Jay Shree Tea & Industries Ltd. announced its audited financial results for the year ended March 31, 2026, reporting a net loss of ₹2,183 lakh for the year compared to a net profit of ₹12,897 lakh in the previous year. Revenue from operations for the year stood at ₹91,595 lakh, up from ₹84,972 lakh in FY25. The board approved the voluntary delisting of the company's Ordinary Shares from the Calcutta Stock Exchange Limited (CSE), while shares will continue to be listed on the National Stock Exchange of India Limited and BSE Limited.

The board also approved the re-appointment of Mr. Vikram Swarup as an Independent Director for a second term of five consecutive years, subject to shareholder approval at the ensuing Annual General Meeting. His present term expires at the 80th Annual General Meeting. Additionally, the board recommended the re-appointment of Mr. Vikash Kandoi as a Whole Time Director designated as Executive Director for a period of three years effective from April 1, 2027. The company confirmed that both directors satisfy the independence criteria and have not been debarred from holding the office of director.

Financial Performance

The company reported a total income of ₹92,920 lakh for the year ended March 31, 2026. Total expenses for the year increased to ₹94,950 lakh from ₹87,066 lakh in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹3,218 lakh. The statutory auditors issued an audit report with an unmodified opinion on the audited annual financial results.

Segment Performance

The company operates across three segments: Tea, P&K Fertilisers, and Sugar. For the year ended March 31, 2026, the Tea segment reported revenue of ₹47,098 lakh, while the Sugar segment contributed ₹28,927 lakh. The P&K Fertilisers segment recorded revenue of ₹15,570 lakh.

Jay Shree Tea & Industries Limited has announced that Care Ratings Ltd. has reaffirmed its credit rating of BBB-/Stable/A3 with a stable outlook, valid for a period of one year. The rating encompasses the company's total facilities worth ₹376.25 crores, demonstrating the rating agency's confidence in the tea manufacturer's financial stability and operational capabilities.

Credit Rating Details

The comprehensive rating covers both fund-based and non-fund based facilities across the company's operations:

Key Rating Factors

Care Ratings based its assessment on several fundamental strengths of Jay Shree Tea Industries. The rating agency highlighted the company's strong promoter group backing and diversified revenue profile as primary positive factors. The assessment also recognized the company's adequate capacity utilization levels and established market presence.

The company's strong brand recognition in the bulk tea segment, covering both CTC and orthodox varieties, along with its fertilizer business operations, contributed significantly to the rating decision. This diversification across tea processing and fertilizer manufacturing provides operational stability and revenue stream diversification.

Financial Performance Recognition

A crucial element in the rating reaffirmation was Care Ratings' acknowledgment of Jay Shree Tea Industries' improved financial performance during FY25. The rating agency specifically noted the sustenance of this improved performance trajectory in H1FY26, indicating consistent operational efficiency and financial management.

The stable outlook assigned by Care Ratings reflects the agency's expectation that the company will maintain its current financial and operational performance levels over the rating period. This assessment provides stakeholders with confidence in the company's near-term financial stability and operational capabilities in both the tea and fertilizer segments.