Tata Tea posts net profit of Rs4 crore in Q4
Economic Times — June 4, 2007

Tata Tea has posted a net profit of Rs3.9 crore (including exceptional items) for the fourth-quarter ended March 31, 2007 compared to Rs19.3 crore in the same quarter previous fiscal. Income from opertions during the quarter increased to Rs251.2 crore compared to Rs219.1 crore, the company said. For the fiscal, the company posted a 51.7-per cent increase in profits at Rs349.8 crore compared to Rs230.5 crore in the comparable period.

On a consolidated basis, PAT for Tata Tea for FY07 grew by 48-per cent to Rs443 crore while income grew by 29-per cent to Rs4,045 crore. Tata Tea's consolidated results show that in the March 2007 quarter, its revenues were up by 41.9-per cent to Rs1,159 crore and its net profit was up by 10-per cent to Rs59.94 crore. The key reason for slower profit growth was the interest paid for acquisition finance, as profit before tax from operations was up by 71-per cent to Rs138 crore.