McLeod Russel India Limited

BSE: MCLEODRUSS532654ISIN INE942G01012

Fast Moving Consumer Goods
Tea & Coffee
BSE Fast Moving Consumer Goods

Share price

₹44.31+0.42 (+0.96%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹78.28
52W low: ₹28.70
Off 52W high: -43.40%
1M return: +6.59%
3M return: -9.96%
6M return: -25.19%
1Y return: -30.77%
20D avg volume: 89,501
50 DMA: ₹45.42
200 DMA: ₹49.74

Key ratios Consolidated

Market cap: ₹462.84 Cr
Current price: ₹44.31
52W high / low: ₹78.28 / ₹28.70
Face value: ₹5.00
P/E: -4.96
P/B: —
EPS (TTM): ₹-8.94
Book value / share: —
ROE: —
ROCE: -24.00%
Operating margin: —
Net margin: —
Debt / equity: -29.62
Net debt: ₹1,479 Cr
Interest cover: -1.54
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 18.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	261.11	130.35	445.45	362.83	215.76	165.47	370.56	452.62	196.76	194.95	348.62	365.88
	2.59	4.46	0.14	0.56	2.18	1.36	1.21	0.86	3.49	5.67	0.30	2.06
	263.70	134.81	445.59	363.39	217.94	166.83	371.77	453.48	200.25	200.62	348.92	367.94
	277.03	296.11	496.44	325.96	269.59	373.80	474.08	358.68	249.53	450.43	452.22	308.44
	12.58	7.31	7.78	8.17	1.36	2.74	4.42	1.35	3.01	5.39	11.02	16.44
	11.99	7.59	7.68	8.47	12.20	4.94	9.31	10.81	12.53	8.97	10.76	4.70
	214.53	137.50	206.13	213.45	186.38	145.85	201.94	213.51	178.59	158.84	182.89	220.04
	29.33	10.46	43.66	46.55	46.07	67.48	61.93	48.70	47.94	53.70	47.14	47.95
	15.72	16.02	15.07	15.05	14.93	15.76	15.18	15.24	15.06	15.54	16.19	17.57
	121.64	69.45	103.38	113.52	89.46	59.83	106.61	135.74	78.69	89.60	86.39	128.92
	-13.33	-161.30	-50.85	37.43	-51.65	-206.97	-102.31	94.80	-49.28	-249.81	-103.30	59.50
	0.00	-146.95	0.00	0.00	0.00	0.00	0.00	0.00	19.21	0.08	5.00	0.00
	-13.33	-308.25	-50.85	37.43	-51.65	-206.97	-102.31	94.80	-30.07	-249.73	-98.30	59.50
	0.05	235.58	14.44	8.37	8.17	-32.56	14.98	10.26	9.43	31.31	16.63	1.65
	-13.38	-72.67	-36.41	29.06	-43.48	-174.41	-87.33	84.54	-20.64	-218.42	-81.67	61.15
	-1.28	-6.95	-3.48	2.79	-4.15	-16.69	-8.35	8.10	-1.98	-20.91	-7.82	5.85
Key metrics
	31.72	-281.77	7.88	99.03	9.35	-123.73	-25.20	158.74	32.93	-180.49	-34.97	125.02
	12.10%	-216.20%	1.80%	27.30%	4.30%	-74.80%	-6.80%	35.10%	16.70%	-92.60%	-10.00%	34.20%
	-5.10%	-55.70%	-8.20%	8.00%	-20.20%	-105.40%	-23.60%	18.70%	-10.50%	-112.00%	-23.40%	16.70%
	—	-31.50%	—	29.60%	—	-54.10%	—	—	—	—	—	—
	21.00%	-21.20%	20.20%	-19.80%	9.70%	-15.10%	6.30%	23.70%	—	—	—	—
