Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.3 pts less than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Goodricke Group, a tea-producing company (BSE: 500166), reported a turnaround in FY25 with profit before tax of Rs. 1,408 lacs versus a loss of Rs. 6,562 lacs in FY24. Revenue from operations rose modestly to about Rs. 82,358 lacs from around Rs. 79,890 lacs last year, roughly 3% growth. The swing back to profit was driven by a 10% rise in domestic tea prices, better-quality production, cost-saving initiatives, and an exceptional gain of Rs. 532 lacs from the sale of assets at three tea estates. Operating cash flow improved sharply to Rs. 4,284 lacs (from negative Rs. 2,496 lacs previously). The Board has not recommended any dividend for FY25, citing inadequate operating profits. Statutory auditor Deloitte Haskins & Sells LLP issued a clean, unmodified opinion, and a prior qualification on stock valuation was resolved during the year.
This is a clear turnaround story for shareholders, moving from a sizeable loss to a modest profit, supported by an asset-sale boost and stronger operating cash flows. However, the absence of a dividend, small core margins, and an upcoming CEO change (Shaibal Dutt taking over from 1 September 2025) mean the stock may see only a muted positive reaction rather than a sharp rally.