27 May 2019 | 12:23 AM

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COMPANYNEWS
Tata Coffee Q4 net profit zooms 211.76% at Rs 12.19 cr
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Published on 04-20-2019
The company reported standalone net profit of Rs 12.19 crore for the quarter ended March 31 2019 as compared to Rs 3.91 crore in the same period last year registering a year-on-year growth of 211.76 per cent.


Net revenue of the company rose moderately by 8.02 per cent at Rs 201.25 crore in January-March quarter of this fiscal as against Rs 186.30 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 3.41 per cent to Rs 187.74 crore from Rs 194.36 crore in year ago period.


Other Income dipped by 47.40 per cent at Rs 10.84 crore versus (Mar`18 Rs 20.61 crore).


Operating Profit surged by 267.62 per cent to Rs 13.51 crore as against Rs -8.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 254.97 per cent in March quarter.


Interest declined by 47.35 per cent y-o-y to Rs 1.89 crore while Taxation increased by 730.43 per cent at Rs 4.35 crore (Mar`18 Rs -0.69 crore).