Interest and tax turned SALONA’s operating profit into a net loss
A Rs 4.63 cr interest bill and 279.27% tax rate left Q4FY26 EPS at Rs -5.18.
Filed 17 Sep 2026, 16:37 IST · after market close · SALONA (SALONA)
Key takeaways
- Standalone operating profit of Rs 8.08 cr was eroded by Rs 4.63 cr of interest and Rs 2.13 cr of tax, leaving a net loss of Rs 1.37 cr.
- The 279.27% tax rate exceeded reported pre-tax profit and pushed earnings below the operating result.
- Revenue of Rs 110.46 cr produced EPS of Rs -5.18 despite a 7.32% operating margin.
Operating profit did not reach shareholders
SALONA’s standalone Q4FY26 operating profit was Rs 8.08 cr, but profit before tax fell to Rs 0.76 cr after interest and depreciation. The company therefore reported a net loss of Rs 1.37 cr, with EPS at Rs -5.18.
Interest and tax were the main earnings drag
Interest expense of Rs 4.63 cr took a substantial portion of operating profit before depreciation was considered. The Rs 2.13 cr tax charge was larger than pre-tax profit, resulting in a 279.27% tax rate and worsening the reported loss. Other income was only Rs 0.24 cr, so it provided little support to earnings.
Filed after market close
The standalone results were filed after market close on 17 September 2026. This release therefore has no immediate post-results stock reaction to assess.
Q4FY26 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹110 cr |
| Other income | ₹0 cr |
| Expenses | ₹102 cr |
| Operating profit | ₹8 cr |
| Operating margin (%) | 7.32% |
| Interest | ₹5 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹2 cr |
| Net profit | ₹-1 cr |
| EPS (₹) | ₹-5.18 |
What to watch
- Whether operating margin moves above or below 7.32%.
- Whether interest expense remains near Rs 4.63 cr against operating profit of Rs 8.08 cr.
- The next reported tax rate compared with 279.27%.