Coffee Day Q1: Company turns profitable from loss, income up 3%

News Topical, Digital Desk : Coffee Day Enterprises has presented its first quarter results. The company has informed that it has turned profitable as compared to last year's loss. However, the company's income has seen limited growth. With one-time gains, the company's EBITDA has increased by 77 percent as compared to last year. However, without this, EBITDA has seen a decline of 5 percent. According to the company, it has received Rs 18.58 crore through loan settlement and another one-time gain of Rs 16.4 crore. The company's results have come after the market closed. On Thursday, the company's stock closed with a decline of more than half a percent.

How were the quarterly results?
According to the information given by the company, it has made a profit of Rs 28 crore in the first quarter. In the same quarter last year, the company had recorded a loss of Rs 11 crore. At the same time, the company's income has increased by 3 percent compared to last year and has increased from Rs 260 crore to Rs 269 crore. With one-time gains, the company's EBITDA has increased by 77 percent to Rs 76 crore, which was Rs 43 crore in the same quarter last year. If one-time gains are removed, then EBITDA remains Rs 41 crore, which is 5 percent lower than last year. At the same time, the profit of subsidiary Coffee Day Global in the first quarter has been Rs 263 crore with a growth of 6 percent. At the same time, EBITDA has been Rs 37 crore with a growth of 4 percent compared to last year. 
 

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