Elegant Floriculture & Agrotech India Ltd (526473)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Elegant Floriculture's revenue was ₹2.6 Cr (-98.3% year on year), and net profit ₹0.1 Cr (-93.4% year on year); the operating margin was 5.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2.6 | -98.3% | — |
| Operating profit | ₹0.1 | -95.1% | from loss |
| Net profit | ₹0.1 | -93.4% | from loss |
| EPS (₹) | 0.06 | -94.1% | from loss |
| Operating margin | 5.3% | — | — |
📢 Recent Corporate Announcements
Elegant Floriculture & Agrotech (India) Limited has approved the appointment of M/s SCS & CO. LLP, Ahmedabad, as its Secretarial Auditor for FY 2025-26 in a board meeting held on August 18, 2026. This follows the resignation of previous auditor M/s. N. Bagaria & Associates effective August 17, 2026, which was prompted by the relocation of the company's operations from Mumbai to Ahmedabad. The transition is purely administrative and carries no direct financial impact on the micro-cap company (market cap of ₹11 Cr).
- Resignation of M/s. N. Bagaria & Associates as Secretarial Auditor effective August 17, 2026
- Appointment of Ahmedabad-based M/s. SCS & CO. LLP for FY 2025-26 approved on August 18, 2026
- Reason cited for auditor change: Relocation of company operations from Mumbai to Ahmedabad
- Board meeting commenced at 1:00 PM and concluded at 1:30 PM on August 18, 2026
Elegant Floriculture & Agrotech reported standalone revenue from operations of ₹256.55 Lakhs for the quarter ended June 30, 2026, marking a steep decline from ₹1,501.30 Lakhs in the corresponding period of the previous year. Total expenses stood at ₹243.00 Lakhs, comprised almost entirely of purchase and direct expenses. Profit Before Tax stood at ₹13.50 Lakhs for the quarter compared to ₹27.40 Lakhs in Q1 of the previous year, though rebounding from a loss of ₹5.91 Lakhs in the preceding quarter.
- Revenue from operations fell sharply to ₹256.55 Lakhs vs ₹1,501.30 Lakhs in Q1 FY26.
- Profit before tax stood at ₹13.50 Lakhs compared to ₹27.40 Lakhs in Q1 FY26 and a loss of ₹5.91 Lakhs in Q4 FY26.
- Total expenses were ₹243.00 Lakhs, driven almost entirely by purchase and direct expenses.
Elegant Floriculture & Agrotech reported standalone revenue of ₹256.55 lakh (₹2.57 crore) for the quarter ended June 30, 2026, marking an 82.9% decline compared to ₹1,501.30 lakh in Q1 FY26. Net profit stood at ₹13.50 lakh, down 34.1% YoY from ₹20.50 lakh, though recovering sequentially from a net loss of ₹7.21 lakh on zero revenue in Q4 FY26. Basic EPS came in at ₹0.06 compared to ₹0.10 in the year-ago period. Paid-up equity capital expanded to ₹2,286.72 lakh from ₹1,996.72 lakh following a preferential allotment.
- Revenue from operations reached ₹256.55 lakh in Q1 FY27, plunging 82.9% YoY from ₹1,501.30 lakh in Q1 FY26
- Net profit recorded at ₹13.50 lakh versus ₹20.50 lakh in Q1 FY26 and a loss of ₹7.21 lakh in Q4 FY26
- Total expenses for the quarter stood at ₹243.00 lakh, driven almost entirely by purchase and direct trading expenses
- Paid-up equity share capital increased from ₹1,996.72 lakh to ₹2,286.72 lakh with zero deviations reported on ₹21.75 lakh preferential issue proceeds
- Reported basic and diluted EPS stood at ₹0.06 for the quarter
Elegant Floriculture & Agrotech reported standalone revenue from operations of Rs 256.50 Lakhs (Rs 2.57 Cr) for the quarter ended June 30, 2026, down 82.9% YoY from Rs 1,501.30 Lakhs, but rebounding from nil revenue in Q4 FY26. Net profit stood at Rs 13.50 Lakhs compared to Rs 20.50 Lakhs in Q1 FY26 and a net loss of Rs 7.21 Lakhs in Q4 FY26. Total paid-up equity share capital expanded to Rs 2,286.72 Lakhs from Rs 1,996.72 Lakhs following a preferential allotment where Rs 21,75,000 was raised on May 20, 2026 with nil deviation reported. The company continues to operate exclusively in trading activities.
- Revenue from operations stood at Rs 256.50 Lakhs in Q1 FY27 vs Rs 1,501.30 Lakhs in Q1 FY26 (down 82.9% YoY).
- Net profit recorded at Rs 13.50 Lakhs vs Rs 20.50 Lakhs in Q1 FY26 and a loss of Rs 7.21 Lakhs in Q4 FY26.
- Basic and diluted EPS stood at Rs 0.06 per share for the quarter.
- Raised Rs 21,75,000 via preferential allotment of equity shares on May 20, 2026 with no deviation in utilization.
- Paid-up equity share capital increased to Rs 2,286.72 Lakhs from Rs 1,996.72 Lakhs.
Elegant Floriculture & Agrotech has postponed its board meeting, originally scheduled for August 10, 2026, to August 14, 2026. The company stated the delay is necessary to allow the board additional time for analysis due to 'significant variations' in the unaudited financial results for the quarter ended June 30, 2026. This is particularly relevant given the company's volatile revenue history, which plummeted from Rs 150.13 Cr in June 2025 to near zero in March 2026. With a market cap of only Rs 10 Cr and 0% promoter holding, such delays warrant close scrutiny.
- Board meeting rescheduled from August 10, 2026, to August 14, 2026
- Delay attributed to 'significant variations' in financial results for the quarter ended June 30, 2026
- Company reported TTM revenue of Rs 160 Cr against a small market cap of Rs 10 Cr
- Promoter holding stands at 0.0% as per latest available records
- Previous quarter (March 2026) revenue was reported at Rs 0.0 Cr
Elegant Floriculture & Agrotech has scheduled a board meeting for August 10, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026. This announcement is critical as the company reported zero revenue in the March 2026 quarter, following a high of Rs 150.13 Cr in June 2025. With a micro-cap valuation of Rs 10 Cr and 0% promoter holding, the upcoming results will indicate if operations have resumed. The company currently maintains a debt-free balance sheet with a net worth of Rs 26 Cr.
- Board meeting scheduled for August 10, 2026, to approve Q1 FY27 results
- Company reported Rs 0.0 revenue in the most recent quarter (March 2026)
- Promoter holding remains at 0.0% as of March 2026
- Market capitalization is approximately Rs 10 Cr with a P/E of 4.6
Elegant Floriculture & Agrotech (India) Ltd has announced a major strategic pivot from agricultural products to the infrastructure and real estate sectors. The Board approved adding new business objects to its Memorandum of Association, including the construction of townships, industrial parks, roads, and highways. To reflect this shift, the company intends to change its name to 'Elegant Infrastructure Limited,' pending shareholder and regulatory approvals. This move marks a fundamental departure from its current business model, though specific financial outlays for the new ventures were not disclosed.
- Board approved the addition of infrastructure, civil engineering, and real estate development to the Object Clause on July 15, 2026.
- Proposed name change from Elegant Floriculture & Agrotech India Limited to Elegant Infrastructure Limited.
- New business scope includes developing commercial complexes, townships, and public infrastructure like bridges and flyovers.
- The Board meeting was conducted in 1 hour, starting at 02:00 PM and concluding at 03:00 PM.
- The pivot is subject to approval from shareholders and the Registrar of Companies (ROC).
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