Board Meeting Outcome for Outcome Of Board Meeting held on 27th May, 2026 at the registered office of the Company
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Euro Leder Fashion Ltd reported FY2025-26 results with total income of ₹2,970.14 lakhs, up 46.7% from ₹2,024.73 lakhs in FY2024-25. However, net profit declined sharply to ₹1.79 lakhs from ₹19.44 lakhs in the prior year - a drop of about 91%. EPS fell from ₹0.50 to ₹0.05. The board attributed this primarily to a ₹78.94 lakh additional gratuity and leave liability recognition due to new labour code implementation. Operating cash flow remained positive at ₹205.58 lakhs though down from ₹444.69 lakhs previously. The meeting also approved reappointment of Managing Director RM Lakshmanan for 5 years and Independent Director Ravindran Varadarajan for a second term, along with appointment of new internal auditor K. Anand. Auditors issued an unmodified opinion.
Despite strong revenue growth, the 91% profit decline and significantly compressed EPS signal serious profitability concerns for shareholders. The large one-time employee liability charge due to labour code changes is a non-recurring item that may partially recover in future years. The company remains cash-flow positive, but the gap between revenue growth and bottom-line performance needs monitoring.