Mumbai: Tata Tea today posted a 2.27% decline in profit after tax (PAT) at Rs 43 crore for the first quarter ended 30 June, as compared to Rs44.56 crore for the same period last year.
Total income of the company increased 14.40% to Rs303.85 crore for the quarter from Rs265.58 crore for the corresponding period a year ago, Tata Tea informed the Bombay Stock Exchange .
The group’s consolidated net profit declined to Rs45.68 crore for the quarter, as compared to Rs80.07 crore for the same period in the previous year.
Total income of the group increased to Rs1,028.79 crore during the period ended 30 June from Rs806.37 crore a year ago.
Shares of the company were trading at Rs843, down 1.46%, in afternoon trade on the BSE.