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Harrisons Malayalam is currently trading at Rs. 65.70, up by 8.10 points or 14.06% from its previous closing of Rs. 57.60 on the BSE.The scrip opened at Rs. 58.25 and has touched a high and low of Rs. 69.10 and Rs. 54.95 respectively. So far 112780 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 106.00 on 19-Sep-2018 and a 52 week low of Rs. 44.10 on 23-Aug-2019.Last one week high and low of the scrip stood at Rs. 69.10 and Rs. 53.50 respectively. The current market cap of the company is Rs. 120.88 crore.The promoters holding in the company stood at 50.30%, while Institutions and Non-Institutions held 0.79% and 48.91% respectively.The other top gainers of group ‘B’ on the BSE were Gillanders Arbuthnot & Co up by 12.65%, Jay Shree Tea & Industries up by 10.81% and Dhunseri Tea & Industries was up by 9.89%.
Revenue reduced marginally to stand at Rs. 773.84 millions during the quarter ended June 2019. The figure stood at Rs. 775.24 millions during the year-ago period.The Net Loss for the quarter ended June 2019 is Rs. -67.83 millions as compared to Net Loss of Rs. -49.24 millions of corresponding quarter ended June 2018 Operating profit Margin for the quarter ended June 2019 further decreased to -18.45% as compared to -9.71% of corresponding quarter ended June 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 773.84 775.24 -0.18 773.84 775.24 -0.18 3537.48 3833.14 -7.71 Other Income 12.87 15.63 -17.66 12.87 15.63 -17.66 61.53 87.27 -29.49 PBIDT -18.45 -9.71 90.01 -18.45 -9.71 90.01 -59.41 212.91 -127.90 Interest 39.49 30.39 29.94 39.49 30.39 29.94 139.91 126.76 10.37 PBDT -57.94 -40.10 44.49 -57.94 -40.10 44.49 -199.33 86.13 -331.43 Depreciation 9.89 9.14 8.21 9.89 9.14 8.21 41.57 41.62 -0.12 PBT -67.83 -49.24 37.75 -67.83 -49.24 37.75 -240.90 44.51 -641.23 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -67.83 -49.24 37.75 -67.83 -49.24 37.75 -240.90 44.51 -641.23 Equity 184.54 184.54 0.00 184.54 184.54 0.00 184.54 184.54 0.00 PBIDTM(%) -2.38 -1.25 90.36 -2.38 -1.25 90.36 -1.68 5.55 -130.24
The quarter ended June 2018 witnessed marginal change in the total revenue. The figure for the mentioned quarter is pegged at Rs. 775.24 millions.The Net Loss for the quarter ended June 2018 is Rs. -49.24 millions as compared to Net Loss of Rs. -2.36 millions of corresponding quarter ended June 2017Operating profit Margin for the quarter ended June 2018 slipped to -9.71% as compared to 38.98% of corresponding quarter ended June 2017 (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 775.24 768.91 0.82 775.24 768.91 0.82 3833.14 3666.40 4.55 Other Income 15.63 16.72 -6.52 15.63 16.72 -6.52 87.27 53.84 62.09 PBIDT -9.71 38.98 -124.91 -9.71 38.98 -124.91 212.91 186.77 14.00 Interest 30.39 30.94 -1.78 30.39 30.94 -1.78 126.77 138.72 -8.61 PBDT -40.10 8.04 -598.76 -40.10 8.04 -598.76 86.12 94.59 -8.95 Depreciation 9.14 10.40 -12.12 9.14 10.40 -12.12 41.62 50.10 -16.93 PBT -49.24 -2.36 1986.44 -49.24 -2.36 1986.44 44.51 44.49 0.04 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -49.24 -2.36 1986.44 -49.24 -2.36 1986.44 44.51 44.49 0.04 Equity 184.54 184.54 0.00 184.54 184.54 0.00 184.54 184.50 0.02 PBIDTM(%) -1.25 5.07 -124.71 -1.25 5.07 -124.71 5.55 5.09 9.07
The revenue for the December 2017 quarter is pegged at Rs. 1067.14 millions, about 7.97% up against Rs. 988.38 millions recorded during the year-ago period.The Company`s Net profit for the December 2017 quarter have declined marginally to Rs. 50.91 millions as against Rs. 51.04 millions reported during the corresponding quarter ended.Operating Profit reported a sharp decline to 92.89 millions from 99.44 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 1067.14 988.38 7.97 2760.88 2584.82 6.81 3666.40 2854.40 28.45 Other Income 13.96 10.87 28.43 46.28 37.35 23.91 53.80 31.60 70.25 PBIDT 92.89 99.44 -6.59 182.04 135.79 34.06 90.00 -296.90 -130.31 Interest 31.21 36.60 -14.73 93.14 107.30 -13.20 138.70 142.00 -2.32 PBDT 61.68 62.84 -1.85 88.88 60.90 45.94 -2.10 -401.60 -99.48 Depreciation 10.77 11.80 -8.73 31.65 34.70 -8.79 50.10 55.20 -9.24 PBT 50.91 51.04 -0.25 57.23 26.20 118.44 -52.20 -456.80 -88.57 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 50.91 51.04 -0.25 57.23 26.20 118.44 -52.20 -456.80 -88.57 Equity 184.54 184.54 0.00 184.54 184.54 0.00 184.50 184.50 0.00 PBIDTM(%) 8.70 10.06 -13.48 6.59 5.25 25.51 2.45 -10.40 -123.60
Harrisons Malayalam has informed that the meeting of the Board of Directors of the Company will be held on February 09, 2017, to consider the Unaudited Financial Results of the Company for the quarter ended December 31, 2016. Further, Pursuant to the Company’s Code for Prevention of Insider Trading, the Trading Window of the Company will be closed from the close of business hours on February 01, 2017 (evening) to February 11, 2017 (evening) for the declaration of Unaudited Financial Results for the quarter ended December 31, 2016.The above information is a part of company’s filings submitted to BSE.
Harrisons Malayalam has submitted the Shareholding Pattern for the Period Ended December 31, 2016. The above information is a part of company’s filings submitted to BSE.
Harrisons Malayalam has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Harrisons Malayalam has informed that a meeting of the Board of Directors of the Company will be held on May 30, 2016 to consider the Audited Financial Results of the Company for the quarter and year ended March 31, 2016. Further, Pursuant to the Company’s Code for Prevention of Insider Trading, the Trading Window of the Company will be closed from the close of business hours on May 23, 2016 (evening) to May 31, 2016 (evening) for the declaration of Audited Financial Results for the year ended March 31, 2016.The above information is a part of company’s filings submitted to BSE.
Rainbow Investments has submitted the disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011.The above information is a part of company’s filings submitted to BSE.
Harrisons Malayalam has informed that Plantation workers in the state of Kerala have gone on strike demanding a hike in minimum wage from Rs 232 to Rs 500 per day. Consequently, the workers in the Company’s Tea and Rubber plantations in Kerala have gone on strike from September 28, 2015. Negotiations are on with the Trade Unions and the Kerala Government to resolve the issue amicably. Operations in the Company’s plantations in Tamil Nadu are normal.The above information is a part of company’s filings submitted to BSE.
Harrisons Malayalam has informed that the 38th Annual General Meeting (AGM) of the Company will be held on September 28, 2015.The above information is a part of company’s filings submitted to BSE.
Harrisons Malayalam has submitted a copy of Newspaper Advertisement for AGM Notice & E-voting.The above information is a part of company’s filings submitted to BSE.