Kanco Tea Reports Quarterly Loss of ₹866 Lakhs in Standalone Results
KanCo Tea & Industries experienced a substantial loss in Q1, with standalone revenue dropping to ₹360.00 lakhs from ₹1,306.00 lakhs in the previous quarter. The company reported a standalone net loss of ₹866.00 lakhs, compared to a profit of ₹211.00 lakhs in the preceding quarter. Consolidated results showed a net loss of ₹978.00 lakhs and a negative EPS of ₹(19.09). The company attributed the poor performance to the seasonal nature of the tea business, cautioning that these figures are not indicative of full-year results.