Tata Tea Q1 net down 3.5% to Rs.43 Crores

Tata Tea Ltd has announced the following Audited results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs 430.00 million for the quarter ended June 30, 2007 as compared to Rs 445.60 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2655.80 million for the quarter ended June 30, 2006 to Rs 3038.50 million for the quarter ended June 30, 2007.

The Unaudited Consolidated results are as follows: The Group has posted a Group Consolidated Net Profit of Rs 456.80 million for the quarter ended June 30, 2007 as compared to Rs 800.70 million for the quarter ended June 30, 2006. Total Income has increased from Rs 8063.70 million for the quarter ended June 30, 2006 to Rs 10287.90 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.7.06 during Q1 2007-2008 compared to Rs.7.93 in the same quarter last year (2006-2007).

The stock was trading at Rs.842.90, down by Rs.12.60 or 1.47%. The stock hit an intraday high of Rs.867.70 and low of Rs.837. The total traded quantity was 53367 compared to 2 week average of 41636.

Source : Equity Bulls

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