This is in reference to our Board meeting intimation letter dated 12-05-2025, regarding the captioned subject, we wish to inform you that the Board of Directors, at their meeting held today, ....
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The Board of Indong Tea Company, at its meeting on May 20, 2025, approved the audited standalone financial results for FY25. Revenue from operations rose 42% YoY to Rs. 3,033.45 Lakh (vs Rs. 2,131.99 Lakh in FY24), while total income stood at Rs. 3,106.17 Lakh. The company swung from a loss of Rs. 135.55 Lakh in FY24 to a profit of Rs. 32.26 Lakh in FY25, with EPS moving from Rs. (1.26) to Rs. 0.01. However, the second half (H2 FY25) was weak, posting a loss of Rs. 283.03 Lakh against a profit of Rs. 315.31 Lakh in H1 FY25. Operating cash flow was deeply negative at Rs. (891.62) Lakh. The statutory auditor issued an unmodified opinion with an emphasis-of-matter note flagging that only Rs. 1,326 Lakh was received against the proposed preferential issue allocation, though proceeds have been fully utilised.
The full-year turnaround to profitability and strong revenue growth are positives for shareholders, but the steep H2 loss and heavy negative operating cash flow signal underlying stress that may cap near-term stock upside.