Improved operational performance helped Tata Coffee Ltd report an increase in standalone net profit at ₹43.66 crore for the March quarter against corresponding last quarter's ₹13.47 crore. Operational income for the March quarter was up 15 per cent at ₹173.91 crore (₹151.32 crore). The board has recommended a dividend of ₹1.30 per share for the year-ended March 2015.
The shares of Tata Coffee ended marginally higher at ₹90.15 on the BSE on Friday.
For the year-ended March 2015, the standalone profit was lower by 5 per cent at ₹101.56 crore due to the lower plantation crop that was available for sale during the year.
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Published on May 15, 2015
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