Last 88.70 INR
Change Today +1.85 / 2.13%
Volume 37.3K
As of 7:32 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

jayshree tea & industries (JTI) Snapshot

Open
88.95
Previous Close
86.85
Day High
90.00
Day Low
87.05
52 Week High
01/8/14 - 103.90
52 Week Low
07/29/13 - 73.10
Market Cap
2.6B
Average Volume 10 Days
137.9K
EPS TTM
15.38
Shares Outstanding
28.9M
EX-Date
07/18/13
P/E TM
5.8x
Dividend
4.00
Dividend Yield
4.51%
Current Stock Chart for JAYSHREE TEA & INDUSTRIES (JTI)

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jayshree tea & industries (JTI) Details

Jay Shree Tea & Industries Ltd engages in the manufacture and sale of tea, sugar, and chemicals and fertilizers in India and internationally. Its chemicals and fertilizers include single super phosphate, sulphuric acid, and oleum products. The company also provides tea packaging and warehousing services. In addition, it is involved in the development of real estate properties in Kolkata and Bengaluru. The company was incorporated in 1945 and is headquartered in Kolkata, India.

Founded in 1945

jayshree tea & industries (JTI) Top Compensated Officers

Managing Director, Executive Director, Member...
Total Annual Compensation: 5.4M
Vice Chairperson
Total Annual Compensation: 8.4M
Executive Director
Total Annual Compensation: 3.0M
Compensation as of Fiscal Year 2013.

jayshree tea & industries (JTI) Key Developments

Jay Shree Tea & Industries Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Jay Shree Tea & Industries Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations of INR 2,236 million compared to INR 1,885.8 million a year ago. Total income from operations was INR 2,269.5 million compared to INR 1,901.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 94.9 million compared to INR 177.2 million a year ago. Net profit from ordinary activities before tax was INR 12.3 million compared to INR 125.1 million a year ago. Net profit for the period was INR 12.3 million compared to INR 125.1 million a year ago. Basic and diluted EPS was INR 0.43 compared to INR 4.33 a year ago. For the nine months, the company reported net sales/income from operations of INR 5,247.3 million compared to INR 5,169.2 million a year ago. Total income from operations was INR 5,319.3 million compared to INR 5,217.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 425.2 million compared to INR 885.1 million a year ago. Net profit from ordinary activities before tax was INR 475.5 million compared to INR 765.2 million a year ago. Net profit for the period was INR 475.5 million compared to INR 765.2 million a year ago. Basic and diluted EPS was INR 16.46 compared to INR 26.49 a year ago.

Jay Shree Tea & Industries Ltd., Board Meeting, Jan 31, 2014

Jay Shree Tea & Industries Ltd., Board Meeting, Jan 31, 2014. Agenda: To consider unaudited earnings results for the third quarter and nine months ended December 31, 2013.

Investors Eye Tea Estates Of West Bengal Tea

Andrew Yule & Company Ltd. (BSE:526173); Jay Shree Tea & Industries Ltd. (BSE:509715); Ambootia Group; and Bagaria Business Pvt Ltd. have shown interest in becoming strategic investors in five tea estates that have been put on the block by West Bengal Tea Development Corporation Ltd. Rungmook-Cedars, Rangaroon and Pandam - of the five tea estates that have been put under hammer are located in Darjeeling. Hilla and Mahua - are located in Dooars. Around 3,000 people are employed in these five gardens."We are keen to take the management control of Rangaroon and Pandam tea estates in Darjeeling. We have already submitted our proposal to the industry minister. Even the labour unions in these two gardens want us to take over the estates," Kallol Datta, Chairman and Managing Director, Andrew Yule, said. The government will shortly appoint an expert to advise the government on whether to stay invested in the estates or not. The loss made by the five estates is estimated at INR 2.25 billion. Each year, the gardens run up cumulative loss of INR 250 million. DP Maheshwari, Managing Director at Jay Shree Tea & Industries, said: "We are interested but first we have to go through the terms of reference." Ambootia Group too is interested in Darjeeling gardens. Chairman Sanjay Bansal succeeded in turning around all 14 estates of the company that were in the red when he took charge."The productivity of these gardens - which are on the block - is very low and they also have liabilities and legal cases against them. If the government takes care of liabilities, then we will definitely give a thought to become a strategic investor. Let the government first give us the terms of reference," he said. Sheo Sankar Bagaria, Managing Director of Bagaria Group that owns three estates in Darjeeling and one in Cachar, is also keen to become a strategic investor."We want to expand our Darjeeling operations," said Bagaria.

 

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