This Tata Group company announces its Q4 results, do you hold it?
Company’s consolidated net profit increased by 9%.
About the result
Tata Coffee has reported results for the fourth quarter (Q4) and the year ended March 31, 2023. On a consolidated basis, the company has reported a rise of 9.43% in its net profit at Rs 70.34 crore for the fourth quarter that ended March 31, 2023, as compared to Rs 64.28 crore for the same quarter in the previous year. For the year ended March 31, 2023, on a consolidated basis, the company has reported a 37.60% rise in its net profit at Rs 321.16 crore as compared to Rs 233.40 crore for the previous year.
Total income of the company increased by 10.96% at Rs 736.06 crore for Q4FY23 as compared to Rs 663.36 crore for the corresponding quarter previous year. Total income of the company increased by 20.52% at Rs 2879.56 crore as compared to Rs 2389.23 crore for the year ended March 31, 2022.
Share price moment
Tata Coffee is currently trading at Rs 206.10, down by 1.80 points or 0.87% from its previous closing of Rs 207.90 on the BSE.
The scrip opened at Rs 208 and has touched a high and low of Rs 210.20 and Rs 205 respectively. So far 79,175 shares were traded on the counter.
The BSE group 'A' stock of face value of Rs 5 has touched a 52-week high of Rs 251.50 and a 52-week low of Rs 188.60. The current market cap of the company is Rs 3,841.87 crore.
The promoters holding in the company stood at 57.48%, while Foreign Institutions and Domestic Institutions held 2.69% and 5.59% respectively.
Company profile
Tata Coffee, tracing its roots to 1922, is one of the largest integrated Coffee cultivation and processing companies in the world and the largest corporate producer of Indian Origin Pepper. With the utmost emphasis on sustainability and traceability, the company produce some of the finest Indian Origin Green Coffee Bean, Instant Coffee, Pepper and Tea. Being one of the leading players in the B2B Instant Coffee industry, the company’s assets include plants at Toopran (Telangana) and Theni (Tamil Nadu).
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