AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2025
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Awaiting price reaction for this filing.
Warren Tea Ltd, which has exited tea plantation business, reported zero revenue from operations for FY25, with total income of Rs 446 lakhs (vs Rs 331 lakhs) coming entirely from interest, dividends, and mutual fund investments. Standalone PAT swung from a loss of Rs 85 lakhs in FY24 to a profit of Rs 64 lakhs in FY25 (EPS Rs 0.53 vs Rs -0.71), though Q4 standalone posted a Rs 46 lakh loss. Consolidated PAT grew from Rs 29 lakhs to Rs 176 lakhs, lifted by Rs 112 lakh share from associate Maple Hotels and Resorts. Operating cash flow plunged to Rs -948 lakhs (vs Rs +53 lakhs in FY24), and the cash balance collapsed from Rs 533 lakhs to just Rs 14 lakhs. The company has applied for voluntary delisting from the Calcutta Stock Exchange, and the 48th AGM is scheduled for September 2, 2025. The board also approved MKB & Associates as Secretarial Auditor (5-year term) and reappointed Mr. Kunal R Shah as Independent Director for another 5 years.
With no operating revenue, severely depleted cash reserves, and a pending voluntary delisting application, the stock remains a high-risk, low-visibility investment. However, the auditors (Garv & Associates) issued an unmodified opinion, providing some comfort on the numbers.