Tata Group company Tata Coffee on Thursday posted a 151.14 per cent decline in consolidated net profit to Rs 56.70 crore for the second quarter ended September 30.
Tata Coffee said in the regulatory filing that the company’s consolidated net profit stood at Rs 142.40 crore a year ago.
Its revenue from operations dropped by 3.10 per cent to Rs 695.95 crore during the quarter under review compared to Rs 718.26 crore in the year-ago period.
Shares of the company currently trading 0.46 per cent down at Rs 257.45 on the BSE.
