Tata Coffee Q4 FY12 result-first cut

[RAJESH DESAI]

 

Dear Sir/Madam,

 

Tata coffee declared its Q4 FY12 and FY12  results on 8 may 2012. In the Q4 FY12, the revenue jumped by 13% on yoy basis due to 14% and 37% growth in Coffee and Estate Supplies Division. On account of stiff rise in raw material and staff cost, the EBITDA margin dropped by 260 basis point on yoy basis. Furthermore, the profit before tax decreased by 254 basis points due to high interest rate, restructuring costs and unfruitful project cost. On the other hand, during FY12, loan decreased by 1% and cash increased by 53%. We have neutral view about the stock.

 

 

 

 

Regards,

 

Team Microsec Research

 

 

 

Microsec Capital Limited

Tel: 91 33 30512100

Fax: 91 33 30512020

 

--
CA. Rajesh Desai