Tata Coffee Q4 net profit down over 12%

Tata Coffee today reported 12.52% fall in consolidated net profit to Rs 25.22 crore for the quarter ended March 31, as against Rs 28.83 crore in the year-ago period, due to a loss in a Group firm.

However, profit from the normal business grew 58% to 46.66 crore in the fourth quarter of the 2012-13 fiscal, as against Rs 29.53 crore in the same quarter last year, the company said in a filing to the BSE.

Total income during Q4 increased to Rs 387.83 crore, as compared to Rs 382.01 crore in the year-ago period.

Much of the income came from its coffee products division, revenue of which increased to Rs 361.57 crore from Rs 359.13 crore in Q4, 2011-12.

Revenue from tea segment increased to Rs 18.41 crore in Q4, from Rs 13.29 crore in the year-ago period.

However, the income from the estate supplies division fell to Rs 9.27 crore, from Rs 13.73 crore.

For the entire 2012-13 fiscal, its consolidated net profit increased to Rs 116.23 crore, as against Rs 81.19 crore in the previous fiscal.

The total income increased to Rs 1,697.35 crore, from Rs 1,549 crore.

Tata Coffee said its Board has approved a final dividend of Rs 7.50 per share at face value of Rs 10 each totalling Rs 14 crore for 2012-13 fiscal subject to shareholders' nod.

The company scrip fell 0.84% to settle at Rs 1,637.25 on the BSE.