Home / BUSINESS / Tata Global Beverages surges on reporting 12% rise in Q1 consolidated net profit

Tata Global Beverages surges on reporting 12% rise in Q1 consolidated net profit

Tata Global Beverages is currently trading at Rs. 256.05, up by 3.80 points or 1.51% from its previous closing of Rs. 252.25 on the BSE.

The scrip opened at Rs. 251.25 and has touched a high and low of Rs. 261.30 and Rs. 250.20 respectively. So far 33206 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 277.50 on 27-Jun-2019 and a 52 week low of Rs. 177.50 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 260.50 and Rs. 245.70 respectively. The current market cap of the company is Rs. 15920.25 crore.

The promoters holding in the company stood at 34.45%, while Institutions and Non-Institutions held 39.73% and 25.81% respectively.

Tata Global Beverages has reported a fall of 28.17% in its net profit at Rs 106.10 crore for the quarter ended June 30, 2019 as compared to Rs 147.71 crore for the same quarter in the previous year. However, total income of the company increased by 4.00% at Rs 1,007.22 crore for Q1FY20 as compared Rs 968.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 11.61% in its net profit at Rs 149.11 crore for the quarter under review as compared to Rs 133.60 crore for the same quarter in the previous year. Total income of the company increased by 5.27% at Rs 1,927.66 crore for Q1FY20 as compared Rs 1,831.11 crore for the corresponding quarter previous year.

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