Tata Coffee rose as much as 9.27 per cent to hit fresh 52-week high of Rs 139.85.
Shares of Tata Coffee rose as much as 9.27 per cent to hit fresh 52-week high of Rs 139.85 after its standalone profit surged 10 times to Rs 40 crore from Rs 3.99 crore during the same quarter last year. Its revenue from operations rose 30 per cent to Rs 219 crore from Rs 167 crore during the same quarter last year.
For financial year 2021, Tata Coffee s net profit came in at Rs 101 crore compared with Rs 73 crore during the previous financial year. Volume and pricing pressures on Instant Coffee business due to lower short-term demand with Out-of-Home channels impacted across the globe, Tata Coffee said in a press release.
Tata Coffee rose 2.51% to Rs 114.35 after consolidated net profit jumped 26.59% to Rs 31.52 crore on 6.3% increase in net sales to Rs 532.76 crore in Q3 December 2020 over Q3 December 2019.
Consolidated total income was driven by improved performance from the group s value-added businesses. Profit before tax (PBT) soared 15.2% to Rs 67.98 crore in Q3 December 2020 as against Rs 59.03 crore in Q3 December 2019. Current tax expense for the quarter fell 0.3% to Rs 15.14 crore as against Rs 15.18 crore in Q3 December 2019. The Q3 result was declared after market hours yesterday, 27 January 2021.
Robust operating performance from subsidiary Eight O Clock Coffee [EOC] was aided by higher sales realisations and favourable channel mix. Tata Coffee Vietnam operations continue to improve with robust sales to key customers and healthy order pipeline, the company s disclosure stated.
TATA Coffee Ltd Q3FY21 consolidated net profit climbs to Rs. 31.52 crore
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TATA COFFEE LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.538.19 crores during the period ended December 31, 2020 as compared to Rs.546.63 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.31.52 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.23.20 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.1.69 for the period ended December 31, 2020 as compared to Rs.1.24 for the period ended September 30, 2020.