Tata Coffee Ltd - FirstCut Q3'FYF14 - Microsec

Tata Coffee Limited Ltd. announced its Q3'FY14 results on January 21, 2014.

Q3 FY'14 Result

For the quarter ended December 31, 2013, the Company's topline reported a decline of ~6%(YoY) at INR39,193 lacs and its EBITDA also decreased by ~23%(YoY) from INR8,383 lacs to INR6,440 lacs. EBITDA Margin declined from 20.1% to 16.4% (YoY). However, the Company's bottomline witnessed a growth of ~45%(YoY) at INR3,766lacs mainly on account of tax credit of INR2536 lacs on completion of the sale of the stake by company's overseas subsidiary during the third quarter. On the 9MFY14 front, the company's revenues declined by ~2% (YoY) and the Profits also showed a degrowth of ~28% (YoY) on account of losses from Exceptional Items of INR9,399 lacs during the period.

The following were the Key Highlights of the Segments during Q3'FY14:

- Revenues from the Coffee segment declined by ~7%(YoY) whereas Revnues from Tea increased by ~14%(YoY)

- Revenue from Estate Supplies Division also declined by ~6% (YoY) from INR762lacs to INR718 lacs during the third quarter.

- Profit before Interest & Tax for Coffee declined by ~28%(YoY) whereas for Tea the losses came down from INR58lacs to INR11 lacs.

Source : Equity Bulls

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