Ecoboard Industries Ltd (523732)
Snapshot
The board meets on 14 Nov 2026 to consider the Q2 FY27 results.
Events
- Next results
- 14 Nov 2026 (Q2 FY27)
- Latest results
- Q1 FY27, filed 11 Aug 2026
- Board meeting filing
- 10 Aug 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
📅 Next results: 14 Nov 2026 (board meeting)Ecoboard Industries Ltd's board meets on 14 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Ecoboard Industries' revenue was ₹11.2 Cr (+583.2% year on year, +42.0% on the previous quarter), and net profit ₹-3.6 Cr (a bigger loss than a year earlier); the operating margin was -26.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹11.2 | +583.2% | +42.0% |
| Operating profit | ₹-2.9 | loss widened | loss narrowed |
| Net profit | ₹-3.6 | loss widened | loss widened |
| EPS (₹) | -1.38 | loss narrowed | loss widened |
| Operating margin | -26.2% | — | — |
📢 Recent Corporate Announcements
Ecoboard Industries has approved the temporary suspension of manufacturing operations at its Particle Board Build Division ('Eco Build') for one year, effective October 28, 2026. This division contributed Rs 15.33 Cr, or 64.14% of FY26 total revenue, and had a net worth of Rs 9.14 Cr. The decision follows raw material shortages, high operating losses, and non-viability without heavy refurbishment capex. Concurrently, Mr. Rama Krishna Raju Gottumukkala stepped down as CEO (retaining MD role), and Mr. Venkatraman Krishnamurthi was appointed as the new CEO to pivot resources toward the Eco Energy division.
- Eco Build division operations suspended for 1 year, impacting 64.14% of FY26 revenue (Rs 15.33 Cr)
- Eco Build division had an allocated net worth of Rs 9.14 Cr as of FY26
- Mr. Venkatraman Krishnamurthi appointed as new CEO effective October 28, 2026
- Former CEO Mr. Rama Krishna Raju Gottumukkala stepped down but remains Managing Director
- Company pivoting capital and managerial resources to effluent treatment and CBG projects under Eco Energy
Ecoboard Industries has approved the allotment of 59,41,500 equity shares following the conversion of warrants by non-promoter holders. The company received ₹13.37 crore as the balance 75% payment at ₹22.50 per warrant (total issue price ₹30 per share). Following the conversion, paid-up share capital increased from 2.64 crore to 3.23 crore shares, resulting in a ~22.5% equity dilution. The capital inflow provides meaningful liquidity against its TTM revenue of ₹33 crore.
- Allotment of 59,41,500 equity shares of ₹10 face value at an issue price of ₹30 each (including ₹20 premium).
- Company received ₹13,36,83,750 as the remaining 75% subscription money at ₹22.50 per warrant.
- Paid-up equity shares expanded from 2,64,06,740 to 3,23,48,240 shares (dilution of ~22.5%).
- Out of 59,48,000 total warrants originally issued, 6,500 warrants lapsed unexercised.
Ecoboard Industries Limited has secured a domestic order worth INR 11.00 Crores from Sudhishiram Renewable Energy Enterprise Private Limited. The contract encompasses the design, procurement, manufacturing, supply, erection, and commissioning of a 6 TPD Compressed Biogas (CBG) Plant. The project is slated for completion within an execution timeline of 9 months. Relative to Ecoboard's TTM revenue of Rs 33 Cr, this single order represents approximately 33.3% of annual top line.
- Received order valued at INR 11.00 Crores for a 6 TPD Compressed Biogas (CBG) plant
- Order value represents ~33.3% of TTM revenue (Rs 33 Cr)
- Execution timeline set at 9 months from receipt date of August 18, 2026
- Awarded by Sudhishiram Renewable Energy Enterprise Private Limited with no promoter/related-party interest
Ecoboard Industries reported a total income of ₹11.22 Cr for Q1 FY27, a sharp increase from ₹1.71 Cr in Q1 FY26, yet the company remains loss-making with a net loss of ₹3.65 Cr. The board approved the appointment of M/s. T P Ostwal Maheshwari & Associates LLP as internal auditors for FY 2026-27 following the resignation of the previous auditor. A critical concern for investors is the disclosure of contingent liabilities totaling ₹18.04 Cr across excise and income tax disputes, which represents approximately 82% of the company's ₹22 Cr net worth. The company continues to face negative operating margins and high legal risks.
- Total Income for Q1 FY27 increased to ₹11.22 Cr from ₹1.71 Cr in the year-ago period.
- Net loss for the quarter stood at ₹3.65 Cr, compared to a loss of ₹3.36 Cr in Q1 FY26.
- Contingent excise duty demand of ₹11.15 Cr is currently pending before the Supreme Court of India.
- Income tax demands totaling ₹6.90 Cr for multiple assessment years are under appeal at ITAT and CIT(A).
- Eco Build (Particle Board) segment contributed ₹9.74 Cr to revenue, while Eco Energy contributed ₹1.46 Cr.
Ecoboard Industries reported a sharp increase in Q1 FY27 total income to ₹11.22 Cr, compared to ₹1.71 Cr in the same quarter last year. Despite the revenue growth, the company recorded a net loss of ₹3.97 Cr, widening from a ₹3.36 Cr loss in Q1 FY26. A critical concern for investors is the disclosure of contingent liabilities totaling approximately ₹18.04 Cr across excise and income tax disputes, which represents roughly 82% of the company's ₹22 Cr net worth. The company also transitioned its internal auditor to T P Ostwal Maheshwari & Associates LLP following the resignation of the previous firm.
- Total Income grew by 556% YoY to ₹11.22 Cr in Q1 FY27 from ₹1.71 Cr in Q1 FY26.
- Net Loss widened to ₹3.97 Cr for the quarter ended June 30, 2026.
- Contingent excise duty demand of ₹11.15 Cr is currently under appeal in the Supreme Court of India.
- Income tax demands for multiple assessment years (AY 2017-18 to 2023-24) total ₹6.90 Cr.
- Eco Build (Particle Board) segment revenue stood at ₹9.76 Cr, while Eco Energy contributed ₹1.45 Cr.
Ecoboard Industries has scheduled a board meeting for August 10, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company is currently facing significant financial stress, with a TTM loss of Rs 10 Cr on a revenue base of Rs 24 Cr. In addition to earnings, the board will appoint a new Internal Auditor for FY 2026-27 following the resignation of the previous auditor. The trading window for the company's securities has been closed since July 1, 2026.
- Board meeting scheduled for August 10, 2026, via video conferencing
- Review of unaudited financial results for the quarter ended June 30, 2026
- Appointment of a new Internal Auditor for FY 2026-27 due to the resignation of the previous auditor
- Trading window closed from July 1, 2026, until 48 hours after the results declaration
Ecoboard Industries has announced the resignation of its internal auditor, M/s. R Kabra & Co LLP, effective July 29, 2026. The auditor cited preoccupation with other professional commitments as the reason for the exit and explicitly stated there were no issues regarding fraud or non-cooperation from management. This comes at a time when the company is struggling financially, reporting a TTM net loss of ‑Rs 10 Cr on revenue of Rs 24 Cr. Investors should monitor the timely appointment of a successor to ensure internal control oversight remains intact.
- Resignation of M/s. R Kabra & Co LLP effective from the close of business hours on July 29, 2026.
- Auditor confirmed the decision was solely due to professional commitments and not due to any fraud or management non-cooperation.
- Company reported a TTM revenue of Rs 24 Cr with a significant operating loss margin of ‑38.8%.
- The outgoing auditor was appointed for the Financial Year 2025-26.
Company profilewritten 13 Nov 2025
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