E-Land Apparel Ltd (532820)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, E-Land Apparel's revenue was ₹75.6 Cr (+3.6% year on year, -15.1% on the previous quarter), and net profit ₹-8.9 Cr (a bigger loss than a year earlier); the operating margin was -6.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹75.6 | +3.6% | -15.1% |
| Operating profit | ₹-5.0 | loss widened | loss widened |
| Net profit | ₹-8.9 | loss widened | loss narrowed |
| EPS (₹) | -1.86 | loss widened | loss narrowed |
| Operating margin | -6.6% | — | — |
📢 Recent Corporate Announcements
E-Land Apparel Limited has announced the resignation of its Managing Director, Mr. Dong Ju Kim, effective from the close of business hours on September 30, 2026. The departure is attributed to preoccupation and personal commitments. The company faces significant financial strain, with a negative net worth of Rs -532 Cr, debt of Rs 188 Cr, and TTM net losses of Rs -50 Cr on revenue of Rs 265 Cr. Leadership instability presents further operational uncertainty during an ongoing business turnaround.
- Mr. Dong Ju Kim resigned as Managing Director and Director effective close of business hours on September 30, 2026
- Resignation letter received and accepted on September 30, 2026
- Departure comes amid TTM net losses of Rs -50 Cr and negative net worth of Rs -532 Cr
E-Land Apparel Limited has announced the resignation of its Managing Director, Mr. Dong Ju Kim, effective from the close of business hours on September 30, 2026. The departure is attributed to preoccupation and personal commitments. The company faces significant financial strain, with a negative net worth of Rs -532 Cr, debt of Rs 188 Cr, and TTM net losses of Rs -50 Cr on revenue of Rs 265 Cr. Leadership instability presents further operational uncertainty during an ongoing business turnaround.
- Mr. Dong Ju Kim resigned as Managing Director and Director effective close of business hours on September 30, 2026
- Resignation letter received and accepted on September 30, 2026
- Departure comes amid TTM net losses of Rs -50 Cr and negative net worth of Rs -532 Cr
E-Land Apparel Limited has announced the resignation of its Managing Director, Mr. Dong Ju Kim, effective from the close of business hours on September 30, 2026. The departure is attributed to preoccupation and personal commitments. The company faces significant financial strain, with a negative net worth of Rs -532 Cr, debt of Rs 188 Cr, and TTM net losses of Rs -50 Cr on revenue of Rs 265 Cr. Leadership instability presents further operational uncertainty during an ongoing business turnaround.
- Mr. Dong Ju Kim resigned as Managing Director and Director effective close of business hours on September 30, 2026
- Resignation letter received and accepted on September 30, 2026
- Departure comes amid TTM net losses of Rs -50 Cr and negative net worth of Rs -532 Cr
E-Land Apparel Limited has announced the resignation of its Managing Director, Mr. Dong Ju Kim, effective from the close of business hours on September 30, 2026. The departure is attributed to preoccupation and personal commitments. The company faces significant financial strain, with a negative net worth of Rs -532 Cr, debt of Rs 188 Cr, and TTM net losses of Rs -50 Cr on revenue of Rs 265 Cr. Leadership instability presents further operational uncertainty during an ongoing business turnaround.
- Mr. Dong Ju Kim resigned as Managing Director and Director effective close of business hours on September 30, 2026
- Resignation letter received and accepted on September 30, 2026
- Departure comes amid TTM net losses of Rs -50 Cr and negative net worth of Rs -532 Cr
E-Land Apparel has announced the resignation of its Managing Director, Mr. Dong Ju Kim (DIN: 08060629), effective from the close of business hours on September 30, 2026. The resignation is attributed to personal commitments and preoccupation, with no successor named in the filing. This leadership change occurs against a strained financial backdrop, where the company recorded a TTM net loss of Rs -50 Cr and has a deeply negative net worth of Rs -532 Cr.
