Unaudited Financial Results of the Company for the quarter and nine months ended 31st December, 2025
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Goodricke Group Ltd reported weak Q3 FY26 results with a loss before tax of about Rs 3,944 lacs (compared to a profit of Rs 4,010 lacs in Q3 FY25), reflecting pressure on tea operations. For the nine-month period, profit after tax stood at Rs 5,476 lacs versus Rs 5,663 lacs in the same period last year, a marginal decline despite an exceptional gain of Rs 1,014 lacs from the sale of a tea estate's assets in July 2025 for Rs 2,660 lacs. The company's own tea crop was 5% lower than the previous year due to unfavourable weather. Additional employee benefit expense of Rs 219 lacs was recognised on account of new Labour Codes notified in November 2025. The statutory auditor (Deloitte Haskins & Sells LLP) issued a qualified review report, flagging that the valuation of tea stock uses estimated full-year costs instead of actual costs, which is not in line with Ind AS 2 — a recurring qualification carried over from prior quarters.
Shareholders should note the Q3 swing into losses and the recurring audit qualification on inventory valuation, though the nine-month bottom line remains positive. The exceptional gain from asset sale boosted headline profit and is unlikely to repeat, so underlying earnings momentum is weaker than the reported numbers suggest.