Tata Coffee Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.48 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.86 rupees per share.
EPS decreased 58.3% year over year from 3.55 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 276.6 million rupees, a decrease of 58.3% from 662.5 million rupees in the prior-year period.
The normalized profit margin fell to 6.8% from 14.5% in the year-earlier period.
Total revenue declined 11.0% year over year to 4.06 billion rupees from 4.56 billion rupees, and total operating expenses fell 14.1% year over year to 3.27 billion rupees from 3.81 billion rupees.
Reported net income totaled 323.6 million rupees, or 1.73 rupees per share, compared to a loss of 128.8 million rupees, or a loss of 69 paise per share, in the year-earlier period.
As of Oct. 21, US$1 was equivalent to 61.15 Indian rupees.
