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United Nilgiri Tea Estates Q1 Results, Revenue Rises to ₹2295.60 Lakhs with a Net Profit of ₹372.39 Lakhs

United Nilgiri Tea Estates Q1 Results for the 2024-2025 fiscal year were announced, showing a rise in revenue to ₹2295.60 lakhs and a net profit of ₹372.39 lakhs, reflecting steady growth in their performance as revealed in the United Nilgiri Tea Estates Q1 Results.

by P Nandhini

Updated Aug 14, 2024

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United Nilgiri Tea Estates Q1 Results, Revenue Rises to ₹2295.60 Lakhs with a Net Profit of ₹372.39 Lakhs

In the first quarter of the 2024-2025 financial year, United Nilgiri Tea Estates Co. (UNITEA) reported strong financial performance. The company's revenue from operations reached ₹2,295.60 lakhs, showing an increase compared to the previous quarter's ₹2,189.33 lakhs.

This rise reflects a steady growth in their tea production and sales. Additionally, their total income, which includes both revenue and other income, was ₹2,494.56 lakhs, up from ₹2,414.25 lakhs in the previous quarter. This boost indicates that UNITEA is maintaining its position as a leading player in the tea industry.

UNITEA's expenses also saw a rise, with total expenses amounting to ₹2,058.30 lakhs, compared to ₹2,003.49 lakhs in the last quarter. Despite this increase in costs, the company managed to achieve a profit before tax of ₹436.26 lakhs.

The net profit for the quarter was ₹372.39 lakhs, reflecting their successful efforts to manage expenses and enhance profitability. Overall, the financial results demonstrate UNITEA's continued growth and robust performance in the tea market, supported by its strong revenue and controlled costs.

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United Nilgiri Tea Estates Q1 Results 2024- 2025

Here's a table showing United Nilgiri Tea Estates Co.'s financial results for the first quarter of the 2024-2025 fiscal year. 

Particulars

30.06.2024 (Unaudited)

31.03.2024 (Unaudited) 30.06.2023 (Unaudited)
Revenue from Operations ₹2,295.60 lakhs ₹2,189.33 lakhs ₹1,935.84 lakhs
Other Income ₹198.96 lakhs ₹224.92 lakhs ₹197.20 lakhs
Total Income ₹2,494.56 lakhs ₹2,414.25 lakhs ₹2,133.04 lakhs
Cost of Materials Consumed ₹546.05 lakhs ₹505.39 lakhs ₹563.44 lakhs
Changes in Value of Finished Goods ₹58.00 lakhs ₹259.22 lakhs (₹270.69 lakhs)
Employee Benefits Expense ₹540.59 lakhs ₹607.85 lakhs ₹650.25 lakhs
Finance Cost ₹1.93 lakhs ₹2.24 lakhs ₹2.56 lakhs
Depreciation and Amortization Expense ₹86.46 lakhs ₹86.93 lakhs ₹88.15 lakhs
Other Expenses ₹825.28 lakhs ₹541.86 lakhs ₹503.53 lakhs
Total Expenses ₹2,058.30 lakhs ₹2,003.49 lakhs ₹1,537.24 lakhs
Profit before Tax ₹436.26 lakhs ₹410.76 lakhs ₹595.80 lakhs
Tax Expense ₹63.87 lakhs ₹105.83 lakhs ₹111.92 lakhs
Net Profit ₹372.39 lakhs ₹304.93 lakhs ₹483.88 lakhs
Other Comprehensive Income (Net of Tax)      
- Items Reclassified to Profit or Loss ₹10.09 lakhs ₹7.45 lakhs ₹9.68 lakhs
- Items Not Reclassified to Profit or Loss (₹88.28 lakhs) ₹6.10 lakhs ₹96.18 lakhs
Total Comprehensive Income ₹382.48 lakhs ₹216.65 lakhs ₹580.06 lakhs
Paid-up Equity Share Capital ₹499.66 lakhs ₹499.66 lakhs ₹499.66 lakhs
Earnings per Share ₹7.45 ₹6.10 ₹9.68

Source: Click Here

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United Nilgiri Tea Estates Current Market Overview

United Nilgiri Tea Estates is currently trading at ₹419 per share, which is a small drop of 0.71%. United Nilgiri Tea Estates has a market value of ₹209 crore and its stock price has ranged from ₹465 to ₹292 over recent times.

