Tata Coffee - Q3 FY13 Results First-Cut - Microsec

Tata Coffee announced its Q3 FY13 results on 25 Jan 2013.

The company's Consolidated Net Sales increased by 1% YOY to INR418 crore YOY and it's EBITDA increased by 54% YOY to INR84 crore. EBITDA Margin of the company increased from 13.1% to 20.1% YOY. Adjusted PAT increased by 53% YOY to INR36 crore. PAT incl EO increased by 21% yoy to INR26 crore.

In 9M FY13, Its consolidated net sales jumped by 12% to INR1310 crore and adjusted PAT jumped by 60% to INR102 crore. The company's overseas subsidiary Eight O Clock Coffee has shown continuous improvement as the profitability increased to INR65.3 crore vis a vis INR5.43 crore . At the CMP INR1584, the stock discounts its FY13E EPS of INR69 by 22.9x. The stock has jumped up by ~50% since our recommendation at the level of INR1055.

Source : Equity Bulls

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