- Mr. Dong Ju Kim resigned as Managing Director effective close of business hours on September 30, 2026
- Resignation received and processed on September 30, 2026
- Departure cited as due to preoccupation and personal commitments
- Filing signed by Additional Director Hong Jin Lim (DIN: 11791061)
E-Land Apparel reported a net loss of ₹8.93 Cr for the quarter ended June 30, 2026, widening significantly from a loss of ₹5.07 Cr in the same period last year. Revenue from operations remained nearly stagnant at ₹73.60 Cr compared to ₹72.11 Cr YoY, while total expenses rose to ₹87.03 Cr. The statutory auditor has highlighted a material uncertainty regarding the company's ability to continue as a 'going concern' due to the total erosion of its net worth. Management is currently relying on a letter of financial support from its holding company to sustain operations.
- Net loss widened by 76% YoY to ₹8.93 Cr from ₹5.07 Cr in the previous year's quarter.
- Revenue from operations grew marginally by 2% YoY to ₹73.60 Cr.
- Total expenses for the quarter reached ₹87.03 Cr, significantly exceeding total income of ₹75.10 Cr.
- Accumulated losses have resulted in a negative 'Other Equity' of ₹880.28 Cr as of March 31, 2026.
- Finance costs increased to ₹34.90 Lakhs from ₹24.15 Lakhs in the year-ago period.
E-Land Apparel reported a net loss of Rs 8.93 crore for the quarter ended June 30, 2026, widening from a loss of Rs 5.07 crore in the same quarter last year. While revenue from operations grew marginally by 2% YoY to Rs 73.60 crore, total expenses of Rs 87.03 crore continued to outpace income. The independent auditor has issued a 'going concern' warning, noting that accumulated losses have completely eroded the company's net worth, which stands at Rs -532 crore. The company currently relies on a commitment of financial support from its holding company to sustain operations.
- Net loss widened to Rs 8.93 crore in Q1 FY27 compared to a loss of Rs 5.07 crore in Q1 FY26.
- Revenue from operations remained stagnant at Rs 73.60 crore versus Rs 72.11 crore in the year-ago period.
- Total expenses for the quarter stood at Rs 87.03 crore, resulting in an operating loss before tax of Rs 8.93 crore.
- Auditor highlighted material uncertainty regarding the company's ability to continue as a going concern due to eroded net worth.
- Finance costs for the quarter were reported at Rs 34.90 lakhs, a sharp reduction from Rs 487.65 lakhs in the sequential March quarter.
E-Land Apparel 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 under severe financial stress, reporting a negative net worth of ₹532 Cr and a TTM loss of ₹46 Cr. This meeting follows a volatile FY26 where quarterly revenues fluctuated between ₹34 Cr and ₹89 Cr. The trading window for designated persons has been closed since June 30, 2026, in anticipation of these results.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Trading window closed from June 30, 2026, until 48 hours after the results declaration.
- Company reported a TTM loss of ₹46 Cr against a market cap of only ₹58 Cr.
- Net worth stands at a deeply negative ₹532 Cr as of the latest available data.
- Operating profit margin (OPM) remains negative at -10.3% on a TTM basis.
E-Land Apparel has appointed Mrs. Sandhiya Balamurgan as an Additional Non-Executive Independent Director for a five-year term effective July 30, 2026. Mrs. Balamurgan brings over 10 years of experience in AI and Smart Manufacturing, which is notable given the company's current financial distress, including a negative net worth of •532 Cr. Simultaneously, the company has postponed its 30th Annual General Meeting (AGM), which was originally scheduled for August 20, 2026, to an unspecified later date.
- Appointment of Mrs. Sandhiya Balamurgan as Independent Director for a 5-year term until July 29, 2031.
- Postponement of the 30th AGM originally scheduled for August 20, 2026.
- New director holds a Ph.D. and over 10 years of experience in AI, IoT, and digital transformation.
- Company reports a negative net worth of •532 Cr against a market cap of only •57 Cr.
- TTM losses stand at •46 Cr on a revenue base of •262 Cr.
E-Land Apparel has appointed Mrs. Sandhiya Balamurgan as an Additional Non-Executive Independent Director for a five-year term effective July 30, 2026. The appointee brings over 10 years of experience in AI and Smart Manufacturing, which is notable given the company's current financial distress, including a negative net worth of ₹-532 Cr. Simultaneously, the board has decided to postpone the 30th Annual General Meeting (AGM) originally scheduled for August 20, 2026, to a later date. These changes occur as the company reports a TTM loss of ₹46 Cr on a revenue of ₹262 Cr.
