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Mcleod Russel reports 35% surge in Q1 net profit

27 Jul 2013 Evaluate

Mcleod Russel India has reported results for first quarter ended June 30, 2013.

The company has reported 35.73% rise in its net profit after tax at Rs 26.21 crore for the quarter as compared to Rs 19.31 crore for the same quarter in the previous year. Total income from operations of the company has increased by 21.12% at Rs 191.73 crore for the quarter under review as compared to Rs 158.29 crore for the quarter ended June 30, 2012.

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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