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Tata Coffee profit misses consensus by 30.6% in fiscal Q3

Tata Coffee Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.10 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.58 rupees per share.

EPS climbed 72.5% year over year from 64 paise.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 205.5 million rupees, an increase of 72.5% from 119.1 million rupees in the prior-year period.

The normalized profit margin rose to 5.1% from 3.2% in the year-earlier period.

Total revenue grew 7.6% on an annual basis to 4.03 billion rupees from 3.75 billion rupees, and total operating expenses climbed 7.1% on an annual basis to 3.46 billion rupees from 3.23 billion rupees.

Reported net income declined 51.4% year over year to 183.0 million rupees, or 98 paise per share, from 376.6 million rupees, or 2.02 rupees per share.

As of Jan. 23, US$1 was equivalent to 61.41 Indian rupees.