Plantations & Agriculture · Agricultural Commodities/Milling
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 6.7B | Rs 958.4M | 17.76 |
| 2024 | Rs 6.3B | Rs 468.1M | 8.68 |
| 2023 | Rs 6.2B | Rs 886.6M | 16.43 |
| 2022 | Rs 4.0B | Rs 162.7M | 3.01 |
| 2021 | Rs 4.0B | Rs 103.5M | 1.92 |
| 2020 | Rs 3.7B | Rs -576.1M | -10.68 |
| 2019 | Rs 4.2B | Rs 5.3M | 0.10 |
Maskeliya Plantations PLC is a Colombo Stock Exchange listed plantation company managed by RPC Management Services (Pvt) Ltd. Its core business is the cultivation and manufacture of high-quality black tea, operating a vertically integrated model that includes 18 estates across Upcot, Maskeliya, Talawakelle and Bandarawela and 15 owned tea processing centres equipped with modern machinery. The company uses two tea manufacturing systems (Leafy Orthodox and Rotorvane) and markets teas for auction and export under a number of selling marks, including Brunswick, Glentilt, Glenugie, Mocha and Strathspey among others. Beyond tea, Maskeliya Plantations PLC manages timber plantations and has diversified into other high-value crops such as coffee, cinnamon and various fruits to improve land productivity and revenue streams. The company emphasises sustainability and quality, noting Rainforest Alliance certification for its estates and ISO 22000:2018 certification for its factories, and pursues field development, mechanisation and value-added/speciality tea initiatives to align production with market demand.
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Colombo Stock Exchange closed higher Monday with the ASPI up 0.65% at 22,695.00 and turnover of 4.81 billion rupees, driven by buying in banking counters. Top contributors included NDB, Dialog, Melstacorp and Colombo Dockyard, while Ceylinco Insurance and Windforce were among decliners.
Dividend · Rs 4.00 · XD Apr 10, 2026
First Interim dividend of LKR 4/share; XD 2026-04-10; record 2026-04-14; payable 2026-04-30; FY ended 31st March 2026
Multiple plantation companies (Agarapatana, Elpitiya, Talawakelle, Hatton, Watawala, Kegalle, Kelani Valley, Maskeliya, Namunukula, Kahawatte and Balangoda) are running scholarship programs supporting hundreds of students; Elpitiya alone funds 100 university and 80 A/L students at a cost exceeding LKR 12.4m.
Maskeliya Plantations PLC appointed Vipula Pusselle as CEO effective 2 May 2025; he had been Acting CEO since 2023 and has over three decades of experience in the tea industry.
Laxapana Estate, managed by RPC Management Services of the Richard Pieris Group, produces up to 700,000 kg/year of western high-grown semi-orthodox black tea. The estate—historically linked to Maskeliya Plantations PLC—holds multiple quality certifications and runs sustainability and tourism initiatives.
Dividend · Rs 4.50 · XD Mar 5, 2025
First Interim dividend of LKR 4.5/share; XD 2025-03-05; record 2025-03-05; payable 2025-03-25; FY 2024/2025
Colombo Stock Exchange rebounded as the ASPI rose 0.27% to 12,290 on turnover of about Rs.1.75 billion, driven by gains in hotel counters and select plantation and telecom stocks.
Colombo market closed lower with the S&P SL20 down 0.7% and ASPI down 0.4%, while foreigners were net buyers of Rs.153.6m. Banks (e.g. Commercial Bank, Sampath) dragged indices, while Balangoda Plantations, John Keells and Hayleys Fabric led turnover with mixed price moves.
Tea saw mixed signals: the June national sales average fell to Rs 1,153.49, while June production rose 4% YoY but first-half output was hit by extreme weather and higher fertiliser costs. Exporters gained relief as the US labour-related tariff on Sri Lankan goods was cut to 10%. Meanwhile, new EU sustainability rules are driving compliance efforts, and plantations report organised theft of high-value crops hurting competitiveness.
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