Gillanders Arbuthnot and Company Limited returned to profitability in the first quarter of FY26, reporting a standalone net profit of ₹353.87 lakh compared to a net loss of ₹409 lakh in the same period last year. The Kolkata-based conglomerate saw its consolidated revenue from operations rise 3.5% year-on-year to ₹9,133.50 lakh, driven by growth in its core Tea and Engineering divisions. This turnaround marks a significant improvement from the previous quarter, where the company posted a standalone loss of ₹1,412.23 lakh, highlighting the seasonal nature of its tea business and operational efficiencies in other segments.

The Board of Directors, at a meeting held on August 7, 2026, approved the unaudited standalone and consolidated financial results for the quarter and three months ended June 30, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by M/s. JKVS & Co., Chartered Accountants, the statutory auditors of the company. The disclosure was made pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

Standalone revenue from operations increased 3.9% year-on-year to ₹8,121.08 lakh. Other income stood at ₹104.61 lakh. Total expenses were ₹7,885.54 lakh, lower than the total income of ₹8,225.69 lakh, resulting in a profit before tax of ₹340.15 lakh. After accounting for deferred tax benefits of ₹13.72 lakh, the net profit for the period was ₹353.87 lakh. Earnings per share (basic and diluted) were ₹1.66, compared to a loss per share of ₹1.92 in the previous year's quarter.

On a consolidated basis, revenue from operations grew to ₹9,133.50 lakh from ₹8,837.47 lakh in Q1FY25. Consolidated net profit improved to ₹251.78 lakh from a loss of ₹545.52 lakh. Consolidated earnings per share were ₹1.18, up from a loss of ₹2.56 in the prior year quarter.

Segment-Wise Analysis

The Tea segment remained the largest contributor to revenue, generating ₹3,320.94 lakh in standalone sales, up from ₹2,860.95 lakh in Q1FY25. The Engineering (MICCO) division reported standalone revenue of ₹2,239.50 lakh, while Textiles contributed ₹2,316.82 lakh. The Property segment recorded revenue of ₹256.80 lakh.

In terms of segment results (profit before tax and interest), the Tea division reported a profit of ₹174.67 lakh, reversing a loss of ₹303.38 lakh in the same period last year. The Engineering division posted a segment result of ₹145.57 lakh, and the Property segment contributed ₹151.65 lakh. The Textiles segment reported a modest profit of ₹69.62 lakh, improving from a loss of ₹180.71 lakh.

What the Numbers Show

The reversal to profitability is largely attributable to the seasonal recovery in the Tea division, which aligns with the company’s note that tea industry results are seasonal and part-year figures should not be indicative of full-year performance. Additionally, the Textiles segment’s return to profitability suggests improved operational efficiency or favorable market conditions. The company has also opted for the New Tax Regime under Section 200 of the Income Tax Act 2025, effective April 1, 2026, which may impact future tax expenses.

Gillanders Arbuthnot and Company Limited held its 92nd Annual General Meeting (AGM) on July 3, 2026, through video conferencing. The meeting approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Shareholders also ratified the remuneration of the Cost Auditor and approved the re-appointment of Smt. Prabhawati Devi Kothari, who retires by rotation.

A significant outcome was the approval to declare and pay a dividend on the 7.75% Cumulative Redeemable Preference Shares (CRPS) for the financial years 2018-19 and 2019-20. The proceedings were conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Ashok Kumar Daga, Practicing Company Secretary, served as the Scrutinizer for the e-voting process. The remote e-voting period commenced on June 30, 2026, and concluded on July 2, 2026. The record date for determining shareholder eligibility was June 26, 2026, with a total of 10,193 shareholders on record.

All four ordinary resolutions were passed with the requisite majority. The total votes cast represented 69.07% of the outstanding shares. The following table summarizes the voting results:

The statutory auditors' report and the secretarial auditors' report were adopted without qualifications. Ms. Neha Singh, Company Secretary and Compliance Officer, confirmed the results would be submitted to the stock exchanges and made available on the company’s website.