E-Land Apparel has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a net loss of ₹1,087.21 lakh for the quarter, contributing to a cumulative loss that has eroded its net worth. Despite these financial challenges, the company and its holding entity maintain a positive outlook, with the statement prepared on a going concern basis, supported by a financial comfort letter.
E-Land Apparel Reports Q2 FY27 Financials
E-Land Apparel Limited has disclosed its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s performance indicates a significant net loss for the period, with ₹1,087.21 lakh reported as a loss before other comprehensive income for the quarter.
Financial Performance Highlights
The total income for the quarter ended September 30, 2026, stood at ₹6,364.83 lakh. However, total expenses amounted to ₹8,702.86 lakh, resulting in a profit/(loss) before tax of (₹1,026.47 lakh). After accounting for exceptional items and tax expenses, the net loss for the quarter was reported at (₹1,087.21 lakh). For the half-year ended September 30, 2026, the total income was ₹14,174.78 lakh, with total expenses at ₹16,094.17 lakh, leading to a loss before tax of (₹1,980.12 lakh). The net loss for the half-year was (₹1,980.12 lakh).
Going Concern Assessment
A significant point highlighted in the review report by Singhi & Co. is the erosion of the company’s net worth due to accumulated losses. Note 2 of the financial results indicates that the losses incurred for the quarter ended September 30, 2026, and the prior quarter have significantly impacted the equity. However, the company’s management, in conjunction with its holding company, has assessed the situation and provided a financial comfort letter. This has led to the preparation of the financial statement on a going concern basis for FY 2026-27, reflecting a positive outlook for the garment industry.
Balance Sheet Overview
As of September 30, 2026, the company’s total assets stood at ₹29,352.22 lakh. Equity share capital remained at ₹4,799.05 lakh, but other equity showed a negative balance of (₹60,008.13 lakh), resulting in a total equity deficit of (₹55,209.09 lakh). Liabilities on the same date comprised non-current liabilities of ₹66,331.35 lakh and current liabilities of ₹18,229.96 lakh.
Source: BSE
