News Details
Category : Company
Headline : James Warren Tea Q1 net profit down 47.79% at Rs 1.89 cr
Date: 16/09/2020 13:00
The company reported standalone net profit of Rs 1.89 crore for the quarter ended June 30, 2020 as compared to Rs 3.62 crore in the same period last year, registering a year-on-year decline of 47.79 per cent.

Net revenue of the company declined substantially by 49.53 per cent at Rs 17.05 crore in April-June quarter of this fiscal as against Rs 33.78 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 45.43 per cent to Rs 15.81 crore from Rs 28.97 crore in year ago period.

Other Income grew by 158.82 per cent at Rs 1.76 crore versus (Jun'19 Rs 0.68 crore).

Operating Profit slipped by 74.43 per cent to Rs 1.23 crore as against Rs 4.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 49.30 per cent in June quarter.

Taxation decreased by 67.29 per cent at Rs 0.35 crore (Jun'19 Rs 1.07 crore).