	69.20%	58.30%	58.30%	-65.60%	-110.70%	20.10%	-6.90%	38.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,200	1,154	1,185	1,136	1,370	1,356
	7.75	7.34	5.20	10.65	17.04	10.09
	1,207	1,162	1,191	1,147	1,387	1,366
	1,396	1,388	1,454	1,513	1,547	1,528
	35.84	24.62	11.52	41.98	76.18	179.12
	35.73	35.94	37.59	38.65	30.07	14.59
	771.61	743.46	739.89	744.08	722.29	637.17
	130.00	146.74	226.05	203.42	200.51	165.49
	61.86	61.07	61.24	65.79	69.89	74.81
	407.99	375.81	379.17	398.83	426.57	420.78
	-188.05	-226.37	-263.78	-366.65	-159.99	-162.18
	-146.95	-146.95	19.21	5.08	-933.42	0.00
	-335.00	-373.32	-244.57	-361.57	-1,093	-162.18
	258.44	-249.82	-46.70	49.98	36.91	18.74
	-93.40	-123.50	-197.87	-311.59	-1,056	-180.92
	-8.92	-11.82	-18.94	-29.83	-101.14	-17.32
Key metrics
	-143.14	-165.51	42.72	-92.36	-823.01	78.12
	-11.93%	-14.30%	3.60%	-8.10%	-60.10%	5.80%
	-7.79%	-10.70%	-16.70%	-27.40%	-77.10%	-13.30%
	—	-24.00%	-7.20%	—	—	—
	-0.39%	-2.60%	4.40%	-17.10%	1.00%	—
	—	37.60%	36.50%	70.50%	-484.00%	—
	—	38.74	48.28	—	—	—
	—	-0.43	-0.37	—	—	—
	—	-29.62	33.57	—	—	—
	—	1,479	1,893	—	—	—
	—	18.4	17.8	—	—	—
Balance sheet
	—	2,353	3,594	—	—	—
	—	322.26	278.60	—	—	—
	—	16.06	8.53	—	—	—
	—	37.74	48.36	—	—	—
	—	119.98	106.40	—	—	—
	—	58.64	71.80	—	—	—
	—	1,025	1,061	—	—	—
	—	99.18	97.10	—	—	—
	—	1,408	3,337	—	—	—
	—	1,495	1,902	—	—	—
	—	855.64	1,823	—	—	—
	—	639.66	78.20	—	—	—
	—	-50.49	56.64	—	—	—
Cash flow
	—	53.34	72.41	—	—	—
	—	-13.54	-18.94	—	—	—
	—	-32.73	-50.45	—	—	—
	—	14.60	24.13	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	204.45	84.31	398.31	324.17	168.03	127.89	334.17	411.50	150.80	156.63	289.52	324.48
	0.97	21.31	0.10	0.21	0.63	0.77	0.80	0.50	0.24	2.26	0.62	0.58
	205.42	105.62	398.41	324.38	168.66	128.66	334.97	412.00	151.04	158.89	290.14	325.06
	220.18	244.33	443.63	286.87	218.15	328.24	426.88	311.79	195.86	377.90	380.21	261.42
	4.54	-1.37	2.07	0.92	2.04	-0.93	2.54	2.23	0.23	0.07	7.28	5.48
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	203.73	124.97	195.39	202.64	176.52	135.58	192.06	201.71	168.35	146.63	168.53	204.64
	24.30	6.63	39.75	42.40	40.80	65.18	57.74	44.29	42.91	49.75	42.99	43.39
	12.69	12.31	12.17	12.07	12.07	12.85	12.51	12.49	12.49	12.98	13.04	13.00
	105.80	50.20	88.26	96.96	76.24	33.69	93.45	117.16	63.86	49.01	66.32	105.26
	-14.76	-138.71	-45.22	37.51	-49.49	-199.58	-91.91	100.21	-44.82	-219.01	-90.07	63.64
