Tata Coffee Q1 Net up 43% at Rs 40.38 cr

Company posted a net profit of Rs 28.18 crore in the year-ago period

Tata Coffee today reported 43% increase in its consolidated net profit at Rs 40.38 crore for the first quarter ended June 30 on lower expenses and better margins.

The company had posted a net profit of Rs 28.18 crore in the year-ago period, Tata Coffee said in a filing with BSE.

Total income from operations marginally rose to Rs 418.46 crore for the April-June quarter as against Rs 413.73 crore during the corresponding period of 2012-13 fiscal.

Shares of the company closed 5.28% higher at Rs 1,072.60 apiece on the BSE.