Coffee Day Enterprises Q4 net loss at Rs 272 crore; revenue drops 69%

Coffee Day Enterprises Ltd (CDEL), in filings with BSE, said the company posted a net profit of Rs 554.80 in January-March a year ago.
CDEL’s operating revenue was 165.16 rupees, a decrease of 69% to 533.55 rupees for the quarter in the previous fiscal year.
According to the CDEL, after-tax profit (PAT) for the 21st quarter included a core loss of 151 rupees due to the market capitalization of SicalLogistics’ stake. According to the
CDEL, COVID-19 is having “significant” impacts on the group’s business operations, including supply chain disruptions, hospitality service closures, and travel bans under lockdown. Total expenses of
were Rs 378.52, a decrease of 70.3% from the previous Rs 1,273.46. Revenues from
coffee and related businesses recorded Rs 141.05 crore, down 61.4% compared to Rs 365.33 crore. Hospitality service revenue increased 39.79% to Rs 1.068 billion and previously recorded Rs 746 million.
During fiscal year 202021 CDEL reported a net loss of 652.10 crore. Last year it recorded a net profit of Rs 1,848.51 crore.
Operating revenue was down 66.6% at Rs 853.42 crore at FY20 Rs 2,552.44 crore.
“… FY20 PAT includes exceptional profits reaching Rs 1,828 crore, primarily due to equity interests held in Mindtree, Rs for sale of Global Village Property held by Tanglin Developments. It includes profits that reach 1,190 crore. “
In addition, FY21’s PAT includes an exceptional profit of 151 crore for selling way2wealth Securities Pvt Ltd to Sriam Credit. Wednesday Coffee Day Company’s 4444 share price BSE fell 2.78% from the previous closing price to 40.25 rupees.

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