26% for the quarter.
For the full financial year ended March 2026, SEL Manufacturing reported a net loss of ₹167.87 crore, significantly higher than the net loss of ₹130.72 crore recorded in the previous year ended March 2025. As reported by Business Standard, annual sales declined sharply by 53.06% to ₹15.43 crore in FY2026, compared to ₹32.87 crore in FY2025. The company's operational profit margin for the full year stood at -34.41%.
The statutory auditors, Kamboj Malhotra & Associates, issued a qualified opinion on the financial results due to the company's failure to conduct an impairment assessment of assets as required under Ind AS 36, citing financial constraints. The auditors stated that the financial impact of this matter cannot be measured reliably and emphasized significant doubts about the company's ability to continue as a going concern. The company has defaulted on quarterly installments amounting to ₹30,872 lakh and unpaid interest and charges totaling ₹19,343 lakh for the period from July 2023 to March 2026. Current liabilities exceeded current assets, resulting in a negative net worth of ₹39,957.98 lakh as of March 31, 2026.
The company's profit before tax (PBT) for Q4 FY2026 was ₹44.22 crore, marginally higher than ₹43.66 crore in the corresponding quarter of the previous year. According to Business Standard, PBDT (Profit Before Depreciation and Tax) for the quarter was ₹23.45 crore, compared to ₹20.46 crore in Q4 FY2025. For the full year, PBT stood at ₹173.43 crore versus ₹172.97 crore in the previous year, while PBDT was ₹85.56 crore compared to ₹79.23 crore in FY2025. Finance costs surged to ₹8,045.87 lakh for the full year, while depreciation and amortization expenses stood at ₹8,786.68 lakh.
