Tata Global Beverages consolidated quarterly earnings drop 29.54%
Source: IRIS | 30 Jan, 2015, 02.33PM
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| Rating: NAN / 5 stars. |
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Tata Global Beverages announced a steep drop in consolidated net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 29.54% to Rs 842.40 million from Rs 1,195.50 million in the same quarter previous year. Net sales for the quarter rose marginally 3.03% to Rs 21,438.90 million, compared with Rs 20,807 million for the prior year period. Earnings per share for the quarter stood at Rs 1.36, registering 29.53% decline over previous year period.
| Quarterly Results - consolidated (Rs in mn) | | As at | Dec - 14 | Dec - 13 | %Change | | Net Sales | 21,438.90 | 20,807.40 | 3.03 | | Net Profit | 842.40 | 1,195.50 | (29.54) | | Basic EPS | 1.36 | 1.93 | (29.53) |
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