E-Land Apparel Reports December 2024 Results, Highlights Profitability Turnaround and Sales Growth

E-Land Apparel, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial landscape, with several key metrics reflecting positive trends.
The Profit After Tax (PAT) for the quarter stands at Rs 3.13 crore, showcasing significant growth compared to the average PAT of the previous four quarters, which was negative. This marks a substantial turnaround in profitability. Additionally, net sales for the half-year period reached Rs 111.64 crore, reflecting a year-on-year growth of 48.22%, indicating a robust sales performance.

On the operational front, E-Land Apparel has demonstrated an improved ability to manage its interest payments, with the operating profit to interest ratio reaching its highest level in the last five quarters at 2.31 times. However, the company faces challenges as well, with interest expenses rising by 51.64% quarter on quarter, suggesting increased borrowings. Furthermore, a significant portion of the profit before tax is derived from non-operating income, raising concerns about the sustainability of its business model.

In light of these developments, E-Land Apparel has undergone an adjustment in its evaluation.

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