Un-Audited Financials Results For The Quarter Ended on June 30, 2025
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Awaiting price reaction for this filing.
E-Land Apparel reported a sharp deterioration in Q1 FY26, with revenue from operations falling to about ₹270.75 lakhs versus ₹8,518.91 lakhs in the same quarter last year — a drop of roughly 97% year-on-year. The company slipped into a loss of ₹506.85 lakhs compared to a profit of ₹385.87 lakhs in Q1 FY25, with EPS turning negative at ₹(1.06). The auditor flagged a material uncertainty about the company's ability to continue as a going concern, noting that accumulated losses of over ₹53,276 lakhs have fully eroded net worth. The company also has an unfulfilled export delivery obligation of ₹1,189.06 lakhs to its Singapore-based holding company, E-Land Asia Holdings. Management stated that the holding company has confirmed financial support, allowing results to be prepared on a going concern basis.
This is a deeply negative filing for shareholders — collapsing revenue, a return to losses, and a going-concern warning from auditors. While the holding company's financial support prevents immediate insolvency, the fully eroded net worth and operational collapse make this a high-risk stock to hold.