neelamalai agro industries reported a standalone net profit of ₹251.39 lakh for the financial year ended March 31, 2026, a decline of 27.1% compared to ₹344.92 lakh in FY25. Despite the drop in profitability, revenue from operations grew by 9.5% to ₹2,544.84 lakh, supported by a higher average tea sale price of ₹170.69 per kg against ₹150.18 per kg in the prior year. The Board of Directors has proposed a final dividend of ₹20 per share (200%), amounting to ₹124.41 lakh, subject to shareholder approval at the upcoming Annual General Meeting (AGM) on August 19, 2026.

The company’s total income rose to ₹3,298.67 lakh from ₹3,161.45 lakh in FY25. However, this growth was offset by rising expenses, particularly depreciation and amortization, which surged to ₹218.97 lakh from ₹134.12 lakh. Finance costs remained marginal at ₹1.37 lakh. Tea production stood at 12.42 lakh kg with an average yield of 2,182 kg per hectare, slightly lower than the 13.14 lakh kg produced in the previous year. Bought leaf production increased significantly to 2.15 lakh kg from 0.85 lakh kg.

Financial Performance Highlights

Consolidated results showed a stronger performance, with consolidated net profit rising to ₹2,912.19 lakh from ₹2,319.98 lakh in FY25. This increase was primarily driven by the share of profit from associates and joint ventures, which accounted for ₹3,275.15 lakh in FY26 compared to ₹2,541.12 lakh in the previous year. Consolidated revenue from operations also increased by 9.5% to ₹2,544.84 lakh.

Operational and Governance Updates

The AGM will be held via Video Conferencing/Other Audio-Visual Means (VC/OAVM). Shareholders holding shares as of the record date, August 12, 2026, are eligible to vote. Mrs. Shanthi Thomas, Executive Director, retires by rotation and is eligible for re-appointment. The Board also noted that M/s PKF Sridhar & Santhanam LLP will complete their second term as Statutory Auditors at the conclusion of the 84th AGM.

Foreign exchange earnings amounted to ₹800.89 lakh, while outgo was ₹46.62 lakh. The company transferred unpaid dividends for FY17-18 and interim dividends for FY18-19 to the Investor Education & Protection Fund (IEPF). Shares related to unclaimed dividends for seven consecutive years have also been transferred to the IEPF Authority.

What the Numbers Show

The divergence between the standalone and consolidated results highlights the company's reliance on its associate entities for overall profitability. While the core tea plantation business saw a contraction in standalone net profit due to higher depreciation and operational costs, the equity-accounted profits from associates like AVT Natural Products Limited provided a significant buffer. The 63% increase in depreciation expense suggests substantial capital expenditure or revaluation adjustments impacting the standalone bottom line, even as revenue grew robustly on the back of better tea prices.

Neelamalai Agro Industries reported a consolidated net profit of ₹2,912.19 lakh for the financial year ended March 31, 2026, representing an increase from ₹2,319.98 lakh in the prior year. The board recommended a final dividend of ₹20 per share, or 200%, amounting to a total payout of ₹124.41 lakh. The record date for the dividend has been set for August 12, 2026.

For the quarter ended March 31, 2026, the company posted a consolidated net profit of ₹662.20 lakh, compared to ₹412.87 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter rose to ₹698.48 lakh from ₹455.70 lakh a year ago. The standalone financial results for the quarter showed a net loss of ₹129.50 lakh, contrasting with a net loss of ₹88.73 lakh in the same period last year.

Financial Performance

The company's total income for the consolidated financial year increased to ₹2,684.32 lakh from ₹2,595.39 lakh in FY25. Total expenses for the year were reported at ₹2,942.38 lakh, slightly higher than the ₹2,722.22 lakh recorded in the previous year. The profit before tax for the year stood at ₹3,017.09 lakh, up from ₹2,319.29 lakh.

On a standalone basis, the company reported a net profit of ₹251.39 lakh for the full year, a decrease from ₹344.92 lakh in the previous year. Revenue from operations for the standalone entity was ₹2,544.84 lakh, compared to ₹2,323.67 lakh in FY25.

Operational Details

The board, in its meeting held on May 29, 2026, approved the audited financial results for both standalone and consolidated operations. The 83rd Annual General Meeting is scheduled for August 19, 2026. The register of members and share transfer books will remain closed from August 13, 2026, to August 19, 2026.

M/s. PKF Sridhar & Santhanam LLP, Statutory Auditors, issued an unmodified audit report on the financial results. The report noted that the consolidated results include the share of profits from associate companies AVT Natural Products Limited and Midland Corporate Advisory Services Private Limited, as well as joint venture AVT McCormick Ingredients Private Limited.

Regulatory Submission

Pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted a copy of the newspaper advertisement containing the extract of audited financial results for the fourth quarter and year ended March 31, 2026. The advertisement was published on May 31, 2026, in the Financial Express (All India Editions - English language) and Makkal Kural (Chennai – Tamil Language).