THE BOARD CONSIDERED AND APPROVED STANDALONE FINANCIAL RESULTS FOR QUARTER AND FINANCIAL YEAR ENDING ON 31/03/2025
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E-Land Apparel's Board approved audited results for FY25, reporting a strong turnaround. Revenue from operations rose to ₹30,039.21 lakhs from ₹21,539.37 lakhs in FY24, a growth of around 39%. The company swung from a loss of ₹3,982.51 lakhs in FY24 to a profit after tax of ₹1,366.39 lakhs in FY25, with Q4 FY25 standalone PAT at ₹700.81 lakhs. Total income reached ₹31,034.05 lakhs, and finance costs dropped sharply to ₹1,185.45 lakhs from ₹5,391.99 lakhs. The statutory auditor (Singhi & Co.) gave an unmodified opinion, but flagged that the company did not meet its export supply obligations to its Singapore-based holding company and is revising the agreement. The Board also appointed DSM & Associates as Secretarial Auditor, MK Bagrecha & Associates as Internal Auditor, and Mrs. Maggie Thomas Kajjer as an Additional Non-Executive Independent Director.
A clear profit turnaround with ~39% revenue growth signals improving business performance, though shareholders should note that accumulated losses (other equity at -₹53,276.93 lakhs) continue to wipe out paid-up capital, with continued dependence on holding company support for going concern. The director and auditor appointments are routine governance matters.