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Tata Coffee Q3 net profit rises to Rs 69.46 crore

The company had clocked a net profit of Rs 50.18 crore in the same quarter of the previous financial year, according to a BSE filing.

January 28, 2022 / 06:24 PM IST

Tata Coffee Ltd on Friday posted a 38.42 per cent jump in consolidated net profit at Rs 69.46 crore in the three months ended December 2021 on the back of strong revenues.

The company had clocked a net profit of Rs 50.18 crore in the same quarter of the previous financial year, according to a BSE filing.

Net revenue increased on a consolidated basis by 17.51 per cent to Rs 626.07 crore in the third quarter of this fiscal. In the year-ago period, the same stood at Rs 532.76 crore.

The company’s expenses remained higher at Rs 541.36 crore as against Rs 470.21 crore in the said period.