27 May 2019 | 12:20 AM

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COMPANYNEWS
Tata Global Beverage Q4 net profit up 0.19% at Rs 53.26 cr
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Published on 04-23-2019
The company reported standalone net profit of Rs 53.26 crore for the quarter ended March 31 2019 as compared to Rs 53.16 crore in the same period last year registering a year-on-year growth of 0.19 per cent.


Net revenue of the company rose moderately by 9.71 per cent at Rs 784.05 crore in January-March quarter of this fiscal as against Rs 714.65 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 12.50 per cent to Rs 724.99 crore from Rs 644.46 crore in year ago period.


Other Income grew by 10.41 per cent at Rs 26.61 crore versus (Mar`18 Rs 24.10 crore).


Operating Profit slipped by 15.86 per cent to Rs 59.06 crore as against Rs 70.19 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 23.32 per cent in March quarter.


Interest declined by 7.95 per cent y-o-y to Rs 3.24 crore while Taxation decreased by 17.58 per cent at Rs 20.44 crore (Mar`18 Rs 24.80 crore).