CapitalMarket.com - Tata Global Beverages gains on good FY 2012 numbers
Hot Pursuit Wednesday, May 23, 2012 15:44 Hrs IST

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Tata Global Beverages gains on good FY 2012 numbers

Tata Global Beverages rose 1.50% at Rs 108.50 at 15:30 IST on BSE after consolidated net profit rose 40.03% to Rs 356.14 crore on 10.25% increase in total income to Rs 6,725.68 crore in the year ended March 2012 over the year ended March 2011.

The result was announced during trading hours today, 23 May 2012.

Meanwhile, the BSE Sensex was down 92.37 points, or 0.58%, to 15,934.04.

On BSE, 6.23 lakh shares were traded in the counter as against an average daily volume of 4.26 lakh shares in the past one quarter.

The stock hit a high of Rs 109.50 and a low of Rs 102.65 so far during the day. The stock had hit a 52-week high of Rs 128.70 on 29 February 2012. The stock had hit a 52-week low of Rs 80 on 23 November 2011.

The stock had underperformed the market over the past one month until 22 May 2012, falling 12.09% compared with the Sensex's 7.76% fall. The scrip had, however, outperformed the market in past one quarter, falling 8.40% as against 11.68% fall in the Sensex.

The mid-cap company has an equity capital of Rs 61.84 crore. Face value per share is Re 1.

Consolidated net profit tumbled 36.40% to Rs 54.21 crore on 10.30% increase in total income to Rs 1,753.02 crore in Q4 March 2012 over Q4 March 2011.

The company reported a net extraordinary expense of Rs 39.50 crore in Q4 March 2012 compared with a net extraordinary income of Rs 55.94 crore in Q4 March 2011.

Tata Global Beverages is into global beverage business and is the world's second largest tea company.

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