Tata Global shares down nearly 5% on disappointing Q4 results

Tags: Companies
Shares of Tata Global Beverages Ltd today plunged nearly 5 per cent after the company reported 27.63 per cent decline in consolidated net profit for the fourth quarter ended March 31, 2014.

Tata Global's stock ended the day at Rs 149, down 4.64 per cent on the BSE. During the day, it plunged 5.2 per cent to Rs 148.10.

At the NSE, the scrip ended at Rs 148.65, down 4.86 per cent.

In terms of volume, 7.50 lakh shares were traded at the BSE, while over 50 lakh shares were traded at the NSE during the day.

Tata Global Beverages Ltd had yesterday reported 27.63 per cent decline in consolidated net profit at Rs 69.3 crore for the fourth quarter ended March 31, 2014.

The company had posted a net profit of Rs 95.76 crore for the same period of previous fiscal, Tata Global Beverages (TGBL) had said in a BSE filing.

The company's net sales during the quarter under review rose marginally by 3.02 per cent to Rs 1,865.69 crore during the fourth quarter, as compared to Rs 1,810.89 crore during the same period of previous fiscal.

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