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The Grob Tea Company Q4 FY25 results: net loss widens to ₹19.15 crore, revenue up 4.7%
The Grob Tea Company Limited reported a standalone Q4 FY25 net loss of ₹19.15 crore, wider than the ₹13.97 crore loss in Q4 FY24, as revenue of ₹16.14 crore did not cover total expenses of ₹36.02 crore. For the full year, revenue rose 18.6% to ₹118.51 crore and profit after tax turned to ₹10.06 crore from a loss of ₹0.01 crore in FY24.
Key points
- Q4 FY25 revenue was ₹16.14 crore, up 4.7% from ₹15.41 crore in Q4 FY24 but down 40.0% from ₹26.91 crore in Q3 FY25.
- Q4 FY25 EBITDA was a loss of ₹18.41 crore on a margin of -114.1%, against a loss of ₹13.63 crore and a margin of -88.4% a year earlier.
- The Q4 FY25 net loss was ₹19.15 crore and basic EPS was -₹164.73, against a net loss of ₹13.97 crore and basic EPS of -₹120.19 in Q4 FY24.
- FY25 revenue rose 18.6% to ₹118.51 crore and profit after tax was ₹10.06 crore, against a loss of ₹0.01 crore in FY24.
- The board approved a dividend of ₹3 per share for FY25 and an unmodified audit opinion with an emphasis of matter on the LED Light business.
How did The Grob Tea Company perform in Q4 FY25?
The Grob Tea Company reported standalone revenue of ₹16.14 crore in Q4 FY25, the January–March 2025 quarter, against ₹15.41 crore in Q4 FY24 and ₹26.91 crore in Q3 FY25. Total income was ₹18.96 crore, up 14.5% from ₹16.56 crore a year earlier and down 32.3% from ₹27.99 crore in the previous quarter. The company approved and filed audited standalone results for the quarter and year ended 31 March 2025.
EBITDA for the quarter was a loss of ₹18.41 crore, with a margin of -114.1%, compared with a loss of ₹13.63 crore and a margin of -88.4% in Q4 FY24 and EBITDA of ₹0.66 crore at a 2.5% margin in Q3 FY25. Loss before tax was ₹17.07 crore against ₹13.83 crore a year earlier and profit of ₹0.65 crore in the previous quarter. Net loss for the quarter was ₹19.15 crore and basic EPS was -₹164.73, against a net loss of ₹13.97 crore and basic EPS of -₹120.19 in Q4 FY24.
| ₹ crore | Q4 FY25 | Q3 FY25 | Q4 FY24 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 16.14 | 26.91 | 15.41 | +4.7% | −40.0% |
| Other income | 2.82 | 1.08 | 1.15 | +145.2% | +161.1% |
| Total expenses | 36.02 | 27.34 | 30.39 | +18.5% | +31.7% |
| EBITDA | −18.41 | 0.66 | −13.63 | turned to loss | |
| EBITDA margin | -114.1% | 2.5% | -88.4% | −25.7 pp | −116.6 pp |
| Profit before tax | −17.07 | 0.65 | −13.83 | turned to loss | |
| Tax | 2.08 | 0 | 0.14 | +1385.7% | |
| Net profit | −19.15 | 0.65 | −13.97 | turned to loss | |
| EPS (₹) | −164.73 | 5.60 | −120.19 | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in The Grob Tea Company's costs and profit?
Total expenses rose 18.5% to ₹36.02 crore in Q4 FY25 from ₹30.39 crore in Q4 FY24, while revenue increased by ₹0.73 crore. The main movement was in other expenses, which rose 75.8% by ₹4 crore to ₹9.28 crore. Employee cost was ₹12.34 crore, up ₹0.39 crore or 3.3%, and finance costs were ₹0.27 crore, up ₹0.12 crore or 80.0%. Depreciation was unchanged at ₹1.21 crore.
Other income was ₹2.82 crore in Q4 FY25, up ₹1.67 crore or 145.2% from ₹1.15 crore a year earlier. There was no exceptional item. Tax was ₹2.08 crore, up ₹1.94 crore from ₹0.14 crore in Q4 FY24, and the net loss widened by ₹5.18 crore to ₹19.15 crore. Against Q3 FY25, total expenses were ₹8.68 crore higher, other income was ₹1.74 crore higher and employee cost was ₹4.40 crore lower.
| ₹ crore | Q4 FY25 | Q4 FY24 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.15 | 0 | +0.15 | |
| Employee cost | 12.34 | 11.95 | +0.39 | +3.3% |
| Finance costs | 0.27 | 0.15 | +0.12 | +80.0% |
| Depreciation | 1.21 | 1.21 | 0 | +0.0% |
| Other expenses | 9.28 | 5.28 | +4 | +75.8% |
| Total expenses | 36.02 | 30.39 | +5.63 | +18.5% |
| Other income | 2.82 | 1.15 | +1.67 | +145.2% |
| Tax | 2.08 | 0.14 | +1.94 | +1385.7% |
Source: Company's results filing (XBRL).
