Andrew Yule Q1 results showed consolidated revenue from operations rising 3.8% year-on-year to Rs 58.30 crore for the quarter ended June 30, 2026, from Rs 56.14 crore a year earlier. The government enterprise reported a consolidated net loss of Rs 2.34 crore, against a net profit of Rs 16.29 crore in the corresponding quarter, according to its August 12 BSE filing.

Consolidated loss before tax stood at Rs 21.03 crore, compared with profit before tax of Rs 20.14 crore in the year-ago quarter. Total income declined to Rs 59.36 crore from Rs 115.85 crore. The consolidated result included the group's Rs 18.69 crore share of profit from group companies. Diluted and basic earnings per share were negative Rs 0.05, versus positive Rs 0.33 a year earlier.

Consolidated metric Q1 FY27 Q1 FY26 YoY change
Revenue from operations Rs 58.30 crore Rs 56.14 crore Up 3.8%
Total income Rs 59.36 crore Rs 115.85 crore Down 48.8%
Profit/(loss) before tax Loss of Rs 21.03 crore Profit of Rs 20.14 crore Turned to loss
Net profit/(loss) Loss of Rs 2.34 crore Profit of Rs 16.29 crore Turned to loss
EPS Negative Rs 0.05 Rs 0.33 Turned negative

Standalone loss reaches Rs 21.02 crore

On a standalone basis, Andrew Yule recorded revenue from operations of Rs 58.30 crore, up from Rs 56.14 crore in the corresponding quarter. Total income was Rs 59.36 crore, compared with Rs 115.85 crore a year earlier.

The company posted a standalone loss before tax and net loss after tax of Rs 21.02 crore. In Q1 FY26, it had reported profit before tax of Rs 25.54 crore and profit after tax of Rs 23.68 crore. Standalone EPS was negative Rs 0.43, against positive Rs 0.48 in the year-ago period. The filing said no current-tax provision was considered because the company incurred a loss during the quarter.

Tea segment revenue increased to Rs 28.69 crore from Rs 21.84 crore, while Electrical-Chennai revenue fell to Rs 20.63 crore from Rs 29.52 crore. Engineering revenue rose to Rs 8.84 crore from Rs 4.65 crore.

Auditors flag payment delays and system risks

The auditors' limited-review conclusion was not modified, but their Emphasis of Matter highlighted incomplete audit-trail coverage and manual intervention in consolidation, which they said created a higher audit risk.

  • Delayed provident-fund-related liabilities were stated at Rs 55.67 crore, while gratuity liabilities were Rs 19.03 crore as of June 30, 2026.
  • Penalty and demurrage of Rs 3.37 crore had not been accounted for.
  • A Rs 66.04 lakh SEBI penalty for LODR non-compliance was provided for, though the company has sought a waiver.
  • Closure proposals for wholly owned subsidiaries Yule Electrical and Yule Engineering were submitted to the Ministry of Heavy Industries on January 4, 2023.

The consolidated review also noted that Yule Engineering was not considered a going concern and that Yule Electrical could not realise assets and discharge liabilities in the normal course. The board approved the unaudited standalone and consolidated results on August 12, 2026.

Source: BSE corporate announcement.