Tata Tea Q2FY07 Results

Tata Tea Ltd has announced the following Audited results for the quarter ended September 30, 2007:

The Company has posted a profit after tax of Rs 648.10 million for the quarter ended September 30, 2007 as compared to Rs 1639.20 million for the quarter ended September 30, 2006. Total Income has increased from Rs 3227.80 million for the quarter ended September 30, 2006 to Rs 3480.50 million for the quarter ended September 30, 2007.

The Unaudited Consolidated results are as follows:

The Group has posted a Group Consolidated Net Profit of Rs 1092.40 million for the quarter ended September 30, 2007 as compared to Rs 1940.80 million for the quarter ended September 30, 2006. Total Income has increased from Rs 10149.40 million for the quarter ended September 30, 2006 to Rs 11169.00 million for the quarter ended September 30, 2007.

Exceptional items during the quarter represent amortization of amounts incurred on Employee Separation Scheme of Rs 22.00 million net of profit on sale of land in South India of Rs 2.50 million. In the previous year exceptional items included profit on sale of shares of Rs 702.50 million.