Business

Tata Coffee Sheds 2% After Net Profit Falls 25% To Rs 46 Crore In June Quarter

[ad_1]

Tata Coffee Sheds 2% After Net Profit Falls 25% To Rs 46 Crore In June Quarter

Shares of Tata Coffee settled 1.56 per cent lower at Rs 211.40 apiece on the BSE.

Share price of Tata Coffee declined around two per cent on Thursday, July 29, a day after the company announced its April-June quarter results for the financial year 2021-22. On Thursday, Tata Coffee opened on the BSE at Rs 213, witnessing an intra day high of Rs 219.65 and an intra day low of Rs 206.70, throughout the trading session. Tata Coffee reported a net profit of Rs 46 crore on a consolidated basis in the first quarter of the current fiscal, compared to Rs 61.6 crore in the corresponding quarter last year, marking a decline of 25 per cent year-on-year.

The company’s revenue from operations in the June quarter stood at Rs 532 crore, compared to Rs 587 crore in the same quarter last year, marking a decline of 9.36 per cent year-on-year. The total income stood at Rs 538 crore, compared to Rs 592 crore in the corresponding period last year, marking a decline of nine per cent year-on-year.

In the preceding January-March quarter of the financial year 2020-21, Tata Coffe reported a net profit of Rs 57.37 crore on a consolidated basis. On a sequential basis, the company’s net profit has declined 19 per cent quarter-on-quarter.

On the NSE, Tata Coffee opened at Rs 211.70, inching to an intra day high of Rs 219.75 and an intra day low of Rs 206.15, in the session today. It settled 1.77 per cent lower at Rs 211.30 apiece on the NSE.

Shares of Tata Coffee settled 1.56 per cent lower at Rs 211.40 apiece on the BSE. 

[ad_2]
Source link

Show More

Related Articles

Back to top button

Adblock Detected

Please disable your Ad-Blocker in order to view our site