Board meeting outcome for Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2025 and convening of 49th Annual General Meeting.
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▲ 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 reported audited FY25 results with revenue from operations rising to Rs 82,358 lacs from Rs 71,611 lacs (about 15% growth) on the back of around 10% higher domestic tea prices and improved cost efficiency. The company swung from a loss before tax of Rs 8,562 lacs in FY24 to a profit of Rs 1,405 lacs in FY25, with PAT improving from a loss of Rs 5,901 lacs to a profit of Rs 758 lacs; Q4 however remained negative at Rs 1,481 lacs loss. The results include an exceptional gain of Rs 532 lacs from profit on sale of assets of a tea estate, and the company also signed a non-binding MoU to sell and lease back another tea estate for Rs 2,660 lacs. Operating cash flow turned positive at Rs 4,284 lacs versus an outflow of Rs 2,496 lacs last year, and the Board did not recommend a dividend citing inadequate operating profit. The 49th AGM is scheduled for 29 July 2025, and Shaibal Dutt has been appointed as the new Managing Director & CEO effective 2 September 2025. Statutory auditor Deloitte Haskins & Sells LLP issued an unmodified/unqualified opinion.
The clean audit opinion and turnaround from loss to profit, along with positive operating cash flow, are positive signals for shareholders, though the absence of a dividend and a still-negative Q4 PAT temper the upside. Watch for completion of the tea estate sale deal and the new MD's strategy for further margin improvement.