Tata Coffee Q2 net profit up 11.39pc
Tata Coffee Thursday posted an 11.39 per cent jump in consolidated net profit at Rs 25.42 crore for the second quarter of 2018-19 on strong sales.
Tata Coffee Thursday posted an 11.39 per cent jump in consolidated net profit at Rs 25.42 crore for the second quarter of 2018-19 on strong sales. The company had clocked a net profit of Rs 22.82 crore in the same quarter last year, according to a regulatory filing by the company.
Net income increased to Rs 461.48 crore during the July-September quarter of 2018-19 from Rs 387.34 crore in the year-ago quarter.
Expenses also increased to Rs 422.38 crore in the quarter from Rs 332.56 crore in the year-ago period.
Shares of the company fell 1.82 per cent to settle at Rs 94.60 apiece on BSE.
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