Tata Coffee Q4 net profit zooms 907.27% at Rs 40.19 cr
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The company reported standalone net profit of Rs 40.19 crore for the quarter ended March 31, 2021 as compared to Rs 3.99 crore in the same period last year, registering a year-on-year growth of 907.27 per cent. Net revenue of the company rose substantially by 30.09 per cent at Rs 217.65 crore in January-March quarter of this fiscal as against Rs 167.31 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 16.21 per cent to Rs 193.59 crore from Rs 166.58 crore in year ago period. Other Income grew by 128.72 per cent at Rs 31.86 crore versus (Mar'20 Rs 13.93 crore).
Operating Profit surged by 3195.89 per cent to Rs 24.06 crore as against Rs 0.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2411.36 per cent in March quarter. Interest declined by 45.40 per cent y-o-y to Rs 0.95 crore, while Taxation increased by 259.26 per cent at Rs 8.73 crore (Mar'20 Rs 2.43 crore).
