PLEASE FIND ATTACHED REVISED FIANCIAL RESULTS IN REFFERENCE TO YOUR E MAIL DATED 22ND MAY 25 REGARDING DISCREPANCIES IN FINANCIAL RESULTS DISCREPANCY 1: CONSOLIDATED RESULTS-AUDITORS ....
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Warren Tea Limited has resubmitted its audited standalone and consolidated financial results for Q4 and FY ending March 31, 2025 after fixing an oversight where the last page of the consolidated auditor's report was left out of the earlier filing. For the full year, the company reported nil revenue from operations (it has exited the tea plantation business) and earned ₹446 lakhs as other income (up from ₹331 lakhs last year), mainly from interest, deposits and mutual funds. Standalone profit after tax swung to ₹64 lakhs from a loss of ₹85 lakhs, giving EPS of ₹0.53 vs negative ₹0.71 earlier. Consolidated PAT rose sharply to ₹176 lakhs (vs ₹29 lakhs), with EPS of ₹1.47 vs negative ₹3.04. Cash flow from operations, however, was negative at ₹948 lakhs. The auditor (GARV & Associates) issued an unmodified opinion. Plans for merchant tea exporting remain on hold due to the Ukraine-Russia conflict, and the application for voluntary delisting from the Calcutta Stock Exchange is still pending.
While the headline turnaround to profit looks positive, it is driven entirely by investment and interest income as the company has no operating business, which raises concern about its longer-term viability and ongoing cash burn from operations. The resubmission itself is a procedural fix and the auditor's clean opinion should keep the numbers credible, but shareholders should watch for clarity on the merchant exporting venture and the CSE delisting outcome.