Unaudited Financial Results for the quarter ended 30th June, 2025
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Awaiting price reaction for this filing.
Goodricke Group Ltd reported its Q1 FY26 (quarter ended 30 June 2025) unaudited results on 7 August 2025. Revenue from operations fell to ₹17,451 lacs from ₹19,744 lacs in Q1 FY25, a decline of about 11.6% year-on-year. Profit before tax dropped sharply to ₹150 lacs from ₹1,021 lacs, and profit after tax fell to ₹319 lacs (vs ₹1,249 lacs), translating to EPS of ₹1.48 versus ₹5.78 in the year-ago quarter. The company's own tea crop was 12% lower year-on-year due to unfavourable weather, and domestic tea sale prices fell 7%, squeezing operating margins. The statutory auditor (Deloitte Haskins & Sells LLP) issued a qualified limited review report, flagging that tea stock valuation was based on estimated rather than actual cost, which is not in line with Ind AS 2 — a qualification recurring from the prior year. The company also signed a sale agreement on 4 July 2025 (post-quarter) to sell a tea estate for ₹2,650 lacs.
Sharp drop in revenue and profits, combined with a recurring auditor qualification on inventory valuation and weak operational metrics (lower crop and prices), signals earnings pressure and is likely negative for the stock in the near term.