Tata Coffee today posted a 30.74% decline in its consolidated net profit at Rs 13.58 crore for the quarter ended June 30.
The Tata group firm had registered a consolidated net profit of Rs 19.61 crore for the same quarter last fiscal, Tata Coffee said in a filing to the Bombay Stock Exchange (BSE).
During the quarter under review, the firm's total income stood at Rs 335 crore, a 5.71% increase from Rs 316.89 crore in the corresponding quarter last fiscal.
On a standalone basis, the company posted a net profit of Rs 12.91 crore, a two-fold jump from Rs 5.70 crore posted in the year-ago period.
The company has a standalone total income of Rs 120.10 crore, a 28.54% increase from Rs 93.43 crore recorded in the corresponding quarter last fiscal.
Shares of Tata Coffee closed at Rs 753.55 apiece on the BSE, down 3.85% from the previous close.