	0.00	-146.95	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	-14.76	-285.66	-45.22	37.51	-49.49	-199.58	-91.91	100.21	-44.82	-219.01	-90.07	63.64
	0.02	-236.47	-14.49	8.32	-9.36	-30.14	13.78	12.57	8.39	28.60	11.97	1.10
	-14.78	-49.19	-30.73	29.19	-40.13	-169.44	-78.13	87.64	-36.43	-190.41	-78.10	64.74
	-1.41	-4.71	-2.94	2.79	-3.84	-16.22	-7.48	8.39	-3.49	-18.22	-7.47	6.20
Key metrics
	22.23	-266.72	6.70	91.98	3.38	-121.55	-21.66	156.99	10.58	-156.28	-34.04	120.03
	10.90%	-316.40%	1.70%	28.40%	2.00%	-95.00%	-6.50%	38.20%	7.00%	-99.80%	-11.80%	37.00%
	-7.20%	-58.30%	-7.70%	9.00%	-23.90%	-132.50%	-23.40%	21.30%	-24.20%	-121.60%	-27.00%	20.00%
	—	-36.30%	—	112.40%	—	-202.20%	—	—	—	—	—	—
	21.70%	-34.10%	19.20%	-21.20%	11.40%	-18.30%	15.40%	26.80%	—	—	—	—
	63.20%	71.00%	60.70%	-66.70%	-10.20%	11.00%	0.00%	35.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,011	974.82	1,024	923.42	1,097	1,109
	22.59	21.90	2.31	4.39	13.66	5.54
	1,034	996.72	1,027	927.81	1,110	1,114
	1,195	1,193	1,263	1,232	1,271	1,228
	6.16	-0.42	0.85	12.42	37.66	124.11
	0.00	0.00	0.00	—	—	—
	726.73	699.52	697.70	687.81	662.29	575.48
	113.08	129.58	210.12	185.04	183.92	152.08
	49.24	48.62	50.34	52.02	52.55	56.28
	341.22	311.31	308.16	288.59	334.86	318.81
	-161.18	-195.91	-236.10	-304.51	-160.79	-114.12
	-146.95	-146.95	0.00	—	-933.42	—
	-308.13	-342.86	-236.10	-304.51	-1,094	-114.12
	-242.62	252.00	-39.74	38.86	44.79	22.05
	-65.51	-90.86	-196.36	-265.65	-1,049	-136.17
	-6.27	-8.70	-18.80	-25.43	-100.52	-13.04
Key metrics
	-145.81	-164.66	24.36	-67.45	-857.74	94.24
	-14.42%	-16.90%	2.40%	-7.30%	-78.20%	8.50%
	-6.48%	-9.30%	-19.20%	-28.80%	-95.70%	-12.30%
	—	-27.70%	-39.10%	—	—	—
	-2.91%	-4.80%	10.90%	-15.80%	-1.10%	—
	—	53.70%	26.10%	74.70%	-670.70%	—
	—	38.88	6.07	—	—	—
	—	-0.58	-0.15	—	—	—
	—	-10.29	-35.61	—	—	—
	—	1,331	1,761	—	—	—
	—	4.7	5.4	—	—	—
Balance sheet
	—	2,050	3,297	—	—	—
	—	235.23	197.55	—	—	—
	—	13.66	4.98	—	—	—
	—	25.98	36.19	—	—	—
	—	74.14	68.71	—	—	—
	—	49.20	61.53	—	—	—
	—	861.40	895.19	—	—	—
	—	87.49	89.85	—	—	—
	—	1,281	3,230	—	—	—
	—	1,345	1,766	—	—	—
	—	793.10	1,766	—	—	—
	—	551.67	0.00	—	—	—
	—	-130.70	-49.59	—	—	—
Cash flow
	—	52.50	28.91	—	—	—
	—	-12.52	-22.07	—	—	—
	—	-31.30	-4.36	—	—	—
	—	13.62	22.84	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -3.85%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -2.91%
Profit YoY (TTM): +67.25%

