Harrisons Malayalam FY26 Results: Profit Climbs to Rs 29.15 Crore

Total Income: Rs 562.93 Crore | Profit After Tax: Rs 29.15 Crore

Reader Takeaway: Strong operational growth and digital adoption drive profitability, offset by ongoing land litigation and fund recovery concerns.

What just happened

Harrisons Malayalam Limited (HML) has released its Annual Report for the fiscal year 2025-26, highlighting a year of robust growth. Total income for the year reached Rs 562.93 crore, up from Rs 525.73 crore in the previous fiscal. Profit after tax saw a significant jump, rising to Rs 29.15 crore compared to Rs 14.90 crore in FY25. Earnings per share also improved to Rs 15.80 from Rs 8.07.

Operational Performance

The company's tea segment saw production reach 10,070 MT with improved price realization of Rs 172.44 per kg. In the rubber segment, production stood at 4,341 MT, while prices averaged Rs 214.84 per kg. HML continues to modernize through AI-based pest detection, drone spraying, and high-efficiency color sorting machines for orthodox tea production.

Governance and Corporate Action

The 49th Annual General Meeting is set for September 29, 2026. The board has proposed re-appointing Mr. Cherian Manamel George as Whole-Time Director. Regarding internal controls, management reported a Rs 60.67 lakh fund misappropriation; the company has recovered Rs 11.43 lakh so far with legal proceedings ongoing.

Risks to watch

Investors must monitor long-standing land litigation involving over 23,000 hectares of land, which remains a critical factor for the company's asset base. Additionally, the progress of recovery regarding the identified fund misappropriation requires continued scrutiny.