How did The Grob Tea Company do in FY25 as a whole?
For FY25, revenue was ₹118.51 crore, up 18.6% from ₹99.96 crore in FY24, and total income was ₹125.87 crore, up 20.9% from ₹104.07 crore. Profit before tax was ₹12.14 crore, up ₹12.01 crore from ₹0.13 crore a year earlier.
Profit after tax for FY25 was ₹10.06 crore, compared with a loss of ₹0.01 crore in FY24. EPS was ₹86.52 in FY25 against -₹0.06 in FY24. The full-year result was reported on a standalone basis along with the audited results for the quarter and year ended 31 March 2025.
| ₹ crore | FY25 | FY24 | Change |
|---|---|---|---|
| Revenue from operations | 118.51 | 99.96 | +18.6% |
| Profit before tax | 12.14 | 0.13 | +9238.5% |
| Net profit | 10.06 | −0.01 | turned to profit |
| EPS (₹) | 86.52 | −0.06 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2025, total assets were ₹123.98 crore against ₹144.49 crore at 30 September 2024, and total equity was ₹87.76 crore against ₹107.88 crore. Borrowings stood at ₹18.34 crore compared with ₹17.48 crore, while cash was ₹0.32 crore against ₹0.46 crore. Inventories were ₹11.02 crore against ₹22.95 crore, trade receivables ₹3.02 crore against ₹16.0 crore, and trade payables ₹1.9 crore against no amount recorded at the earlier date.
For FY25, operating cash flow was ₹16.0 crore, against ₹1.59 crore in FY24. Investing cash flow was an outflow of ₹23.53 crore against an inflow of ₹2.19 crore, financing cash flow was an inflow of ₹7.71 crore against an outflow of ₹3.82 crore, and capital expenditure was ₹6.97 crore against ₹7.77 crore. Closing cash for FY24 was ₹0.14 crore.
| ₹ crore | As of 31 March 2025 | As of 30 September 2024 |
|---|---|---|
| Total assets | 123.98 | 144.49 |
| Total equity | 87.76 | 107.88 |
| Borrowings | 18.34 | 17.48 |
| Cash and equivalents | 0.32 | 0.46 |
| Inventories | 11.02 | 22.95 |
| Trade receivables | 3.02 | 16 |
Source: Company's results filing (XBRL).
| ₹ crore | FY25 | FY24 |
|---|---|---|
| Cash from operations | 16 | 1.59 |
| Cash from investing | −23.53 | 2.19 |
| Cash from financing | 7.71 | −3.82 |
| Capital expenditure | 6.97 | 7.77 |
Source: Company's results filing (XBRL).
How has The Grob Tea Company done over the last 8 quarters?
Revenue over the last eight quarters peaked at ₹51.5 crore in Q2 FY25 and was lowest at ₹15.41 crore in Q4 FY24, before recovering to ₹16.14 crore in Q4 FY25. Profit after tax peaked at ₹23.43 crore in Q2 FY25 and bottomed at -₹19.15 crore in Q4 FY25, against -₹13.97 crore in Q4 FY24.
The EBITDA margin followed the same path, reaching 43.7% in Q2 FY25 and falling to -114.1% in Q4 FY25, after -88.4% in Q4 FY24. After Q3 FY25 showed revenue of ₹26.91 crore, profit of ₹0.65 crore and a 2.5% margin, the latest quarter moved lower on all three measures.
Which businesses drove the quarter?
The reported Tea segment recorded revenue of ₹16.14 crore in Q4 FY25, up 4.7% from ₹15.41 crore in Q4 FY24. Segment EBIT was a loss of ₹14.42 crore against a loss of ₹13.93 crore a year earlier, with an EBIT margin of -89.3%.
