Rossell India Ltd Q2FY24; 33% fall in Profits

Rossell India Ltd was incorporated in 1994 by Mr. H.M. Gupta as Rossell Tea Ltd. It added Aviation and Defence manufacturing and service capabilities for its growth. On 19th April 2011, the company named itself Rossell India Ltd to represent its diverse business. The company has two divisions, namely Tea and Aerospace Defence (Engineering, Manufacturing, and Services). It has spent 27 years in the Tea division and 9 years in the A&D division. The company’s promoter has around three decades of experience in the tea industry. In FY 2013, the company entered the hospitality division but was discontinued from October 1, 2019.

Financial Results:

Rossell India Ltd reported Revenues for Q2FY24 of ₹119.00 Crores same from ₹119.00 Crore year on year.

Total Expenses for Q2FY24 of ₹92.00 Crores up from ₹79.00 Crores year on year, a rise of 16.46%.

Consolidated Net Profit of ₹24.00 Crores down 33.33% from ₹36.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.48, down 34.41% from ₹9.88 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.