Categories AlphaGraphs, Consumer, Earnings

The Grob Tea Co Ltd Q1FY24; 17% fall in Profits

Incorporated in 1895, TGTCL produces black tea of crush, tear and curl (CTC) variety, which it sells in the domestic market through a mix of auction and private sales. The company was taken over by the current management – the Rawalwasia Group in May 2009.

Financial Results:

The Grob Tea Co Ltd reported Revenues for Q1FY24 of ₹20.96 Crores up from ₹17.59 Crore year on year, a rise of 19.16%.

Total Expenses for Q1FY24 of ₹20.15 Crores up from ₹15.41 Crores year on year, a rise of 30.76%.

Consolidated Net Profit of ₹2.32 Crores down 17.44% from ₹2.81 Crores in the same quarter of the previous year.

The Earnings per Share is ₹19.96, down 17.45% from ₹24.18 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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