Oct 19, 2016, 09.45 PM | Source: PTI
Tata Coffee Ltd today reported 62 per cent increase in its consolidated net profit at Rs 44.65 crore for the quarter ended September 30.
Its net profit stood at Rs 27.58 crore in the year-ago period, the company said in a regulatory filing.
The company's income from operations, however, fell to Rs 371.77 crore during July-September period of this fiscal from Rs 402.43 crore in the corresponding period of the previous year.
Tata Coffee's net profit rose despite fall in sales as total expenditure declined to Rs 298.10 crore from Rs 355.85 crore during the period under review.
In the first half of 2016-17 fiscal, the company's net profit almost doubled to Rs 108.75 crore from Rs 54.79 crore in the year-ago period.
Income from operations went up to Rs 797.96 crore during April-September period of 2016-17 fiscal from Rs 754.29 crore in the corresponding period of the previous year.