Tata Coffee announced results after market hours on Monday, 13 May 2013.
Meanwhile, the S&P BSE Sensex was up 62.66 points or 0.32% at 19,754.33.
On BSE, 11,816 shares were traded in the counter as against average daily volume of 23,289 shares in the past one quarter.
The stock hit a high of Rs 1,595 and a low of Rs 1,550 so far during the day. The stock had hit a record high of Rs 1,675 on 8 May 2013. The stock had hit a 52-week low of Rs 822 on 15 May 2012.
The stock outperformed the market over the past one month till 13 May 2013, rising 9.79% compared with the Sensex's 7.94% gain. The scrip had also outperformed the market in past one quarter, advancing 9.67% as against Sensex's 0.43% rise.
The mid-cap company has equity capital of Rs 18.68 crore. Face value per share is Rs 10.
Tata Coffee reported 43.2% rise in consolidated net profit to Rs 116.23 crore on 8.6% rise in net sales to Rs 1661.11 crore in the year ended March 2013 over the year ended March 2012.
Tata Coffee said that during the twelve months period, the company's overseas subsidiary Eight O Clock Coffee (EOC) has shown a continuous improvement in its operating performance. EOC's total income in the current twelve months period is at Rs 1099.27 crore as against Rs 1040.49 crore in the previous year. Profit before tax stood at Rs 101.44 crore as against loss of Rs 4.20 crore in the corresponding period.
Tata Coffee board of directors at its meeting held on 13 May 2013 recommended a final dividend of Rs 7.50 per share for the year ended 31 March 2013. Earlier, the company had declared an interim dividend of Rs 5 per share on 12 September 2012 for the year ended 31 March 2013.
Tata Coffee is an integrated coffee plantation company. It has a hand in every aspect of the coffee making process, with business activities ranging from growing and curing of coffee and tea to the manufacture and marketing of value-added coffee products. Tata Coffee grows coffee on its own estates, processes the beans, exports green coffee, manufactures and exports Instant Coffee and retails coffee with its own branding in the domestic market.
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