The reported LED Light segment had no revenue in Q4 FY25 against no revenue in Q4 FY24, and EBIT of no amount against a loss of no amount in the year-ago quarter.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Tea | 16.14 | +4.7% | −14.42 | -89.3% |
| Tea | 16.14 | +4.7% | −14.42 | -89.3% |
| LED Light | 0 | 0 | ||
| LED Light | 0 | 0 |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved a dividend of ₹3 per share for the financial year ended 31 March 2025, and fixed 5 August 2025 as the record date for the final dividend, subject to member approval at the annual general meeting. The register of members and share transfer books were to remain closed from 6 August 2025 to 12 August 2025, with the annual general meeting scheduled for 12 August 2025.
The board approved the re-appointment of Mukesh Kumar Agarwal as whole-time director for three years from 1 June 2025 and the re-appointment of Niraj Kumar Harodia as non-executive independent director for a second term of five years from 30 December 2025, both subject to shareholder approval. It also appointed MR & Associates as secretarial auditor for FY2025-26 to FY2029-30, A. R. Maiti & Co as internal auditor for FY2025-26, and Dipak Lal & Associates as cost auditor for FY2025-26.
What did the auditors point out?
The statutory auditor issued an unmodified opinion on the audited financial results, with an emphasis of matter on the LED Lights business. The auditors noted that the company entered the LED Lights business in an earlier year and made no sale of LED products during the last five years, and that total investment in the business as on 31 March 2025 was ₹356.15 lakhs, including stocks, advances and receivables.
The auditors stated that management is confident of recovery of the said amount in due course and that no further provision was considered necessary for any possible losses arising on this account, and that their conclusion was not modified in respect of the above matter. The audit report also describes the procedures for evaluating the appropriateness of the Board of Directors' use of the going concern basis of accounting and the related disclosures.
How did The Grob Tea Company shares react?
The filing appeared after market hours. From the price at which the filing appeared, the stock was down 3.8% after 5 minutes and down 2.5% after 15 minutes, while it was unchanged after 30 minutes. On the reaction day, the stock closed 6.2% lower from the previous close of ₹1,072.0, against a 0.5% fall for the median Tea & Coffee stock.
By the next day's close, the stock was down 5.4% from the pre-results close, and it was down 6.9% by the close five sessions later. The industry median was down 1.6% over one day and down 1.3% over five days, so the stock underperformed the sector by 3.9 percentage points over one day and 5.7 percentage points over five days. On earlier results days, the stock had fallen 1.5% on 13 February 2025, risen 4.9% on 13 November 2024 and risen 13.2% on 22 May 2024.
| After the filing | Stock | Tea & Coffee median |
|---|---|---|
| 5 minutes | −3.8% | |
| 15 minutes | −2.5% | |
| 30 minutes | +0.0% | |
| Reaction day | −6.2% | −0.5% |
| Next day | −5.4% | −1.6% |
| 5 days | −6.9% | −1.3% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 13 February 2025 | −1.5% |
| 13 November 2024 | +4.9% |
| 22 May 2024 | +13.2% |
Source: MarketPing price-reaction measurement.
How did other Tea & Coffee companies do?
Twenty-four other Tea & Coffee companies filed for the quarter, with a median revenue growth of 14.6%. Eleven peers grew revenue more slowly than The Grob Tea Company and 13 grew faster than it, against the company's 4.7% revenue growth in Q4 FY25. Out of 26 peers compared for profit, 15 reported higher profit.
| The Grob Tea Company revenue growth (YoY) | +4.7% |
|---|---|
| Median of 24 other Tea & Coffee companies | +14.6% |
| Companies with slower revenue growth than The Grob Tea Company | 11 of 24 |
| Companies with faster revenue growth than The Grob Tea Company | 13 of 24 |
| Companies whose net profit rose | 15 of 26 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was The Grob Tea Company's revenue in Q4 FY25?
Revenue from operations was ₹16.14 crore, up 4.7% from ₹15.41 crore in Q4 FY24 (standalone).
Did The Grob Tea Company make a profit in Q4 FY25?
No. It reported a net loss of ₹19.15 crore, against a net loss of ₹13.97 crore in Q4 FY24.
What was The Grob Tea Company's EPS in Q4 FY25?
Basic loss per share was ₹164.73, against a loss of ₹120.19 in Q4 FY24.
How did The Grob Tea Company shares react to the Q4 FY25 results?
On the reaction day the stock moved −6.2% from the previous close; the median Tea & Coffee stock moved −0.5%.
When did The Grob Tea Company announce its Q4 FY25 results?
On 22 May 2025, in a filing to the NSE.
Sources
- Dividend (NSE, 22 May 2025) · PDF
- Outcome of Board Meeting (NSE, 22 May 2025) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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