Harrisons Malayalam Reports Profit in Q1 FY26, Revenue Up; Ms. Rusha Mitra Appointed Board Chairperson
The announcement includes quarterly financial results showing a shift from loss to profit and revenue growth, which is a major financial update. Additionally, significant board appointments, including a new Chairperson, are disclosed, indicating important corporate governance changes.
The company reported a significant turnaround from a net loss to a net profit year-over-year for the quarter, coupled with an increase in revenue from operations. Both the Tea and Rubber segments showed improved profitability.
Harrisons Malayalam Limited announced its unaudited financial results for the quarter ended June 30, 2025, alongside key board decisions approved on August 8, 2025.
* Financial Performance (Q1 FY26 vs. Q1 FY25): * The company reported a standalone profit before tax of ₹5.96 crore (₹596.44 lakhs) for Q1 FY26, a significant turnaround from a loss of ₹5.61 crore (₹561.20 lakhs) in Q1 FY25. * Consolidated profit before tax also improved to ₹5.96 crore (₹596.29 lakhs) from a loss of ₹5.61 crore (₹561.43 lakhs) in the same period last year. * Revenue from operations increased to ₹116.46 crore (₹11,645.94 lakhs) in Q1 FY26 from ₹97.66 crore (₹9,765.85 lakhs) in Q1 FY25 (both standalone and consolidated). * Basic Earnings Per Share (EPS) turned positive at ₹3.23 for Q1 FY26, compared to ₹(3.04) in Q1 FY25. * Segment-wise, the Tea segment moved from a loss to a profit of ₹3.84 crore (₹384.35 lakhs), and the Rubber segment saw improved profits of ₹5.15 crore (₹514.87 lakhs).
* Board Decisions: * Ms. Rusha Mitra (DIN: 08402204) has been re-appointed as an Independent Director for a second term of five years, effective February 11, 2026, subject to shareholder approval. * She has also been appointed as the Chairperson of the Board from August 8, 2025, until October 1, 2025. * M/s. SEP & Associates, Practising Company Secretaries, Cochin, were appointed as Secretarial Auditors for five consecutive years, commencing from FY 2025-26 to FY 2029-30, subject to shareholder approval. * The 48th Annual General Meeting will be convened as per directives, with details to be intimated separately.
* Management Comment: The company acknowledged that current liabilities exceeded current assets as of June 30, 2025, but affirmed its capability to meet financial obligations based on expected future cash flows and sanctioned/unutilized credit facilities.
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Harrisons Malayalam Limited filed this with the NSE as a statutory disclosure, categorised under results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Harrisons Malayalam Limited. Read the original for the full detail.