Key Financial Performance - Standalone
Quarter Ended September 30, 2026:
- Revenue from operations: ₹269.34 crore (vs ₹203.00 crore in Q1 FY2027, ₹263.53 crore in Q2 FY2026)
- Total Income: ₹270.96 crore
- Net Profit after Tax: ₹17.54 crore (vs loss of ₹6.18 crore in Q1 FY2027, profit of ₹19.05 crore in Q2 FY2026)
- EPS: ₹6.07 (vs ₹(2.14) in Q1 FY2027, ₹6.60 in Q2 FY2026)
Half Year Ended September 30, 2026:
- Revenue from operations: ₹472.34 crore (vs ₹450.45 crore in H1 FY2026)
- Net Profit after Tax: ₹11.36 crore (vs ₹9.62 crore in H1 FY2026)
- EPS: ₹3.93 (vs ₹3.33 in H1 FY2026)
Segment-wise Performance - Standalone
Q2 FY2027 Revenue:
- Tea: ₹148.48 crore
- P&K Fertilizers: ₹52.88 crore
- Sugar: ₹67.98 crore
Q2 FY2027 Segment Results:
- Tea: Profit of ₹28.13 crore
- P&K Fertilizers: Profit of ₹7.88 crore
- Sugar: Loss of ₹6.71 crore
Consolidated Financial Performance
Quarter Ended September 30, 2026:
- Revenue from operations: ₹273.15 crore
- Net Profit after Tax: ₹16.62 crore
- EPS: ₹5.76
Half Year Ended September 30, 2026:
- Revenue from operations: ₹479.32 crore
- Net Profit after Tax: ₹10.68 crore
- EPS: ₹3.70
Financial Position
As of September 30, 2026 (Standalone):
- Total Assets: ₹1,011.92 crore (vs ₹933.19 crore as of March 31, 2026)
- Total Equity: ₹391.19 crore
- Total Liabilities: ₹620.73 crore
- Cash and Cash Equivalents: ₹11.21 crore (vs ₹1.38 crore as of March 31, 2026)
Cash Flow Statement - Standalone
H1 FY2027:
- Net cash from operating activities: ₹48.78 crore
- Net cash used in investing activities: ₹(40.06) crore
- Net cash from financing activities: ₹1.11 crore
- Net increase in cash: ₹9.83 crore
Auditor's Review and Qualified Opinion
The auditors, Singhi & Co., issued a qualified opinion noting that the company has not ascertained/provided for income tax liability (current and deferred) during the quarter and half-year ended September 30, 2026, which in their view is not in accordance with Ind AS 12 "Income Taxes". The impact of this non-provisioning is not ascertainable.
Tax Matters
The company has not provided current or deferred tax for the quarter/half-year as it is difficult to estimate taxable profit for the year, and tax will be provided at year-end. The company has carried forward Deferred Tax Assets (net) of ₹52.22 crore (standalone) and ₹57.02 crore (consolidated) primarily towards unabsorbed depreciation and business losses incurred till March 31, 2026.
Seasonal Nature of Business
The document notes that tea and sugar industries are seasonal in nature, and quarterly results are not indicative of likely annual results.
Board Meeting Details
The Board meeting commenced at 11:30 AM and concluded at 2:20 PM on November 13, 2026.
Subsidiaries Included in Consolidation
The consolidated results include:
- Bidhannagar Tea Company Private Limited (Direct Subsidiary)
- Basant Stays Private Limited (Direct Subsidiary)
- Birla Holdings Limited (Direct Subsidiary)
- Kiura Tea Company Limited (Subsidiary of BHL)
- Bondo Tea Estates Limited (Subsidiary of KTCL)