James Warren Tea Reports 28.8% Revenue Growth in Q1
James Warren Tea Limited announced Q1 financial results with revenue from operations increasing 28.8% to ₹3,355.81 lakhs. Total income rose 31.5% to ₹4,411.52 lakhs. However, profit decreased 10.8% to ₹1,493.71 lakhs, with EPS at ₹38.49. The company's Board approved Q1 results, scheduled the AGM for September 11, and set book closure dates. Management emphasized strong top-line growth despite a slight decrease in profitability.
*this image is generated using AI for illustrative purposes only.
James Warren Tea Limited , a prominent player in the Indian tea industry, has announced its financial results for the first quarter, showcasing significant growth in revenue and a slight dip in profitability.
Financial Highlights
- Revenue from operations surged to ₹3,355.81 lakhs, marking a robust 28.8% increase from ₹2,604.51 lakhs in the corresponding quarter of the previous year.
- Total income rose to ₹4,411.52 lakhs, up from ₹3,355.81 lakhs year-over-year, representing a 31.5% growth.
- The company posted a profit of ₹1,493.71 lakhs for the quarter, compared to ₹1,673.79 lakhs in the same period last year, indicating a 10.8% decrease.
- Basic and diluted earnings per share stood at ₹38.49, down from ₹45.23 in the previous year's quarter.
Key Financial Metrics
| Particulars (₹ in lakhs) | Q1 Current | Q1 Previous | YoY Change |
|---|---|---|---|
| Revenue from Operations | 3,355.81 | 2,604.51 | +28.8% |
| Total Income | 4,411.52 | 3,355.81 | +31.5% |
| Profit | 1,493.71 | 1,673.79 | -10.8% |
| EPS (₹) | 38.49 | 45.23 | -14.9% |
Corporate Updates
The Board of Directors, during their meeting on August 13, approved several key matters:
Financial Results: The Board reviewed and approved the unaudited financial results for the quarter.
Annual General Meeting: The 16th Annual General Meeting (AGM) is scheduled for September 11. The Board approved the AGM notice and the Director's Report for the previous financial year.
Book Closure: The Register of Members and Share Transfer Books will remain closed from September 5 to September 11 (both days inclusive) for the AGM.
E-voting: The cut-off date for determining member eligibility for remote e-voting/e-voting is set as September 4.
Industry Context
James Warren Tea Limited operates primarily in the cultivation, manufacturing, and selling of tea. The company noted that the tea industry is seasonal in nature, which can impact quarterly results. As such, the reported figures may not be indicative of full-year performance.
Management Commentary
Sandip Das, Wholetime Director of James Warren Tea Limited, stated, "Our first quarter results demonstrate strong top-line growth, reflecting the increasing demand for our tea products. While we've seen a slight decrease in profitability, we remain focused on operational efficiency and quality production to drive long-term value for our shareholders."
The financial results for the quarter are available on the BSE Limited website and the company's official website. James Warren Tea Limited continues to navigate the seasonal nature of the tea industry while striving for growth and maintaining its market position.
Historical Stock Returns for James Warren Tea
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.03% | +7.67% | +6.81% | +7.49% | -8.47% | +133.85% |
15
