This Article is From Jan 25, 2013

Tata Coffee Q3 net profit up 54%

New Delhi:

Tata Coffee today said its standalone net profit rose 54 per cent to Rs 29.20 crore during its third quarter ended December 31.

Its net profit stood at Rs 18.99 crore in the year-ago period, the company said in a statement to the Bombay stock Exchange (BSE).

"The company's operations have registered an impressive growth during the current quarter. The instant coffee sales were at a higher unit realisation," Tata Coffee said.

The strengthening of the US dollar also reflected positively on the green coffee and instant coffee operations, it added.

The company's total income rose by 23 per cent to Rs 152.12 crore during the third quarter of the current fiscal, from Rs 123.95 crore in the same period last year.

Tata Coffee shares traded firm by 4 per cent to close at Rs 1,586 on the BSE.