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Tata Coffee reports 37% fall in Q1 consolidated net profit

27 Jul 2018 Evaluate

Tata Coffee has reported results for first quarter ended June 30, 2018.

The company has reported a fall of 46.37% in net profit at Rs 13.06 crore for the quarter under review as compared to net profit of Rs 24.35 crore for the same quarter in the previous year. Total income of the company decreased by 12.21% at Rs 163.15 crore for Q1FY19 as compared Rs 185.85 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 37.25% in its net profit at Rs 21.63 crore for the quarter under review as compared to Rs 34.47 crore for the same quarter in the previous year. However, total consolidated income of the company increased by 14.54% at Rs 426.22 crore for Q1FY19 as compared Rs 372.13 crore for the corresponding quarter previous year.

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