Tata Coffee posts 14.96 percent decline in Q2 net profit

Kolkata, Oct 21 (IANS) Tata Coffee Ltd on Wednesday posted a decline of 14.96 percent in its net profit at Rs.27.52 crore for the quarter ended September 30 this year.

The same during the July-September timeframe last year stood at Rs.32.36 crore.

Its total revenue, during the fiscal quarter under review rose by 2.78 percent at Rs.452.65 crore as against Rs.440.41 crore in the corresponding quarter in 2014.

Expenses also shot up by 9.07 percent at Rs.394.86 crore in the three months under consideration of the ongoing fiscal year as compared to Rs.362.02 crore in the July-September timeframe in 2014.

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