TATA COFFEE Announces Quarterly Results (4QFY18); Net Profit Down 62.5%
Thu, 19 Jul

TATA COFFEE has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

TATA COFFEE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m3,9493,7714,40416.8%11.5%
Other incomeRs m116438190.1%-30.2%
TurnoverRs m4,0653,8144,48517.6%10.4%
ExpensesRs m2,8793,0174,03033.6%40.0%
Gross profitRs m1,069653368-43.7%-65.6%
DepreciationRs m1451321352.6%-6.4%
InterestRs m1068510724.7%0.2%
Profit before taxRs m935478207-56.7%-77.9%
TaxRs m337-368-17-105.1%
Profit after taxRs m598846224-73.5%-62.5%
Gross profit margin%27.117.38.3
Effective tax rate%36.0-76.9-8.3
Net profit margin%14.722.25.0
* 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 11.5% on a year-on-year (YoY) basis. The expenses were up by 40.0% YoY during the same period.
  • The company's operating profit declined by 65.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 4QFY18 as against 27.1% in 4QFY17.
  • Depreciation charges and finance costs declined by 6.4% YoY and 0.2% YoY, respectively.
  • Other income declined by 30.2% YoY during the quarter.
  • Net profit for the quarter declined by 62.5% YoY. Net profit margins during the quarter declined from 14.7% in 4QFY17 to 5.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.6% QoQ during the same period.
  • The company's operating profit declined by 43.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 4QFY18 as against 17.3% in 3QFY17.
  • Net profit for the quarter declined by 73.5% QoQ, while net profit margins declined from 22.2% in 3QFY17 to 5.0% in 4QFY18.

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

TATA COFFEE Share Price Performance

Over the last one year, TATA COFFEE share price has moved up from Rs 141.3 to Rs 108.7, registering a Loss of Rs -32.7 or around 23.1%.

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 108.7, the price to earnings (P/E) ratio of TATA COFFEE stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.