UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 TH JUNE,2025
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Warren Tea Limited reported its Q1 FY26 results with zero revenue from operations, which is highly unusual for a tea company. Other income fell sharply to ₹85 lakhs from ₹446 lakhs in Q1 FY25, an ~81% decline. On a standalone basis, the company swung to a loss of ₹46 lakhs (vs profit of ₹64 lakhs), with basic EPS at ₹(0.38). The auditor drew attention to the non-ascertainment of income tax liability (current and deferred) pending year-end assessment. On a consolidated basis, the company posted a profit of ₹75 lakhs (EPS ₹0.63), supported by a ₹121 lakh share of profit from its associate, Maple Hotels & Resorts Limited. Most importantly, the Board has approved a draft Scheme of Amalgamation of Warren Tea into Maple Hotels & Resorts Limited, effective from 1 April 2025, subject to shareholder, NCLT, and stock exchange approvals.
The biggest takeaway for shareholders is the proposed merger into Maple Hotels & Resorts, which is subject to multiple regulatory and shareholder approvals—this will be the key catalyst to watch. Operationally, the company shows no business revenue and shrinking other income, reinforcing why shareholders may prefer the merger route. The scheme, if approved, will determine the real value realization for shareholders.