Shares of Tata Coffee jumped over 3 per cent on the Bombay stock Exchange after it reported over three-fold jump in consolidated net profit to Rs 45.69 crore for the quarter March 2017. Its net profit stood at Rs 13.65 crore in the year-ago period,ended the company said in a regulatory filing.
The company's total income from operations remained flat at Rs 407 crore. During the entire 2016-17 fiscal, the company's net profit increased to Rs 151 crore from Rs 83 crore in the last fiscal. Driven by strong Q4, shares of the company gained as much as 3.57 per cent at Rs 134.50 apiece on the Bombay Stock Exchange.
In a similar fashion, stocks of firm were trading 3.18 per cent higher at Rs 134.45 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,633.94, up 196.23 points or 0.64 per cent, at 10:45 hours.