McLeod Russel Ltd (MCLR), the world’s biggest tea grower, on Friday posted a little over 5 per cent rise in net profit to Rs 123.15 crore for the quarter ended 31 December 2012. Its net profit stood Rs 117.11 crore in the corresponding period last year. Total income rose to Rs 448.13 crore during the third quarter of the current fiscal from Rs 404.75 crore in the corresponding quarter of previous fiscal.
MCLR’s net profit grew marginally as expenses remained higher at Rs 319.79 crore. MCLR produces approximately 100 million kg of high quality tea a year from tea estates in Assam, West Bengal, Vietnam, Uganda and Rwanda. The company exports tea to Europe, the Middle East and North America.
MCLR’s net profit grew marginally as expenses remained higher at Rs 319.79 crore. MCLR produces approximately 100 million kg of high quality tea a year from tea estates in Assam, West Bengal, Vietnam, Uganda and Rwanda. The company exports tea to Europe, the Middle East and North America.