Unaudited Financial Results of the Company for the quarter ended 30th June, 2025.
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Goodricke Group reported Q1 FY26 revenue from operations of Rs 17,451 lacs, down about 11.6% from Rs 19,744 lacs in Q1 FY25. Total income stood at Rs 17,980 lacs versus Rs 19,977 lacs a year ago. Profit before tax fell sharply to Rs 150 lacs from Rs 1,021 lacs, while profit after tax dropped to Rs 319 lacs from Rs 1,249 lacs — a decline of roughly 74%. EPS for the quarter came in at Rs 1.48 compared to Rs 5.78 last year. Management blamed a 12% drop in own tea crop due to unfavourable weather and a 7% fall in domestic tea prices for the weak performance. The company's auditor issued a qualified review report flagging the valuation of tea stock, which uses estimated rather than actual costs as required by accounting standards.
Weak quarter for shareholders — both revenue and profits declined sharply due to weather-hit production and lower tea prices, though the bottom line stayed marginally profitable. The auditor's qualification on inventory valuation is a recurring concern that may affect the reliability of reported numbers.