Ratings Downgrade Due To Sugar Biz Losses: DP Maheshwari, Jay Shree Tea
  • WebDesk BTVI
  • Aug 19 2019

Jay Shree Tea & Industries has posted a weak June quarter result, with a loss of Rs 11.60 crore against a profit of Rs 1.43 crore in the year-ago period. Its revenue rose marginally by 3 per cent to Rs 164 crore. Speaking to BTVI, DP Maheshwari, MD, Jay Shree Tea, said the tea business performed well in Q1, attributing ratings downgrade to losses in the sugar business. Here's more.