TATA COFFEE = FIRST QUARTER RESULT = Q1 FY2011 = BETTER QOQ

TATA COFFEE LTD

Q1 FY 2011 RESULTS

COMPARISON

TATA COFFEE LIMITED  has released its first quarter results (June 2010). These are examined below with corresponding q/e june 2010 and proportionately with  FY 2010 figures.

Net Sales IN Q1 FY2011 has increased by 16.2% to Rs.92 Cr – compared to Rs.79 Cr in Q1 FY2010 .- It is up by 11.9% compared to Last Year (proportionate) sales  of Rs.327 Cr.

Profit from Operations is higher by 24.1% at Rs.8.75 Cr – compared to Rs.7.05 Cr – and higher by 78.3% compared to proportionate OPT of Rs.20 Cr of FY2010.

 Net Profit is higher by 25.6% in Q1 FY2011 at Rs.5.70 Cr – compared to Rs.4.54 Cr – and lower by 28.7% compared to proportionate Net profit of FY2010 of Rs.31.99 Cr – which was mainly due to a huge other income of  Rs.38  Cr in FY2010.

Basic EPS  is Rs.3.05 – compared to Rs.2.43 in Q1 FY2010 and – compared to Rs.17.13 for the whole of FY2010 which had a huge other income item as stated above.

Present Price of TATA Coffee share is Rs.458 on a face value of Rs.10.

While Sales and Profits are increasing on  QOQ Basis – whether the annual EPS will be exceeding last year’s EPS is to be awaited. At last year’s EPS of17.13(stand alone), the PE ratio is – 26.74.

RESULTS IN FIGURES:

TATACOFFEE	Jun-10	Jun-09	DIF%1	fy10non-consol	dif%
Net Sales	9160.4	7882.2	16.2	32748.17	11.9
Other Optg Income	183.16	177.78	3	802.47	-8.7
SIT&WIP	171.52	1685	-89.8	1652.6	-58.5
Raw Materials	1712.1	370.09	362.6	5154.74	32.9
Traded Goods	662.83	593.12	11.8	2088.64	26.9
Employees Cost	1999.4	1898.5	5.3	8465.85	-5.5
Depreciation	290.5	276	5.3	1138.72	2
Other Expdr	3632.3	2532.2	43.4	13086.98	11
Total Expenditure	8468.6	7354.9	15.1	31587.53	7.2
Profit.Operations	875.03	705.09	24.1	1963.11	78.3
Other Income5	107.23	102.67	4.4	3791.79	-88.7
P B I EI	982.26	807.76	21.6	5754.9	-31.7
Interest6	138.57	216.43	-36	754.98	-26.6
P A I B B EI	843.69	591.33	42.7	4999.92	-32.5
P B T	843.69	591.33	42.7	4999.92	-32.5
Tax expense	273.37	137.15	99.3	1800.94	-39.3
P A T	570.32	454.18	25.6	3198.98	-28.7
Net Profit	570.32	454.18	25.6	3198.98	-28.7
Dividend (%)	-	-		75
Face Value .Rs	10	10	0	10	300
Paid Up Equity	1867.7	1867.7	0	1867.7	300
Reserves	-	-		34120.25
Basic EPS A EI	3.05	2.43	25.5	17.13	-28.8
Public holding (%)	42.52	42.52	0	42.52	300

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