Tata Coffee Limited (TCL) has announced 25 percent decrease in net profit at Rs24.38 crore for the quarter ended Sep 2017. The company’s sales declined by eight percent to Rs171.81 crore. TCL’s operating profit decreased by 25 percent to Rs19.34 crore and profit before depreciation and tax declined by 25 percent to Rs36.75 crore. TCL’s equity capital was at Rs18.68 crore, share price as on 28 Nov 2017, Rs175 and price earnings ratio, 27. The company’s shares of face value Re1 each, recorded 52-week high/low prices of Rs177/109.
(Indian Business Insight)
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