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Mcleod Russel India reports net loss of Rs 23.22 core in Q1

03 Aug 2015 Evaluate

Mcleod Russel India reported results for first quarter ended June 30, 2015.

The company has reported a net loss at Rs 23.22 crore for the quarter ended June 30, 2015 as compared to net loss of Rs 32.00 crore for the same quarter in the previous year. However, the company’s total income has increased by 56.66% to Rs 187.27 crore for the quarter under review from Rs 119.54 crore for the corresponding quarter of the previous year.

Mcleod Russel India is the largest tea producing company in the world. In July 2005 McLeod Russel acquired Borelli Tea Holdings from the Magor family based in England and took over the 17 tea gardens of its Indian subsidiary Williamson Tea Assam. McLeod Russel is the largest tea exporter from India with a strong customer base in United Kingdom and Europe.

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52.84 2.51 (4.99%)
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