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Our businesses > Tata companies > Tata Global Beverages > Media releases |
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October 23, 2000
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Tata Coffee Limited
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Unaudited financial results (provisional) for the half year ended 30th September 2000
| Rs/Crore |
| Particulars |
Quarter ended 30 Sept
Unaudited |
Six months period Ended 30 Sept Unaudited |
Previous Accounting year ended 31.03.2000 |
| 2000 |
1999 |
2000 |
1999 |
Audited |
| Income from operations |
5084.55 |
6609.28 |
10168.21 |
10577.19 |
21569.11 |
| Other income |
107.96 |
47.23 |
149.45 |
68.45 |
218.69 |
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| Total income |
5192.51 |
6656.51 |
10317.66 |
10645.64 |
21787.80 |
| Expenditure |
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| a. Raw materials / stores |
2061.44 |
1255.83 |
4181.91 |
2470.15 |
5541.71 |
| b. Employee cost |
601.55 |
681.06 |
1354.30 |
1451.23 |
4084.95 |
| c. Other expenditure |
1571.69 |
1371.46 |
3235.94 |
2503.37 |
7256.04 |
| d. (Accretion) decretion to stock |
509.48 |
5487.18 |
158.20 |
2087.68 |
(62.02) |
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| Total expenditure |
4744.16 |
5487.18 |
8930.35 |
8512.43 |
16820.68 |
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| Gross profit before interest & depreciation |
448.35 |
1169.33 |
1387.31 |
2133.21 |
4967.12 |
| Less : interest |
222.43 |
117.77 |
324.56 |
220.83 |
437.20 |
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| Gross profit after interest but before & depreciation |
225.92 |
1051.56 |
1062.75 |
1912.38 |
4529.92 |
| Less : depreciation |
143.66 |
119.11 |
286.60 |
239.82 |
563.40 |
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| Profit before extraordinary item & tax |
82.26 |
932.45 |
776.15 |
1672.56 |
3966.52 |
| Less : extraordinary item |
42.50 |
366.61 |
42.50 |
366.1 |
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| Profit before tax |
39.76 |
565.84 |
733.65 |
1305.95 |
3966.52 |
| Less : tax |
(67.80) |
90.41 |
28.72 |
390.39 |
1355.00 |
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| Profit after tax |
107.56 |
475.43 |
704.93 |
915.58 |
2611.52 |
| Paid up equity shrare capital (Face Value = Rs 10 per share) |
1246.87 |
950.70 |
1246.87 |
950.70 |
1246.87 |
| Share capital pending allotment |
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296.17 |
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296.17 |
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| Reserves excluding revaluation reserve |
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10932.69 |
Earnings per share for the period and for pervious year
(Rs.per Share) |
0.86 |
3.81 |
5.65 |
7.34 |
20.94 |
Notes:
- The company's post-merger results have improved substantially in all areas and this is also reflected in the earnings per share.
- The Company`s business being seasonal in nature,the Finance Results for the quater are not indicative of the expected Financial Results for the year.
- The company has signed an Agreement for the sale of its entire Equity holdings in Saptarishi Agro Industries Ltd.,to Global Green Company Limited, New Delhi.Full provision has been made in the Accounts under "Extraordinary Item" for diminution in value of Investment.
- The Company has acquired a coffee estate in Kodagu viz, Coovercolly Estate comparising of 1320.88 acres from Kothari Industrial Corporation Limited.With the acquisition of this estate ,the company`s total acreage has increased to 19,751 acres.The Intrest expenditure Includes a charge of Rs.84.82 Lakhs,consequent to this acqisition.
- The above results were taken on record at the Meeting of the Board of Directors held on 23rd October,2000
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Place: Chennai
Dated: 23 October 2000 |
For Consolidated Coffee Limited
R. K. Krishna Kumar
Chairman |
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