Net profit of United Nilgiri Tea Estates Company rose 123.39% to Rs 4.87 crore in the quarter ended June 2020 as against Rs 2.18 crore during the previous quarter ended June 2019. Sales rose 3.81% to Rs 14.71 crore in the quarter ended June 2020 as against Rs 14.17 crore during the previous quarter ended June 2019.

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United Nilgiri Tea Estates Company announced that the 98th Annual General Meeting (AGM) of the company will be held on 7 August 2020.

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United Nilgiri Tea Estates Company announced that the Board of Directors of the Company at its meeting held on 22 June 2020, inter alia, have recommended the final dividend of Rs 1.7 per equity Share (i.e. 17%) , subject to the approval of the shareholders.

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Net profit of United Nilgiri Tea Estates Company declined 93.33% to Rs 0.15 crore in the quarter ended March 2020 as against Rs 2.25 crore during the previous quarter ended March 2019. Sales rose 33.16% to Rs 15.38 crore in the quarter ended March 2020 as against Rs 11.55 crore during the previous quarter ended March 2019.

For the full year,net profit declined 25.47% to Rs 10.71 crore in the year ended March 2020 as against Rs 14.37 crore during the previous year ended March 2019. Sales declined 4.49% to Rs 58.77 crore in the year ended March 2020 as against Rs 61.53 crore during the previous year ended March 2019.

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