From the Annual Report
Rossell Tea produces some of the finest CTC and Orthodox Tea, exported to many countries like Canada, UK, Germany, Netherland, UAE, Saudi Arabia, Egypt etc.
Rossell Techsys offers value added services for leading global OEMs in Aerospace & Defence, for both military and commercial platforms. We cater to different platforms such as fighters, trainers, helicopters, unmanned ground vehicles, unmanned aerial vehicles, rockets, battle tanks, commercial jets and aero engine derivatives. We serve both the export and domestic sector. Major exports (~80%) are to USA, Europe and Israel. Rossell Techsys is specialized in Build to Specifications (BTS) and Build to Print (BTP).
To summarize, we anticipate the production being lower than last year due to adverse weather conditions and the increased testing of teas will restrict the use of chemicals. CTC prices may be somewhat similar to last year but marginally better for us owing to our compliance and quality. The orthodox prices will be better than the previous year. The biggest challenge will be to protect the crop and rein in the escalating costs particularly wages and fuel.
The total Operational revenue for the financial year 2023-2024 stands at 216.88 Crores, an increase of around 16.32% over the previous fiscal year 2022-2023. The Division added confirmed orders worth 638.00 Crores and confirmed strategic agreements worth around ` 2,800 Crores
The Operating Profit before depreciation and interest (EBITDA) of the Rossell Tea Division for the year was 1,198.59 lakhs as against 3,007.59 lakhs in the previous year. At the same time the Operating Profit before depreciation and interest (EBITDA) of the Rossell Techsys Division for the year was 3,553.36 lakhs as against 3,127.04 lakhs in the previous year. With the strong financial fundamentals over the year, the financial base of your Company remains strong, and it shall be further strengthened with better operating and financial performance in the years ahead, subject to the impact of demerger process being in progress at this stage.
Soft copy of the approved order of the scheme of amalgamation has been uploaded on the NCLT website on 02/08/2024.
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