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 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. image source: Reuters

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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Written By: PTI
Updated: Thu, Oct 25, 2018
07:43 PM IST
PTI
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