TATA COFFEE Announces Quarterly Results (2QFY21); Net Profit Up 5.7%

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TATA COFFEE Announces Quarterly Results (2QFY21); Net Profit Up 5.7%
Fri, 30 Oct

TATA COFFEE has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

TATA COFFEE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m4,8125,8755,434-7.5%12.9%
Other incomeRs m484332-26.1%-33.6%
TurnoverRs m4,8615,9195,466-7.6%12.5%
ExpensesRs m4,0184,7694,547-4.7%13.2%
Gross profitRs m7941,106887-19.8%11.7%
DepreciationRs m199209207-1.2%3.9%
InterestRs m174150134-10.6%-23.3%
Profit before taxRs m469791579-26.8%23.3%
TaxRs m68175155-11.4%127.5%
Profit after taxRs m401616424-31.2%5.7%
Gross profit margin%16.518.816.3
Effective tax rate%14.522.126.7
Net profit margin%8.310.47.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 12.9% on a year-on-year (YoY) basis. The expenses were up by 13.2% YoY during the same period.
  • The company's operating profit increased by 11.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 2QFY21 as against 16.5% in 2QFY20.
  • Depreciation charges increased by 3.9% and finance costs declined by 23.3% YoY, respectively.
  • Other income declined by 33.6% YoY during the quarter.
  • Net profit for the quarter increased by 5.7% YoY. Net profit margins during the quarter declined from 8.3% in 2QFY20 to 7.8% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.7% QoQ during the same period.
  • The company's operating profit declined by 19.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.3% in 2QFY21 as against 18.8% in 1QFY20.
  • Net profit for the quarter declined by 31.2% QoQ, while net profit margins declined from 10.4% in 1QFY20 to 7.8% in 2QFY21.

To see how TATA COFFEE has performed over the last eight quarters,please visit here.

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TATA COFFEE Share Price Performance

Over the last one year, TATA COFFEE share price has moved up from Rs 83.5 to Rs 101.7, registering a Gain of Rs 18.2 or around 21.8%.

Overall, the S&P BSE SENSEX is down 0.8% over the year.

Current Valuations

At the current price of Rs 101.7, the price to earnings (P/E) ratio of TATA COFFEE stands at 11.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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