Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended June 30, 2025
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Diana Tea Company reported its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone results, showing a strong turnaround. Revenue from operations rose about 36% year-on-year to ₹2,002.02 lakhs (from ₹1,475.37 lakhs in Q1 FY25), and total income grew to ₹2,060.40 lakhs. The company swung from a net loss of ₹(110.99) lakhs in Q1 FY25 to a net profit of ₹165.96 lakhs, with basic and diluted EPS of ₹1.11 versus ₹(0.74) earlier. The statutory auditor flagged an emphasis-of-matter note that the company has not made a full provision for gratuity liability as required under Ind AS 19, though the review conclusion remains unmodified. The board also approved the re-appointment of Mr. Sandeep Singhania as Managing Director for another 5 years and Mr. Kiran Nanoo Desai as Independent Director, and fixed the 114th AGM for August 25, 2025.
The sharp revenue jump and return to profitability in Q1 are positive signals for shareholders after a loss-making FY25, but the auditor's emphasis on incomplete gratuity provisioning is a mild governance red flag worth monitoring. Overall, the quarterly performance is encouraging for the tea maker's near-term outlook.