Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations') (as amended from time to time), the Board of Directors of the Company at their ....
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Shri Vasuprada Plantations Ltd (formerly Joonktollee Tea & Industries Ltd), a tea, coffee and rubber plantation company, reported weak numbers for Q2 and H1 FY26. Standalone Q2 revenue from operations fell to Rs 2,707.61 lakh (vs Rs 3,171.33 lakh a year ago), and the company swung to a standalone loss after tax of Rs 513.51 lakh from a profit of Rs 318.55 lakh in Q2 FY25. For H1 FY26, standalone revenue rose to Rs 7,079.25 lakh (about 22.8% growth) but the loss after tax widened to Rs 696.77 lakh from Rs 529.95 lakh. Consolidated Q2 loss after tax stood at Rs 484.83 lakh versus a profit of Rs 437.61 lakh, while H1 FY26 consolidated loss was Rs 554.93 lakh. The auditor Singhi & Co. issued an unmodified limited review report. The company also voluntarily delisted from the Calcutta Stock Exchange effective August 14, 2025.
The sharp swing into losses in Q2 and widening H1 losses are negative for shareholders, indicating profitability pressure in the plantation business despite top-line growth over the half year. The seasonal nature of the industry means the H1 picture isn't conclusive for the full year, but the year-on-year deterioration in Q2 bottom line is a clear area of concern.