Outcome of the Board meeting held on 11th November, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
James Warren Tea's board approved unaudited financial results for the quarter and half-year ended 30 September 2025. Total income for Q2 FY26 stood at around Rs 7,332.79 lakhs, while H1 FY26 total income came in at roughly Rs 10,627.32 lakhs, down from about Rs 13,720.21 lakhs in H1 FY25 – a decline of roughly 22–23%. Profit after tax for H1 FY26 was materially lower than H1 FY25. The company explains the drop by noting that the prior-year figures include two tea estates that were sold off in FY25, so the decline is largely structural rather than purely operational. Statutory auditors B. Chhawchharia & Co. issued an unqualified limited review report, with no qualifications or adverse comments. The balance sheet remains strong with total equity of Rs 22,281.61 lakhs and total borrowings of only around Rs 641 lakhs, indicating very low leverage.
The sharp year-on-year fall in revenue and profit looks worrying on the surface, but most of it is explained by the sale of two tea estates last year, so apples-to-apples underlying performance is steadier. A clean (unqualified) auditor review is reassuring, and the near-debt-free balance sheet limits financial risk. Short-term share price reaction may be muted given the seasonal nature of the tea business and the explanation provided.