Consolidated

Sales CAGR 3Y: -5.54%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -0.39%
Profit YoY (TTM): +57.68%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 6.23%

Quarter	September 2026	June 2026
Promoter %	6.23%	6.23%

Holder	Type	Holding	Previous	Change
KAVITA KHAITAN	Promoter Group	3.83%	3.83%	0.00%
EKTA CREDIT PVT. LTD.	Promoter Group	1.91%	1.91%	0.00%
Anurag Choudhary	Public	1.48%	1.48%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.36%	1.36%	0.00%
SAINT CAPITAL FUND	Public	1.25%	1.25%	0.00%
MANJU GAGGAR	Public	1.08%	1.08%	0.00%
UNITED MACHINE CO. LTD	Promoter Group	0.12%	0.12%	0.00%
BABCOCK BORSIG LIMITED	Promoter Group	0.09%	0.09%	0.00%
YASHODHARA KHAITAN	Promoter Group	0.07%	0.07%	0.00%
KILBURN ENGINEERING LTD	Promoter Group	0.06%	0.06%	0.00%
ICHAMATI INVESTMENTS LTD	Promoter Group	0.05%	0.05%	0.00%
B M KHAITAN	Promoter	0.04%	0.04%	0.00%
ADITYA KHAITAN	Promoter	0.02%	0.02%	0.00%
ISHA KHAITAN	Promoter Group	0.01%	0.01%	0.00%
AMRITANSHU KHAITAN	Promoter	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
TATA CONSUMER PRODUCTS LIMITED	1,05,848	1,069.50	62.05	8.30%	+14.68% TTM	+24.62% TTM	-9.30%
CCL Products (India) Ltd.	12,871	963.90	27.87	20.80%	+24.08% TTM	+36.54% TTM	+8.63%
VINTAGE COFFEE AND BEVERAGES LIMITED	2,471	168.70	31.38	15.50%	+67.12% TTM	+57.99% TTM	+3.37%
Andrew Yule & Company Ltd	1,192	24.37	-28.60	-3.70%	-4.76% TTM	-308.77% TTM	-4.73%
Goodricke Group Ltd. S	473	218.95	7.48	6.60%	-7.55% TTM	+487.64% TTM	+16.43%
McLeod Russel India Limited	463	44.31	-4.96	-24.00%	-0.39% TTM	+57.68% TTM	-30.77%
Jay Shree Tea & Industries Ltd.	232	80.38	-10.54	2.00%	+6.65% TTM	-117.40% TTM	-16.63%
Gillanders Arbuthnot & Co. Ltd.	211	98.98	12.11	7.60%	-2.88% TTM	-43.94% TTM	-17.86%
Neelamalai Agro Industries Ltd.	199	3,200.00	5.42	9.20%	+9.94% TTM	+36.97% TTM	-12.38%
Rossell India Limited S	185	49.01	15.86	10.10%	+12.45% TTM	-42.65% TTM	-19.66%
Dhunseri Tea & Industries Ltd	155	147.80	-12.59	2.70%	-6.78% TTM	-350.36% TTM	-7.86%
B & A Ltd.	128	411.95	43.60	4.80%	+11.00% TTM	-74.74% TTM	+1.18%
Bengal Tea & fabrics Ltd. S	126	139.65	19.05	4.70%	+1.72% TTM	-92.00% TTM	+5.28%
Ganges Securities Ltd.	114	114.35	39.71	—	+2.25% TTM	-48.29% TTM	-27.26%
James Warren Tea Limited S	107	244.25	11.84	6.60%	-36.22% TTM	-92.80% TTM	-28.14%
SHRI VASUPRADA PLANTATIONS LIMITED	83	99.77	84.86	-0.70%	+9.73% TTM	-76.27% TTM	-11.00%
Terai Tea Co. Ltd.	82	118.60	11.84	4.50%	-42.19% TTM	-28.03% TTM	+10.48%
Norben Tea & Exports Ltd S	79	50.62	210.92	3.30%	+26.04% TTM	+146.84% TTM	-19.11%
Warren Tea Ltd. S	50	41.59	-14.49	-4.10%	-100.00% TTM	-2,738.46% TTM	-18.83%
Diana Tea Co.Ltd. S	44	29.37	7.85	6.10%	+23.84% TTM	+408.79% TTM	-2.00%
KANCO TEA & INDUSTRIES LIMITED	32	61.69	-6.10	-3.60%	+20.81% TTM	+25.68% TTM	+2.71%
Tyroon Tea Co. Ltd. S	27	80.03	-21.40	-5.30%	+0.18% TTM	-222.12% TTM	-19.89%
INDONG TEA COMPANY LIMITED S	12	6.03	-14.02	-0.30%	—	—	-52.07%
Octavius Plantations Limited S	11	35.51	6.54	6.10%	+238.01% TTM	+53.41% TTM	-38.17%
NOVYRA PHARMACHEM LIMITED S	5	7.68	-0.90	-910.20%	—	-7,614.29% TTM	+2.81%

