The Grob Tea Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025 and other business matters
GROBTEA · price
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The Grob Tea Company announced unaudited Q1 FY26 results for the quarter ended June 30, 2025. Revenue from operations rose to ₹1,785.20 lakhs from ₹1,614.10 lakhs a year ago, an increase of about 10.6%. The company swung to a profit of ₹135.39 lakhs, compared to a loss of ₹1,914.64 lakhs in Q1 FY25, with EPS of ₹11.65. The board approved discontinuing its LED Lights segment from April 1, 2025, calling it insignificant versus its core tea business, and also cleared the Cost Audit Report for FY25 and inter-corporate loans for FY26. The statutory auditor issued a qualified review, flagging that income tax provisions and actuarial post-employment benefits were estimated rather than fully computed as per Ind AS.
The sharp swing to profit and a cleaner focus on the core tea business are positive for shareholders, though the auditor's qualified opinion on tax and actuarial estimates is a small yellow flag. The LED exit is non-material to overall operations.