Harrisons Malayalam Limited , a leading producer of natural rubber and tea, has reported a significant turnaround in its financial performance for the half year ended September 30, 2025. The company's unaudited standalone financial results reveal a robust profit before tax of ₹1,238.65 lakh, compared to a loss of ₹149.78 lakh in the same period last year.

Financial Highlights

The company's revenue from operations for the half year reached ₹25,086.18 lakh, up from ₹23,495.40 lakh in the corresponding period of the previous year. This represents a year-on-year growth of approximately 6.77%.

Here's a breakdown of the key financial metrics:

The company's performance shows a marked improvement across all major financial parameters.

Segment Performance

Harrisons Malayalam's business is primarily divided into two segments: Tea and Rubber. The segment-wise results for the half year ended September 30, 2025, are as follows:

While the Tea segment reported a loss, the Rubber segment demonstrated strong profitability, contributing significantly to the overall positive results.

Management Changes

The company has made two key appointments to its senior management team:

1. Mr. Akhilesh Gopinath has been designated as Head - Finance. He is a Chartered Accountant with over 8 years of experience in financial accounting, auditing, taxation, and financial analysis.

2. Mr. Benil John has been appointed as Head - Tea Business. With over 30 years of experience in Tea and Rubber Plantation management, Mr. John will be a valuable addition to the company's executive committee.

Regulatory Compliance

The company disclosed that it had paid a fine of ₹2,000 to BSE for a one-day delay in filing its annual report for FY2024-25. The management has advised greater caution in future filings to ensure timely compliance with regulatory requirements.

Legal Developments

Subsequent to the quarter end, on October 23, 2025, the Government of Kerala filed a new civil suit against the company. The suit challenges the ownership of land in Achoor, Sentinel Rock estate, and portions of land in Chundale and Arrapetta estates. It seeks declaration of title and recovery of possession of tea estates in Wayanad district. The case is currently pending before the Subordinate Judges Court, Sultan Bathery.

Outlook

Despite challenges in the Tea segment, Harrisons Malayalam's strong performance in the Rubber segment and overall profitability indicate a positive trajectory for the company. The management's focus on strengthening the senior leadership team and addressing regulatory compliance issues demonstrates a commitment to sustainable growth and governance.

Investors and stakeholders will be watching closely to see if the company can maintain this momentum in the coming quarters, particularly in light of the ongoing legal challenges related to land ownership.

Harrisons Malayalam Limited (HML), a prominent player in the Indian plantation industry, has announced a significant change in its senior management. Joby Mathew, the company's Head of Finance, is set to resign from his position, marking the end of his tenure with the organization.

Resignation Details

According to a regulatory filing by Harrisons Malayalam Limited, Joby Mathew will step down from his role as Head of Finance effective from the close of business hours on August 31, 2025. The company has formally accepted his resignation, and Mathew will cease to be a Senior Managerial Personnel (SMP) of HML from that date.

Reason for Departure

In his resignation letter, Mathew cited his desire to pursue new challenges and opportunities as the primary reason for his departure. This move suggests a personal decision to explore different avenues in his professional career.

Company's Response

Harrisons Malayalam Limited has acknowledged Mathew's resignation and has complied with the necessary regulatory requirements. As per the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, the company has duly informed the stock exchanges about this development.

Implications and Next Steps

The departure of a senior financial executive like Joby Mathew may have implications for Harrisons Malayalam's financial leadership. However, the company has not yet announced any succession plans or the appointment of a new Head of Finance.

Harrisons Malayalam Limited, with its corporate identification number L01119KL1978PLC002947, continues to operate from its headquarters at 24/1624, Bristow Road, Willingdon Island, Cochin. As a listed entity on both the Bombay Stock Exchange and the National Stock Exchange, the company is expected to keep its stakeholders informed about any further developments regarding its senior management changes.

Investors and industry observers will likely be watching closely to see how Harrisons Malayalam Limited addresses this transition in its financial leadership team.