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Tata Coffee reports 74% fall in Q3 consolidated net profit

30 Jan 2019 Evaluate

Tata Coffee has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 57.21% in its net profit at Rs 15.91 crore for the quarter under review as compared to Rs 10.12 crore for the same quarter in the previous year. Total income of the company increased by 3.11% at Rs 184.09 crore for Q3FY19 as compared Rs 178.54 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 73.81% in its net profit at Rs 11.23 crore for the quarter under review as compared to Rs 42.88 crore for the same quarter in the previous year. However, total income of the company increased by 30.14% at Rs 470.25 crore for Q3FY19 as compared Rs 361.35 crore for the corresponding quarter previous year.

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