Harrisons Malayalam's Q1 FY 2025-26 Quarterly Results

Result Summary

• Harrisons Malayalam Ltd reported a 16.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 18.0%.
• Its expenses for the quarter were down by 22.0% QoQ and up 6.2% YoY.
• The net profit decreased 162.3% QoQ and decreased 206.2% YoY.
• The earnings per share (EPS) of Harrisons Malayalam Ltd stood at 3.2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Harrisons Malayalam Ltd is a company operating primarily in the agribusiness sector. Historically, it has been involved in the cultivation and processing of plantation crops such as tea and rubber, with a significant presence in the southern regions of India. The company is known for its large-scale plantation operations, and it has a diversified portfolio that includes the cultivation of other crops as well. As of the data available, there are no specific recent major developments noted for Harrisons Malayalam Ltd.

Revenue

In Q1FY26, Harrisons Malayalam Ltd reported a total income of ₹119.25 crores, compared to ₹143.37 crores in Q4FY25, indicating a decrease of 16.8% quarter-over-quarter (QoQ). However, when compared to Q1FY25, where the total income was ₹101.10 crores, there is an increase of 18.0% year-over-year (YoY). This fluctuation in revenue suggests a dynamic performance over the periods, with notable growth in income over the year despite a decline when compared to the previous quarter.

Profitability

The financial data for Q1FY26 shows a remarkable turnaround in profitability for Harrisons Malayalam Ltd, with a profit before tax (PBT) of ₹5.96 crores. This is a significant improvement over the loss of ₹9.56 crores reported in Q4FY25, reflecting a QoQ change of -162.3%. Compared to the same quarter last year (Q1FY25), which also saw a loss of ₹5.61 crores, the YoY change is -206.2%. The profit after tax (PAT) mirrors the PBT, with a similar improvement pattern. Earnings per share (EPS) are aligned with these results, increasing from a negative ₹5.20 in the previous quarter to ₹3.20 in Q1FY26, representing a significant improvement YoY as well.

Operating Metrics

The operating performance of Harrisons Malayalam Ltd in Q1FY26 can be observed through its expense management. Total expenses were reduced to ₹113.30 crores from ₹145.34 crores in Q4FY25, reflecting a reduction of 22.0% QoQ. This reduction in expenses has contributed to the improved profitability figures, even as total income decreased QoQ. Comparing this to Q1FY25, where expenses were ₹106.71 crores, there is an increase of 6.2% YoY. The absence of tax expenses is consistent across all quarters, suggesting a potential benefit or strategic tax management approach by the company.