Tata Coffee Q1 net declines 30.74%

Tata Coffee had registered a consolidated net profit of Rs 19.61 cr for quarter ended June 30,2010.

Tata Coffee posted a 30.74 per cent decline in its consolidated net profit at Rs 13.58 crore for the quarter ended June 30,2011,as against the same period last fiscal.

The Tata group firm had registered a consolidated net profit of Rs 19.61 crore for the quarter ended June 30,2010,Tata Coffee said in a filing to the Bombay Stock Exchange (BSE).

During the quarter under review,the firm’s total income stood at Rs 335 crore,a 5.71 per cent increase from Rs 316.89 crore in the corresponding quarter last fiscal.

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On a standalone basis,during the quarter Tata Coffee had a net profit of Rs 12.91 crore,a two-fold jump from Rs 5.70 crore posted in the year-ago period.

The company had a standalone total income of Rs 120.10 crore,a 28.54 per cent increase from Rs 93.43 crore recorded in the corresponding quarter last fiscal.

Shares of Tata Coffee closed at Rs 753.55 apiece on the BSE,down 3.85 per cent from the previous close.

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