- Appointment of Mrs. Sandhiya Balamurgan as Independent Director for a 5-year term ending July 29, 2031
- Postponement of the 30th Annual General Meeting originally scheduled for August 20, 2026
- New director holds a Ph.D. and 10+ years of experience in AI, IoT, and Industry 4.0
- Company faces significant financial headwinds with a negative net worth of ₹-532 Cr and debt of ₹188 Cr
- TTM revenue stands at ₹262 Cr with an operating margin of -10.3%
E-Land Apparel has appointed Mrs. Sandhiya Balamurgan as an Additional Non-Executive Independent Director for a 5-year term effective July 30, 2026. The new director brings over 10 years of experience in AI, IoT, and smart manufacturing, which may signal a focus on operational efficiency. Additionally, the company has postponed its 30th Annual General Meeting (AGM), originally scheduled for August 20, 2026, to a later date. This comes as the company continues to face severe financial distress, including a negative net worth of ₹532 Cr and a TTM loss of ₹46 Cr.
- Appointment of Mrs. Sandhiya Balamurgan as Independent Director for a 5-year term until July 29, 2031
- Postponement of the 30th AGM originally scheduled for August 20, 2026
- New director holds a Ph.D. in Computer Science with expertise in Industry 4.0 and predictive analytics
- Company reported a TTM revenue of ₹262 Cr with a significant operating loss margin of -10.3%
- Net worth remains deeply negative at -₹532 Cr as of the latest available data
E-Land Apparel has appointed Mr. Shankar Bhat as an Additional Non-Executive Independent Director for a five-year term starting July 27, 2026. Mr. Bhat brings over 40 years of experience in governance and risk management from companies like Shahi Exports and BPL Ltd. The company also announced its 29th Annual General Meeting (AGM) for August 20, 2026. This administrative update occurs against a backdrop of severe financial distress, with the company reporting a negative net worth of ‑Rs 532 Cr and TTM losses of Rs 46 Cr.
- Appointment of Mr. Shankar Bhat as Independent Director for a 5-year term until July 26, 2031
- Mr. Bhat possesses over 40 years of professional experience in leadership and operational excellence
- The 29th Annual General Meeting (AGM) is scheduled for August 20, 2026, via video conferencing
- Company faces significant financial headwinds with a TTM OPM of -10.3% and debt of Rs 188 Cr
- Board meeting concluded within 2.5 hours, starting at 3:00 P.M. and ending at 5:30 P.M.
E-Land Apparel has appointed Mr. Shankar Bhat as an Additional Non-Executive Independent Director for a five-year term effective July 27, 2026. Mr. Bhat brings over 40 years of experience in corporate governance and risk management from major textile firms like Shahi Exports. This appointment occurs as the company struggles with a negative net worth of ₹-532 Cr and a TTM loss of ₹46 Cr. Additionally, the company has scheduled its 29th Annual General Meeting for August 20, 2026.
- Appointment of Mr. Shankar Bhat for a 5-year term from July 27, 2026, to July 26, 2031
- Mr. Bhat has over 40 years of experience, including leadership roles at Shahi Exports and MAF Clothing
- The 29th Annual General Meeting (AGM) is scheduled for August 20, 2026, via video conferencing
- Company reports a deeply negative net worth of ₹-532 Cr against a market cap of ₹58 Cr
- TTM revenue stands at ₹262 Cr with an operating profit margin of -10.3%
E-Land Apparel has appointed Mr. Shankar Bhat as an Additional Non-Executive Independent Director for a five-year term effective July 27, 2026. Mr. Bhat brings over 40 years of industry experience from major firms like Shahi Exports and MAF Clothing, specializing in risk management and operational excellence. The company also announced its 29th Annual General Meeting (AGM) for August 20, 2026. This appointment occurs as the company struggles with a negative net worth of ₹-532 Cr and a TTM loss of ₹-46 Cr.
- Appointment of Mr. Shankar Bhat as Independent Director for a 5-year term until July 26, 2031
- Mr. Bhat possesses over 40 years of experience in leadership roles at BPL Ltd. and Shahi Exports
- 29th Annual General Meeting (AGM) scheduled for August 20, 2026, via video conferencing
- Company reports a deeply negative net worth of ₹-532 Cr against a market cap of only ₹58 Cr
- TTM revenue stands at ₹262 Cr with an operating profit margin of -10.3%
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