trending Market Intelligence /marketintelligence/en/news-insights/trending/4lrhX_cAVsf4mQ4YeiCa0w2 content esgSubNav
In This List

Tata Coffee profit beats consensus by 74.0% in fiscal Q4

Blog

COP26: Implications for the Financial Sector

Blog

Global 5G Survey: Operators push past COVID-19 to accelerate 5G network upgrades

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Investment Banking Essentials Newsletter 2021: December Edition


Tata Coffee profit beats consensus by 74.0% in fiscal Q4

Tata Coffee Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 1.98 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.14 rupees per share.

EPS rose 80.6% year over year from 1.10 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 370.6 million rupees, an increase of 80.5% from 205.3 million rupees in the year-earlier period.

The normalized profit margin increased to 7.0% from 4.7% in the year-earlier period.

Total revenue climbed 19.3% on an annual basis to 5.25 billion rupees from 4.40 billion rupees, and total operating expenses rose 13.4% year over year to 4.39 billion rupees from 3.87 billion rupees.

Reported net income increased from the prior-year period to 394.2 million rupees, or 2.11 rupees per share, from 163.2 million rupees, or 87 paise per share.

For the year, the company's normalized net income totaled 6.01 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 5.47 rupees.

EPS declined 17.5% from 7.29 rupees in the prior year.

Normalized net income was 1.12 billion rupees, a decline of 17.5% from 1.36 billion rupees in the prior year.

Full-year total revenue amounted to 16.91 billion rupees, compared with 16.77 billion rupees in the prior year, and total operating expenses totaled 14.01 billion rupees, compared with 14.05 billion rupees in the year-earlier period.

The company said reported net income increased 47.8% on an annual basis to 1.20 billion rupees, or 6.45 rupees per share, in the full year, from 814.8 million rupees, or 4.36 rupees per share.

As of July 3, US$1 was equivalent to 63.43 Indian rupees.