Filings & corporate actions

Recent announcements

Newspaper Advertisement(s) of Notice regarding Special Window for Re-lodgement of Transfer Requests and Dematerialisation of Physical Shares.16 Oct 2026 · Company Update / Newspaper Publication
In continuation of our letter dated 29th September, 2026 relating to execution and signing of Master Restructuring Agreement (MRA), we wish to inform that in terms of MRA, an Unattested ....9 Oct 2026 · Company Update / General
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Voting Results of Annual General Meeting along with Scrutinizer's Report.1 Oct 2026 · AGM/EGM / AGM
Summary of Proceedings of the 28th Annual General Meeting of McLeod Russel India Limited30 Sep 2026 · AGM/EGM / AGM
Execution and Signing of Master Restructuring Agreement.29 Sep 2026 · Company Update / General
Appointment of Senior Management Personnel.28 Sep 2026 · Company Update / Change in Management
Intimation regarding Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 20159 Sep 2026 · Company Update / General
Newspaper Advertisement regarding Notice of 28th Annual General Meeting and E-voting information.9 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the Notice of the 28th Annual General Meeting of the Company scheduled to be held on Wednesday, 30th September, 2026 at 11:30 A.M through Video Conferencing ....8 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed herewith the Notice of the 28th Annual General Meeting of the Company scheduled to be held on Wednesday, 30th September, 2026 at 11:30 A.M through Video Conferencing ....8 Sep 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - Newspaper Publication of information regarding 28th Annual General Meeting.3 Sep 2026 · Company Update / Newspaper Publication
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.28 Aug 2026 · Company Update / Restructuring
Newspaper Advertisement(s) of Notice regarding Special Window for Re-lodgement of Transfer Requests and Dematerialisation of Physical Shares.19 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication - Statement of Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 202615 Aug 2026 · Company Update / Newspaper Publication
The Board of Directors of the Company in their meeting held today i.e. 14th August, 2026, have considered and approved the Unaudited Financial Results, both on standalone and consolidated ....14 Aug 2026 · Result / Financial Results
The Board of Directors of the Company in their meeting held today i.e. 14th August, 2026, have considered and approved the Unaudited Financial Results, both on standalone and consolidated ....14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Mcleod Russel India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Unaudited Financial Results, ....10 Aug 2026 · Board Meeting / Board Meeting
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 20156 Aug 2026 · Company Update / Restructuring
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR, 2015)21 Jul 2026 · Company Update / General
Approval of Voluntary Delisting of Equity Shares from the Calcutta Stock Exchange.17 Jul 2026 · Company Update / General
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR, 2015)15 Jul 2026 · Company Update / General
Please find attached the Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Disclosure under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Voting Results of Postal Ballot along with Scrutinizer's Report30 Jun 2026 · AGM/EGM / Postal Ballot
Disclosure under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Voting Results of Postal Ballot along with Scrutinizer's Report30 Jun 2026 · AGM/EGM / Postal Ballot
Intimation of Closure of Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith copies of Newspaper Advertisement published on 17th June, 2026 regarding opening of a special window for re-lodgement of transfer and dematerialisation of ....17 Jun 2026 · Company Update / Newspaper Publication
Newspaper Publication dated 30.05.202630 May 2026 · Company Update / Newspaper Publication
Reappointment of Internal Auditors and Cost Auditors29 May 2026 · Company Update / General
Financial Results for the Quarter and Year ended 31.03.202629 May 2026 · Result / Financial Results
Outcome of Board Meeting dated 29th May, 202629 May 2026 · Board Meeting / Outcome of Board Meeting
Newspaper Publication dated 28.05.2026.28 May 2026 · Company Update / Newspaper Publication
Please find enclosed herewith Annual Secretarial Compliance Report of the Company for the financial year ended on 31st March, 2026 issued by Practising Company Secretaries, M/s A. K. Labh & Co.27 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 30 of SEBI Listing Regulations, please find enclosed herewith Notice of Postal Ballot dated 15th May, 2026 for seeking approval of the Members of the Company to transact ....27 May 2026 · AGM/EGM / Postal Ballot
Mcleod Russel India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Audited Financial Results, ....25 May 2026 · Board Meeting / Board Meeting
Intimation under Regulation 30(5) of the SEBI (Listing Obligations and Requirements) Regulations 201516 May 2026 · Company Update / General
As per the attached letter dated 15.05.2026.15 May 2026 · Company Update / Restructuring
As per the attached Letter dated 15.05.2026.15 May 2026 · Company Update / Change in Directorate
As per the attached letter dated 15.05.2026.15 May 2026 · Company Update / General

Board meetings

14 Aug 2026 Board Meeting - Financial Results