Norben Tea & Exports LimitedQ2 FY27 Results & Financial Update
Norben Tea & Exports Limited: Q2 FY27 standalone results and company financials – revenue ₹2.73 Cr, PAT ₹0.75 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Norben Tea & Exports Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Norben Tea & Exports Limited reported revenue from operations of INR 2.73 crore for the quarter ended September 30, 2026, representing a strong sequential expansion compared to INR 1.29 crore posted in the preceding quarter ended June 30, 2026.
Total income for Q2 FY27 reached INR 2.78 crore, supported by INR 0.05 crore in other income, compared to INR 1.30 crore in the preceding quarter.
Profit before tax (PBT) and net profit after tax (PAT) both stood at INR 0.75 crore for the quarter under review, up from INR 0.32 crore in Q1 FY27, resulting in basic and diluted earnings per share (EPS) of INR 0.48 compared to INR 0.21 in the previous quarter.
Operating expenses for the quarter were well-contained at INR 2.04 crore, with employee benefits expense forming the largest cost component at INR 1.48 crore, alongside other expenses of INR 0.87 crore and finance costs of INR 0.33 crore. Inventory changes contributed a positive adjustment of INR 0.79 crore.
Management noted that due to the seasonal nature of the tea industry, quarterly results are not necessarily representative of the final financial outcome for the full financial year ending March 31, 2027. Ultimate income tax liability will be determined based on full-year results and accounted for at year-end audit.
01 · Business model
What does Norben Tea & Exports do?
Norben Tea & Exports Limited is engaged in the cultivation, manufacture, and sale of tea. Operating primarily within a single reportable business segment, the company manages tea estates and processing facilities in India.
The business model is inherently seasonal, reflecting biological and climatic cycles governing tea harvesting and manufacturing in northeastern India. Revenue generation depends heavily on green leaf yields and realized auction or private sale prices during peak agricultural quarters.
The company sells manufactured tea through various commercial channels and maintains a standalone corporate structure with no subsidiaries, associates, or joint ventures as of September 30, 2026.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹2.73 Cr | ₹1.29 Cr |
| Total income | ₹2.78 Cr | ₹1.30 Cr |
| Profit before tax | ₹0.75 Cr | ₹0.32 Cr |
| Profit after tax | ₹0.75 Cr | ₹0.32 Cr |
| EPS | ₹0.48 | ₹0.21 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 27.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 27.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.05 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue increased sequentially to INR 2.73 crore in Q2 FY27 from INR 1.29 crore in Q1 FY27, reflecting higher seasonal crop harvesting and processing volumes during the monsoon and post-monsoon quarters.
Other income added INR 0.05 crore to the top line during the quarter, showing a modest increase from INR 0.01 crore in the preceding quarter.
What drove margins
Changes in inventories of finished goods and work-in-progress provided a positive cost offset of INR 0.79 crore, easing the impact of operational overheads.
Finance costs rose to INR 0.33 crore during the quarter compared to INR 0.20 crore in Q1 FY27.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates primarily in one reportable business segment: cultivation, manufacturing, and selling of tea.
05 · Reported developments
What changed operationally
Net profit more than doubled sequentially to INR 0.75 crore in Q2 FY27 from INR 0.32 crore in Q1 FY27.
Six-month operating cash flows turned positive to INR 0.54 crore compared to negative operating cash flows in the prior year period.
06 · Items worth noticing
The line items that can distort a quick read
Ultimate income tax liability and deferred tax adjustments have been deferred to the year-end audit due to agricultural seasonality.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the six months ended September 30, 2026, net cash generated from operating activities stood at INR 0.54 crore, turning positive compared to a net outflow of INR 1.22 crore in the corresponding period of the previous year.
Cash used in investing activities for the half-year included INR 0.67 crore applied toward the purchase of fixed assets and capital WIP (net of subsidy).
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory review
The financial results for the quarter and six months ended September 30, 2026, were subjected to a limited review by statutory auditors A O Mittal & Associates LLP.
09 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations grew to INR 2.73 crore in Q2 FY27 from INR 1.29 crore in Q1 FY27.
10 · Key Q&A
The quarter, answered directly
What does Norben Tea & Exports do?
Norben Tea & Exports Limited is engaged in the cultivation, manufacture, and sale of tea. Operating primarily within a single reportable business segment, the company manages tea estates and processing facilities in India.
What is the clearest takeaway from Q2 FY27?
Norben Tea & Exports Limited reported revenue from operations of INR 2.73 crore for the quarter ended September 30, 2026, representing a strong sequential expansion compared to INR 1.29 crore posted in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Revenue increased sequentially to INR 2.73 crore in Q2 FY27 from INR 1.29 crore in Q1 FY27, reflecting higher seasonal crop harvesting and processing volumes during the monsoon and post-monsoon quarters.
What mattered most for margins or profitability?
Changes in inventories of finished goods and work-in-progress provided a positive cost offset of INR 0.79 crore, easing the impact of operational overheads.
What changed operationally beyond the headline numbers?
The financial results for the quarter and six months ended September 30, 2026, were subjected to a limited review by statutory auditors A O Mittal & Associates LLP.
What should the next disclosure help confirm?
Final tax computations and provisions remain pending for year-end audit review given the seasonal nature of earnings.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Full-year tax provisioning: Final tax computations and provisions remain pending for year-end audit review given the seasonal nature of earnings.
- 02
Annual crop yield realization: Monitor second-half harvest volumes and auction price realizations leading up to the annual closing on March 31, 2027.
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