Harrisons Malayalam Approves FY 2026 Financials; Identifies Funding Misappropriation in Estates

Harrisons Malayalam Approves FY 2026 Financials; Identifies Funding Misappropriation in Estates​

Harrisons Malayalam Limited announced the approval of its audited financial results and statements for the quarter and year ended March 31, 2026, following a Board meeting held on May 25, 2026. The company also approved a forensic audit report submitted by M/s. Suri & Co.

The Group's core business revolves around the production of natural rubber and tea, with operations conducted across plantation estates and factories in Kerala and Tamil Nadu.

Financial Performance Summary​

The audited financial results provide a comparison of the company's performance across the fiscal years.

According to the audited standalone financial statements for the year ended March 31, 2026, the company reported a total income of 56,293.96 lakhs. This was compared to a total income of 52,573.13 lakhs in the previous year. The net profit after tax for the year reached 2,915.02 lakhs.

A comparison of the key financial metrics (in ₹ lakhs) between the years ended March 31, 2026, and March 31, 2025:


*EPS not annualised

Segment Performance and Revenue​

Analyzing the segment performance shows the contribution of Tea, Rubber, and Others.

In terms of Net Revenue from Operations (in ₹ lakhs), the company recorded 53,908.42 lakhs for the year ended March 31, 2026, compared to 51,391.40 lakhs the previous year. The segment contributions were:


The segment results for the year highlighted the contribution from Rubber at 2,564.16 lakhs, compared to 3,543.92 lakhs in the previous fiscal year.

Audit and Compliance Updates​

The Board of Directors also approved the Forensic Audit Report submitted by internal auditors, M/s. Suri & Co., Chartered Accountants. The audit report detailed an investigation into estate-level payment transactions. The review identified instances of misappropriation of company funds in a few Estates, revealing that certain junior level employees manipulated and diverted payments intended for genuine workers or vendors to their own accounts or those of accomplices. However, the audit report concluded that no material instances of fraud were identified based on the procedures performed within the defined scope of review.

In response to these findings, the Management has noted the results and initiated necessary corrective and disciplinary actions against the individuals involved. Furthermore, the Company has started strengthening internal control mechanisms, including enhanced monitoring procedures at both estate and Head Office levels, and tighter controls over the creation and modification of bank master data.

Balance Sheet and Cash Flow Position​

The audited standalone balance sheet as of March 31, 2026, showed total assets of 40,517.85 lakhs, up from 38,792 lakhs the previous year. Total equity stood at 17,869.22 lakhs, compared to 15,418.5 lakhs in 2025.

The company reported total current liabilities of 21,306.24 lakhs, while total current assets reached 9,677.78 lakhs.

The audited standalone cash flow statement details the following for the year:


The consolidated results similarly showed the Group’s total assets at 50,188.79 lakhs and total equity at 17,862.15 lakhs as of March 31, 2026. The consolidated cash flow report indicated net cash generated from operating activities of 2,536.86 lakhs for the year, compared to 2,335.49 lakhs in the previous year.

HARRMALAYA Stock Price Movement​

Harrisons Malayalam Limited shares today slipped by 3.45% to close at ₹211.5. The stock found support amid the session, reporting a total traded volume of 18,641 shares.