E-Land Apparel Limited reported a net loss of ₹892.91 Lakhs for the quarter ended June 30, 2026. This figure, coupled with accumulated losses, has significantly eroded the company’s net worth. While the financial results indicate a material uncertainty regarding the company’s ability to continue as a going concern, the statement has been prepared on this basis, with the holding company confirming financial support.
E-Land Apparel Reports Q1 FY27 Financials
E-Land Apparel Limited has announced its unaudited financial results for the quarter and period ended June 30, 2026. The company registered a net loss of ₹892.91 Lakhs for the quarter. This follows a loss of ₹646.31 Lakhs in the previous quarter and contributes to a cumulative loss for the period.
Erosion of Net Worth
A significant concern highlighted in the financial results is the erosion of the company’s net worth. The accumulated losses as of June 30, 2026, have surpassed the company’s paid-up capital and other equity. This situation, according to Note 2 of the financial results, indicates a material uncertainty that could cast significant doubt on the company’s ability to continue as a going concern.
Going Concern Assumption
Despite the challenges, the financial statement has been prepared on a going concern basis. This is supported by the holding company, which has confirmed its financial support to E-Land Apparel Limited. The company and its holding entity maintain a positive outlook for the garment industry.
Key Financial Figures (Quarter Ended June 30, 2026)
- Revenue from operations: ₹7,560.14 Lakhs
- Total Income: ₹7,809.95 Lakhs
- Total Expenses: ₹8,702.86 Lakhs
- Profit/(Loss) before tax: ₹(892.91) Lakhs
- Profit/(Loss) for the period: ₹(892.91) Lakhs
- Basic and Diluted Earnings per share: ₹(1.86)
The auditor’s review report from Singhi & Co. notes that while the statement is prepared in accordance with Indian Accounting Standards, the conditions described raise concerns about the company’s ability to continue as a going concern. However, the review concluded that, based on the information and assurances provided, the statement does not contain any material misstatement.
Source: BSE
