Tata Coffee lost 2.61% to Rs 89.60 at 13:55 IST on BSE after consolidated net profit fell 13% to Rs 34 crore on 1% growth in total income from operations to Rs 457 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 16 May 2016.Meanwhile, the S&P BSE Sensex was up 215.90 points or 0.84% at 25,869.13.
On BSE, so far 97,000 shares were traded in the counter as against average daily volume of 70,175 shares in the past one quarter. The stock hit a high of Rs 91 and a low of Rs 89.15 so far during the day. The stock had hit a 52-week low of Rs 81.70 on 17 February 2016. The stock had hit a 52-week high of Rs 114 on 11 January 2016. The stock had outperformed the market over the past one month till 16 May 2016, gaining 1.55% compared with the Sensex's 0.1% rise. The scrip had, however, underperformed the market in past one quarter, advancing 7.6% as against Sensex's 10.61% rise.
The small-cap company has equity capital of Rs 18.68 crore. Face value per share is Rs 1.
Tata Coffee registered a marginal increase in top line driven by improved performance of value added products. The decline in bottom line was due to lower plantation profits during the quarter.
Tata Coffee's Managing Director Sanjiv Sarin said that the company continues to grow its instant coffee portfolio in a robust manner focusing on enhanced sales in key geographies and strengthening customer relationships.
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Tata Coffee is Asia's largest integrated coffee company, the third largest exporter of instant coffee and foremost producer of specialty coffee in India.
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