Jay Shree Tea & Industries has released its quarterly results for the period ended September 30, 2023, revealing a mixed performance across its diverse business segments. The company's financial report highlights strong growth in its tea segment, offset by losses in the sugar division, while also shedding light on its fertilizer manufacturing operations.

Segment-wise Performance

The tea segment emerged as the star performer, generating a substantial revenue of ₹16,688.00 lakhs and contributing a profit of ₹3,491.00 lakhs. In contrast, the sugar segment faced headwinds, posting revenue of ₹6,405.00 lakhs but incurring losses of ₹666.00 lakhs. The P&K Fertilisers manufacturing division added ₹3,260.00 lakhs to the revenue stream with a profit of ₹311.00 lakhs.

Overall Financial Performance

Jay Shree Tea & Industries reported total revenue from operations of ₹26,353.00 lakhs for the quarter. The company's net profit from continuing operations stood at ₹1,905.00 lakhs, demonstrating its ability to maintain profitability despite challenges in certain segments.

For the half-year period, the company's total revenue reached ₹45,045.00 lakhs, indicating a robust performance in the first half of the fiscal year.

Dividend Announcement

The Board of Directors approved a final dividend of ₹0.50 per share for the financial year 2022-23. This dividend was paid out on August 19, 2023.

Auditor's Concerns

It's important to note that the company's auditors have raised concerns regarding the non-provisioning of income tax liability during the quarter. The auditors stated that this practice does not comply with accounting standards, which could potentially impact the company's financial reporting and compliance status.

Conclusion

Jay Shree Tea & Industries' Q2 results paint a picture of a company navigating both opportunities and challenges across its diverse business portfolio. While the tea segment's strong performance has helped offset losses in the sugar division, the company may need to address the concerns raised by auditors to ensure full compliance with accounting standards moving forward.

Jay Shree Tea & Industries Ltd, a diversified company with interests in tea, fertilizers, and sugar, has released its unaudited financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company reported a mixed performance with increased revenue but widened losses.

Revenue Growth Across Segments

The company's revenue from operations saw a modest increase, rising to ₹15,911.00 lakhs in Q1 FY2026, compared to ₹15,838.00 lakhs in the same quarter of the previous year. This growth was driven by performance across its three main segments:

• Tea segment: ₹8,248.00 lakhs
• P&K Fertilisers: ₹1,262.00 lakhs
• Sugar segment: ₹9,142.00 lakhs

Widened Losses from Continuing Operations

Despite the revenue growth, Jay Shree Tea & Industries reported a wider net loss from continuing operations. The company's loss increased to ₹943.00 lakhs in Q1 FY2026, compared to a loss of ₹851.00 lakhs in the corresponding quarter of the previous year.

Segment-wise Performance

The sugar segment, while contributing significantly to revenue, reported a loss at the segment level.

Auditor's Qualified Conclusion

The company's auditors issued a qualified conclusion on the financial results. The qualification pertains to the non-provisioning of income tax liability (current and deferred) during the quarter. The auditors noted that this non-compliance with Indian Accounting Standards could have an impact on the financial results, though the extent of this impact is currently not ascertainable.

Management's Response

The company's management stated that due to the seasonal nature of the tea and sugar industries, it is difficult to estimate taxable profit for the year. As a result, current and deferred tax provisions will be made at the end of the financial year.

Board Approval

The unaudited financial results were approved by the Board of Directors in their meeting held on August 12, 2025. The meeting commenced at 2:30 P.M. and concluded at 3:05 P.M.

Jay Shree Tea & Industries continues to navigate the challenges in its diverse business segments. While the company has shown resilience in maintaining revenue growth, addressing the widening losses and tax provisioning issues will be crucial for its financial health in the coming quarters.