AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Warren Tea reported zero revenue from operations for FY25, the same as FY24, as the company had earlier exited its tea plantation business. It earned only other income of Rs 446 lakh (vs Rs 337 lakh in FY24), mostly from interest on inter-corporate deposits, bank deposits and mutual fund investments. On a standalone basis, profit after tax swung to Rs 64 lakh versus a loss of Rs 85 lakh in FY24, aided by lower employee and other expenses. Consolidated PAT jumped sharply to Rs 176 lakh (vs Rs 29 lakh), largely driven by Rs 117 lakh share of profit from associate Maple Hotels and Resorts. An exceptional item of Rs 17 lakh was recorded. However, operating cash flow turned deeply negative at Rs (948) lakh versus a positive Rs 30 lakh last year, and cash and equivalents collapsed from Rs 533 lakh to just Rs 14 lakh. Plans to venture into merchant tea exporting to Gulf/CIS countries are on hold due to the Russia-Ukraine conflict, and the company has applied for voluntary delisting from the Calcutta Stock Exchange. The board also appointed MKB & Associates as Secretarial Auditor for five years and reappointed Mr. Kunal R Shah as Independent Director. Statutory auditor Garv & Associates issued an unmodified opinion.
The company has effectively become a shell with no operating revenue, and the sharp drop in cash plus negative operating cash flow raise sustainability questions despite headline profit improvement. Shareholders should track the delisting process, any new business plan execution, and cash burn closely, as the stock may face liquidity and going-concern concerns.