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Tata Coffee reports 20% fall in Q4 consolidated net profit

Mumbai : Tata Coffee has reported results for fourth quarter and year ended March 31, 2019. The company has reported a 3-fold jump in its net profit at Rs 12.19 crore for the quarter under review as compared to Rs 3.91 crore for the same quarter in the previous year. Total income of the company increased by 2.50% at Rs 212.09 crore for Q4FY19 as compared Rs 206.91 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 20.27% in its net profit at Rs 17.86 crore for the quarter under review as compared to Rs 22.40 crore for the same quarter in the previous year. However, total income of the company increased by 3.55% at Rs 464.46 crore for Q4FY19 as compared Rs 448.53 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 14.05% in its net profit at Rs 71.58 crore as compared to Rs 62.76 crore for the previous year. However, total income of the company marginally decreased by 0.63% at Rs 756.83 crore for year under review as compared to Rs 761.66 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 42.84% in its net profit at Rs 106.89 crore as compared to Rs 187.00 crore for the previous year. However, total income of the company increased by 14.66% at Rs 1,822.41 crore for year under review as compared to Rs 1,589.35 crore for year ended March 31, 2018.