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Tata Coffee down 4%

The company’s revenue from operations rose 4% on year to Rs 3.8 billion during the quarter. Shares of Tata Coffee declined by 4% to a one-month low today after the company posted a 24.4% on-year fall in consolidated net profit at Rs 228.2 million for the quarter ended September.

The company’s revenue from operations rose 4% on year to Rs 3.8 billion during the quarter. However, operating margin contracted to 18.75% in Jul-Sep from 22.79% in the corresponding period last year.

Tata Coffee Ltd is currently trading at Rs 150.3, down by Rs 6.7 or 4.27% from its previous closing of Rs 157 on the BSE. The scrip opened at Rs 153.85 and has touched a high and low of Rs 153.85and Rs 148.5 respectively.

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