Eastern Treads Ltd (531346)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Eastern Treads' revenue was ₹14.1 Cr (-15.6% year on year, +4.5% on the previous quarter), and net profit ₹-0.2 Cr (a bigger loss than a year earlier); the operating margin was 5.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹14.1 | -15.6% | +4.5% |
| Operating profit | ₹0.7 | +42.9% | from loss |
| Net profit | ₹-0.2 | loss widened | to loss |
| EPS (₹) | -0.31 | loss widened | to loss |
| Operating margin | 5.2% | — | — |
📢 Recent Corporate Announcements
Eastern Treads shareholders approved key board appointments on September 29, 2026. Mr. Navas Meeran was regularized as Managing Director for a 5-year term ending February 13, 2031, notably drawing NIL remuneration. Additionally, Mr. Karandeep Singh was approved as an Independent Director for a 5-year term from May 20, 2026, and Mr. Naiju Joseph was re-appointed following retirement by rotation.
- Shareholders approved the regularization of Mr. Navas Meeran as MD for a 5-year tenure effective February 14, 2026, to February 13, 2031.
- MD Navas Meeran is appointed at NIL remuneration, avoiding additional management overhead for the company.
- Mr. Karandeep Singh regularized as Non-Executive Independent Director for a 5-year term effective May 20, 2026.
- Mr. Naiju Joseph re-appointed as Director upon retiring by rotation under Section 152 of the Companies Act, 2013.
Eastern Treads Limited has re-appointed M/s. BVR and Associates, Company Secretaries LLP, as its Secretarial Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors on August 14, 2026, in compliance with SEBI (LODR) Regulations. This is a routine administrative filing and does not impact the company's operational or financial trajectory. The company continues to operate under significant financial stress, with a net worth of Rs 0 Cr and TTM losses of Rs 10 Cr.
- Re-appointment of M/s. BVR and Associates for the Financial Year 2026-2027.
- The audit firm is led by partners with over 20 years of specialized experience in corporate law and secretarial compliances.
- The company reported a TTM revenue of Rs 75 Cr but remains loss-making with a TTM PAT of Rs -10 Cr.
- The appointment covers the period from April 1, 2026, to March 31, 2027.
Eastern Treads reported a revenue of Rs 13.45 Cr for the quarter ended June 30, 2026, representing a 4.3% decline from Rs 14.05 Cr in the same period last year. The company swung to a net loss of Rs 16.37 lakhs from a profit of Rs 10.55 lakhs YoY. Most critically, the company's net worth is completely eroded, with accumulated losses totaling Rs 31.24 Cr. Management is maintaining a going-concern assumption based on expected recovery of overdue receivables and business forecasts.
- Revenue from operations fell to Rs 13.45 Cr in Q1 FY27 from Rs 14.05 Cr in Q1 FY26
- Net loss for the quarter stood at Rs 16.37 lakhs, a sharp reversal from the Rs 10.55 lakhs profit YoY
- Accumulated losses have reached Rs 31.24 Cr, significantly exceeding the current market cap of Rs 17 Cr
- Finance costs for the quarter remained high at Rs 63.03 lakhs, consuming nearly 4.7% of total revenue
- Total expenses for the quarter (Rs 14.96 Cr) exceeded total income (Rs 14.16 Cr)
Eastern Treads reported a net loss of ₹0.16 crore for the quarter ended June 30, 2026, showing a slight improvement from the ₹0.27 crore loss in the same period last year. Revenue from operations grew 4.5% YoY to ₹14.05 crore, but declined 15.6% sequentially from the March 2026 quarter. The company's financial position remains critical with a completely eroded net worth and accumulated losses totaling ₹31.24 crore. Management is maintaining a going-concern stance based on projected recoveries of overdue receivables and business forecasts.
- Revenue from operations reached ₹14.05 crore, up from ₹13.45 crore in June 2025.
- Net loss for the quarter narrowed to ₹16.37 lakhs from ₹27.4 lakhs YoY.
- Accumulated losses have reached a significant ₹31.24 crore as of June 30, 2026.
- Total expenses of ₹14.32 crore exceeded the total income of ₹14.16 crore for the quarter.
- Finance costs remained stable at ₹0.63 crore compared to ₹0.59 crore in the previous year's quarter.
Eastern Treads Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth and a TTM loss of ₹10 crore. With a small market capitalization of ₹17 crore and debt of ₹33 crore, the upcoming results are critical for assessing operational viability. Operating margins remain negative at -7.6%, highlighting significant turnaround challenges.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Company reported a TTM loss of ₹10 crore as of the latest available data
- Debt of ₹33 crore significantly exceeds the current market cap of ₹17 crore
- Operating profit margin (OPM) stands at -7.6% for the trailing twelve months
- Promoter holding remains stable at 65.48% as of March 2026
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