Tata Coffee on Friday posted a two fold jump in profit after tax (PAT) to Rs 13.53 crore in the quarter ended March 31, 2011 as compared to the same period previous fiscal.
The company’s board of directors recommended a final dividend of Rs 5 per share of Rs 10 each aggregating to Rs 9.34 crore for the year ended March 31, 2011.
Along with interim dividend of Rs 5 per share declared on December 28, 2010, the total dividend for the financial year stands at Rs 10 per share aggregating to Rs 18.68 crore, Tata Coffee said in a filing to the Bombay Stock Exchange.
During the quarter under review, the firm’s total income stood at Rs 100.64 crore, a 12.27 per cent increase from Rs 89.64 crore in the corresponding quarter previous fiscal.
For the year ended March 31, 2011, Tata Coffee had a PAT of Rs 55.08 crore, witnessing a jump of 72.1 per cent from Rs 31.99 crore in the previous fiscal.
During the period, the firm’s total income increased by 19.73 per cent to Rs 401.71 crore from Rs 335.5 crore posted in the year ago period.