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Rossell India LimitedResults, 19-12-2024: Reply to Clarification- Financial results

19-12-2024 | 03:08 pm

**Rossell India Limited - Financial Summary**

Rossell India Limited reported its consolidated financial results for the quarter and half-year ended 30th September 2024, following the demerger of Rossell Techsys Division. The company achieved revenues of ₹80.23 crore, reflecting robust growth from ₹64.16 crore in the previous year, marking a **25.12% increase**. This growth can largely be attributed to increased demand in the tea segment and operational improvements following the restructuring.

Net profit stood at ₹15.66 crore, compared to ₹10.21 crore a year ago, signifying a **53.42% year-over-year increase**. The Earnings Per Share (EPS) increased to ₹3.92 from ₹2.56, an excellent sign of profitability enhancement. Efforts to control operational costs contributed to this improved profitability, with operational expenses rising moderately by **12.5%** due to investments in production efficiency.

Examining the balance sheet, total assets were reported at ₹331.71 crore, with total liabilities of ₹185.07 crore, indicating a positive net worth and healthy financial leverage. The company’s cash flow position remains solid, with operational cash flows supporting further expansion in the tea sector.

Strategically, the focus remains on enhancing production capabilities and market penetration in both domestic and international markets. The positive market sentiment and increased share value post-demerger position Rossell India well for future growth.

Investor sentiment appears favorable, suggesting a **buy** insight based on solid growth, improved profitability, and a promising outlook for the tea business.

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