United Nilgiri Tea Estates's price-to-earnings ratio is 14.0, indicating its valuation compared to earnings. It has a book value of ₹409 per share and offers a dividend yield of 0.24%. United Nilgiri Tea Estates has a return on capital employed of 10.5% and a return on equity of 8.20%, with each share having a face value of ₹10.

Metric Value
Current Price ₹419
Change (%) -0.71%
Market Capitalization ₹209 Cr.
High / Low Price ₹465 / ₹292
Stock P/E Ratio 14.0
Book Value ₹409
Dividend Yield 0.24%
ROCE (Return on Capital Employed) 10.5%
ROE (Return on Equity) 8.20%
Face Value ₹10.0
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Quarterly Results

For the quarters ending December 2023, March 2024, and June 2024, the following financial metrics are reported:

Metric Dec 2023 Mar 2024 Jun 2024
Sales (₹ Cr) 23.60 21.89 22.96
Expenses (₹ Cr) 19.04 19.14 19.70
Operating Profit (₹ Cr) 4.56 2.75 3.26
Operating Profit Margin (OPM %) 19.32% 12.56% 14.20%
Other Income (₹ Cr) 1.85 2.25 1.99
Interest (₹ Cr) 0.03 0.02 0.02
Depreciation (₹ Cr) 0.87 0.87 0.86
Profit Before Tax (₹ Cr) 5.51 4.11 4.37
Tax % 22.32% 25.79% 14.65%
Net Profit (₹ Cr) 4.28 3.05 3.72
EPS (₹) 8.57 6.10 7.45
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About United Nilgiri Tea Estates

United Nilgiri Tea Estates Co. (UNITEA) is a prominent tea company located in the Nilgiri mountains of Southern India, where it has been producing high-quality teas since 1922. The company manages several tea estates at elevations of 6,000 to 8,000 feet, including Allada, Korakundah, Devabetta, and Chamraj.

UNITEA is known for its exceptional teas, including unique varieties like Frost tea and Golden Tips. The company began exporting teas in 1984 and has been a leader in organic tea production since 1994.

As part of the Amalgamations Group, UNITEA emphasizes the well-being of its workforce and strives for continuous improvement in tea quality and global leadership.


United Nilgiri Tea Estates Q1 Results - FAQs

1. What is the revenue from operations for United Nilgiri Tea Estates in Q1 2024-2025?  

The revenue from operations is ₹2,295.60 lakhs.

2. How does United Nilgiri Tea Estates' Q1 2024-2025 revenue compare to the previous quarter?  

It increased from ₹2,189.33 lakhs in the previous quarter.

3. What is the total income of United Nilgiri Tea Estates for Q1 2024-2025?  

The total income is ₹2,494.56 lakhs.

4. What were the total expenses for United Nilgiri Tea Estates in Q1 2024-2025?  

The total expenses were ₹2,058.30 lakhs.

5. How much did United Nilgiri Tea Estates earn before tax in Q1 2024-2025?  

The profit before tax was ₹436.26 lakhs.

6. What is the net profit for United Nilgiri Tea Estates in Q1 2024-2025?  

The net profit is ₹372.39 lakhs.

7. Did United Nilgiri Tea Estates see a rise in their total income from the previous quarter?  

Yes, the total income rose from ₹2,414.25 lakhs to ₹2,494.56 lakhs.

8. What is the earnings per share (EPS) for United Nilgiri Tea Estates in Q1 2024-2025?  

The EPS is ₹7.45.

9. What is the total comprehensive income for United Nilgiri Tea Estates in Q1 2024-2025?  

The total comprehensive income is ₹382.48 lakhs.

10. What is the paid-up equity share capital for United Nilgiri Tea Estates?  

The paid-up equity share capital is ₹499.66 lakhs.

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