Tata Tea subsidiary, Consolidated Coffee has recorded an impressive operating performance in the 2QFY2000. Net profit is up 116% to Rs 84 m and turnover has zoomed by 74% to Rs 663 m. The company's actual net profit is up only 22% to Rs 48 m, because of an extraordinary provision of Rs 37 m towards diminution in value of investments. As such the net profit margin has actually gone down to 7.2% compared to 10.2% in the corresponding period in the previous period.
(Rs m) | 2QFY2000 | 2QFY1999 | |
Net Sales | 663 | 382 | 73.6% |
Other Income | 3 | 2 | 53.6% |
Expenditure | 549 | 305 | 79.6% |
Interest | 12 | 13 | -11.6% |
Depreciation | 12 | 8 | 54.9% |
Profit before Tax | 93 | 57 | 62.9% |
Tax | 9 | 18 | -50.3% |
Profit after Tax | 84 | 39 | 115.6% |
Net profit margin | 12.7% | 10.2% |
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