BSEJames Warren Tea LtdHighNeutral
Announced Fri, 6 Feb · 17:13 IST

Un-audited Financial Results for the Quarter and Nine Months ended on 31st December, 2025

Emphasis Of MatterRevenue DeclineExceptional ItemResults View source PDF

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AI summary

James Warren Tea posted revenue from operations of about Rs 3,482 lakh for Q3 FY26, down from roughly Rs 5,156 lakh in the same quarter last year (a drop of around 32%). For the nine-month period, revenue was about Rs 10,815 lakh versus Rs 11,952 lakh a year earlier, a decline of roughly 9-10%. Other income was Rs 1,137 lakh in 9M FY26, sharply lower than Rs 5,987 lakh in 9M FY25, which appears to have included a one-time or exceptional gain. Profit for the nine months stood near Rs 5,406 lakh compared with about Rs 8,107 lakh in the prior period. The statutory auditor B. Chhawchharia & Co issued an unmodified limited review report but added an Emphasis of Matter on the new Labour Codes (Wages, Industrial Relations, Social Security, OSH) notified in November 2025, whose financial impact is still being evaluated. The company also flagged that a disposal during the year makes prior period figures not directly comparable.

Likely market impact

Core operating revenue shrank meaningfully in Q3 and on a nine-month basis, while a large one-off gain in the previous year's nine months flatters the year-on-year profit comparison, so headline earnings decline looks worse than the underlying trend. The Labour Codes emphasis of matter does not modify the auditor's conclusion but adds a future-cost uncertainty for shareholders.