McLeod Russel India Reports Q3 FY25 Results: Revenue Decline and Widening Losses

McLeod Russel India, a leading tea producer, has announced its consolidated financial results for the third quarter of fiscal year 2025. The company reported revenue from operations of 3.71 billion rupees, marking a significant decline from the previous year. Additionally, McLeod Russel posted a consolidated net loss of 873.3 million rupees for the quarter, indicating a widening of losses compared to the same period last year. This performance reflects ongoing challenges in the tea industry, including lower prices and higher production costs. The company continues to work on debt resolution with lenders and operational improvements to address its financial situation.

Source: Reuters