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Tata Tea net jumps 72 per cent in first quarter

 

Tata Tea on Monday posted a consolidated net profit of Rs 75.69 crore for the first quarter of this financial year, a 72.41 per cent increase over the corresponding period a year-ago.

The company had a consolidated net profit of Rs 43.90 crore for the quarter ended June 30, 2007, country's leading tea firm said in a filing to the Bombay Stock Exchange.

Total income on a consolidated basis increased to Rs 1,142.07 crore for the quarter ended June 30, 2008, from Rs 1,019.38 crore a year-ago.

On a standalone basis, the company reported a profit after tax of Rs 37.71 crore for the June quarter of this fiscal as compared to Rs 41.23 crore in the same period last year.

Total Income of the company rose to Rs 327.12 crore in the first quarter of FY '09 from Rs 294.45 crore in the previous fiscal.