Dhunseri Tea and Industries recorded a standalone net loss narrowed to Rs. 48.55 crore in the quarter ended March 2023, from Rs. 147.69 crore. Total income grew to Rs.24.26 crore from Rs.20.38 crore.
Net loss for FY23 narrowed to Rs.11.88 crore from Rs.98.02 crore. Total income fell to Rs.226.34 crore from Rs.265.43 crore.
The board recommended a dividend of 30 per cent, i.e. Rs.3 per equity share of Rs.10 each for the FY22-23, subject to the approval of shareholders at AGM.
Dhunseri Tea & Industries Limited is engaged in tea production and distribution. The company has tea packaging and blending units located in Dhunseri Tea Estate and Jaipur. Through its subsidiaries, DTIL has acquired tea estates in Malawi and South Eastern Africa.