Shares of Tata Coffee settled 1.56 per cent lower at Rs 211.40 apiece on the BSE.Share rate of Tata Coffee decreased around 2 per cent on Thursday, July 29, a day after the business announced its April-June quarter results for the financial year 2021-22.
On Thursday, Tata Coffee opened on the BSE at Rs 213, seeing an intra day high of Rs 219.65 and an intra day low of Rs 206.70, throughout the trading session.
Tata Coffee reported a net profit of Rs 46 crore on a combined basis in the first quarter of the current financial, compared to Rs 61.6 crore in the corresponding quarter in 2015, marking a decrease of 25 per cent year-on-year.
The business's revenue from operations in the June quarter stood at Rs 532 crore, compared to Rs 587 crore in the same quarter in 2015, marking a decline of 9.36 percent year-on-year.
The overall income stood at Rs 538 crore, compared to Rs 592 crore in the matching period in 2015, marking a decline of nine per cent year-on-year.
In the preceding January-March quarter of the fiscal year 2020-21, Tata Coffe reported a net earnings of Rs 57.37 crore on a combined basis.
On a consecutive basis, the company's net revenue has actually decreased 19 per cent quarter-on-quarter.
On the NSE, Tata Coffee opened at Rs 211.70, inching to an intra day high of Rs 219.75 and an intra day low of Rs 206.15, in the session today.
It settled 1.77 percent lower at Rs 211.30 apiece on the NSE.Shares of Tata Coffee settled 1.56 per cent lower at Rs 211.40 apiece on the BSE.