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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The Board of Directors of Shri Vasuprada Plantations Ltd (formerly Joonktollee Tea & Industries Ltd) approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. Consolidated revenue from operations stood at Rs 2,823.47 lakhs versus Rs 2,742.84 lakhs in Q1 FY25, a modest YoY growth of around 3%. The company reported a consolidated loss after tax of Rs 484.83 lakhs, significantly narrower than the Rs 809.91 lakhs loss posted in the same quarter last year. Standalone revenue was Rs 2,707.61 lakhs with a loss after tax of Rs 513.51 lakhs (EPS of Rs -6.20). Statutory auditor Singhi & Co. issued an unqualified limited review report on both sets of results. The company also confirmed compliance with NCD covenants (listed NCDs of Rs 23 crore) and submitted the security cover certificate.
The quarterly loss was expected given the seasonal nature of the plantation business, but the sharp narrowing of losses compared to last year is a positive signal for shareholders. No immediate negative catalysts; stock reaction is likely muted as results were broadly in line with the seasonal pattern.