Norben Tea & Exports Reports Significant Profit Growth in Q1
Norben Tea & Exports Limited reported a net profit of ₹28.50 lakhs for Q1, a substantial improvement from the previous quarter's loss of ₹103.25 lakhs and the ₹3.66 lakhs profit in Q1 of the previous year. Revenue from operations increased to ₹123.33 lakhs from ₹108.30 lakhs in the previous quarter. The company's basic EPS improved to ₹0.22. The paid-up equity share capital increased to ₹1,333.61 lakhs due to warrant conversion. Management cautions that Q1 results may not represent full-year performance due to the seasonal nature of the tea industry.