Tata Tea on strong Q4 outcome

Tata Tea gained 1.25% to Rs 874.30 at 11:59 IST on BSE after reporting 4497.9% spurt in net profit to Rs 178.86 crore on 71.9% jump in total income to Rs 455.54 crore in Q4 March 2008 over Q4 March 2007.

s The stock hit a high of Rs 893 and a low of Rs 860 so far during the day. The stock had a 52-week high of Rs 1014 on 3 January 2008 and the stock hit a 52-week low of Rs 586.10 on 22 January 2008.

The company’s current equity is Rs 61.84 crore. Face value per share is Rs 10.

The current price of Rs 874.30 discounts its Q4 March 2008 annualised EPS of Rs 115.69, by a PE multiple of 7.56.

However, Tata Tea’s net profit rose a mere 2.1% to Rs 312.86 crore on 7.8% increase in net sales to Rs 1153.43 crore in the year ended March 2008 over the year ended March 2007.

Tata Tea owns brands like Tetley and Glaceau among others. The company carries major plantation activity in India and Sri Lanka.