TATA Coffee Ltd Q3FY21 consolidated net profit climbs to Rs. 31.52 crore

TATA COFFEE LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.538.19 crores during the period ended December 31, 2020 as compared to Rs.546.63 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.31.52 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.23.20 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.69 for the period ended December 31, 2020 as compared to Rs.1.24 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 538.19 crs	₹ 546.63 crs	-1.54%
Net Profit	₹ 31.52 crs	₹ 23.20 crs	35.86%
EPS	₹ 1.69	₹ 1.24	36.29%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.538.19 crores during the period ended December 31, 2020 as compared to Rs.505.75 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.31.52 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.24.90 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.69 for the period ended December 31, 2020 as compared to Rs.1.33 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 538.19 crs	₹ 505.75 crs	6.41%
Net Profit	₹ 31.52 crs	₹ 24.90 crs	26.59%
EPS	₹ 1.69	₹ 1.33	27.07%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1676.68 crores during the 9 months period ended December 31, 2020 as compared to Rs.1463.32 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.90.66 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.72.54 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.4.85 for the 9 months period ended December 31, 2020 as compared to Rs.3.88 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1676.68 crs	₹ 1463.32 crs	14.58%
Net Profit	₹ 90.66 crs	₹ 72.54 crs	24.98%
EPS	₹ 4.85	₹3.88	25%

Commenting on the performance of the Company and the Group, Mr. Chacko P. Thomas, Managing Director, Tata Coffee Limited, said "Despite challenging conditions our overall performance has seen improvement. Our India Instant Coffee exports for the quarter have been lower due to logistics, port congestion, global shortage of containers and further lockdowns in Europe. However, we see this as a temporary issue. We have seen stable performances across key geographies. Our Vietnam operations continue to be robust and order pipeline continues to be healthy. Our Tea performance during the quarter has been strong benefitting from improved realisations. We see slowdown in demand in some geographies in the short-term, especially in the 'Out of Home' consumption due to the pandemic situation. The Company continues to drive aggressively cost optimization initiatives across its operations. Our Subsidiary, Eight O'Clock Coffee [EOC] has recorded improved performance driven by increased realisations and favourable channel mix. Focus on innovations continues with increased momentum."

Shares of TATA COFFEE LTD. was last trading in BSE at Rs.111.55 as compared to the previous close of Rs. 116.5. The total number of shares traded during the day was 82715 in over 1442 trades.

The stock hit an intraday high of Rs. 116.5 and intraday low of 109.8. The net turnover during the day was Rs. 9407382.

Source : Equity Bulls

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