Mcleod Russel India reports marginal fall in Q2 net profit

Mcleod Russel India has reported results for second quarter ended September 30, 2015.

The company has reported 2.27% fall in its net profit at Rs 216.48 crore for the quarter ended September 30, 2015 as compared to Rs 221.50 crore for the same quarter in the previous year. However, the total income of the company has increased by 5.10% at Rs 531.67 crore for the quarter under review as compared to Rs 505.88 crore in 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.