Tata Coffee Q1 net profit up 9.88% at Rs 14.35 cr
25/07/2019 19:00
The company reported standalone net profit of Rs 14.35 crore for the quarter ended June 30, 2019 as compared to Rs 13.06 crore in the same period last year, registering a year-on-year growth of 9.88 per cent.

Net revenue of the company rose substantially by 25.90 per cent at Rs 200.30 crore in April-June quarter of this fiscal as against Rs 159.09 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 28.16 per cent to Rs 177.44 crore from Rs 138.45 crore in year ago period.

Other Income grew by 19.46 per cent at Rs 4.85 crore versus (Jun'18 Rs 4.06 crore).

Operating Profit surged by 10.76 per cent to Rs 22.86 crore as against Rs 20.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.03 per cent in June quarter.

Interest grew by 15.30 per cent y-o-y to Rs 2.11 crore, while Taxation increased by 21.84 per cent at Rs 5.30 crore (Jun'18 Rs 4.35 crore).