Tata Coffee has moved higher by 6% to Rs 1,082 after reporting a robust 43% year-on-year (yoy) jump in consolidated net profit at Rs 40 crore for the quarter ended June 30, 2013, due to lower raw material and finance cost. The company had profit of Rs 28 crore in year ago quarter.
Net sales however, grew marginally by 1% at Rs 418 crore for the quarter against Rs 414 crore in the corresponding quarter of previous fiscal. EBITDA margins improved substainally to 24.52% from 16.61% during the recently concluded quarter.
The stock opened at Rs 1,028 and hit a high of Rs 1,103 after the announcement of results. A combined 492,268 shares have changed hands so far on NSE and BSE.
Net sales however, grew marginally by 1% at Rs 418 crore for the quarter against Rs 414 crore in the corresponding quarter of previous fiscal. EBITDA margins improved substainally to 24.52% from 16.61% during the recently concluded quarter.
The stock opened at Rs 1,028 and hit a high of Rs 1,103 after the announcement of results. A combined 492,268 shares have changed hands so far on NSE and BSE.
