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Tata Coffee Q3 PAT up 21pc

Posted on Jan 25, 11:45PM | IBNS

Tata Coffee Limited announced its results for the quarter ended December 31, 2012 on Friday evening.

It reported significant increase in turnover and net profit across all its businesses.

Consolidated Performance - Q3, 2012-13:

The Total Income from Operations on Y-o-Y basis was at Rs. 418 Crores.

The Company's Profit from Operations stands at Rs. 74 Crores as against Rs. 45 Crores during the same period last year, registering a growth of 65 pc .

The Profit After Tax (PAT) stands at Rs 26 Crores grew by 21pc , compared with corresponding period of the previous year.

The Instant Coffee operations registered a major gain, as also the performance of the Plantations. Eight O Clock Coffee performance continues to show an upswing.

All businesses of the Company have also recorded significant growth during the period.

Stand-Alone Performance - Q3, 2012-13:

The Total Income from Operations on a Y-o-Y basis was up 23pc at Rs. 152 Crores. The Company's Profit from Operations stands at Rs. 37 Crores as against Rs. 25 Crores during the same period previous year, registering a growth of 46pc .

Consolidated Performance - YTD December 2012:

The Total Income from Operations on Y-o-Y basis was up 12pc at Rs. 1310 Crores.

The Company's Profit from Operations stands at Rs.212 Crores as against Rs. 116 Crores during the same period last year, registering a growth of 83 pc .

The Profit After Tax (PAT) at Rs 91 Crores for YTD December 2012 grew by 74pc , compared with corresponding period of the previous year.

The Instant Coffee operations registered a major gain, as also the performance of the Plantations. Eight O Clock Coffee performance continues to show an upswing.

All businesses of the Company have also recorded significant growth during the period.

Stand-Alone Performance - YTD December 2012:

The Total Income from Operations on a Y-o-Y basis was up 26pc at Rs. 474 Crores.

The Company's Profit from Operations stands at Rs. 109 Crores as against Rs.74 Crores during the same period previous year, registering a growth of 48pc .

The Profit After Tax (PAT) for the same period grew by 61pc to Rs. 81 Crores as compared with the corresponding period of previous year.

Commenting on the overall performance, Hameed Huq, Managing Director, Tata Coffee Limited, said, "Tata Coffee has recorded an impressive performance this quarter. We continue to move up the value chain in plantations as well as our instant coffee business. There is significant improvement in Eight O Clock Coffee's performance.

"The Instant Coffee business and the Plantations business continue to record strong performance through constant innovation and process improvements."

Tata Coffee is a subsidiary of Tata Global Beverages. It is Asia's largest coffee plantation company and the thirrd largest exporter of instant coffee in the country.