Intraday Winner: Coffee Day Enterprises hits upper circuit of 10 per cent

Company registered profits after seven quarters!

Coffee Day Enterprises stock has rallied significantly from an opening price of Rs 58.35 to Rs 61.10, thereby hitting the upper circuit of 10 per cent. The stock has hit the list of top gainers in the ‘B’ group. After a blood bath yesterday, markets are looking resilient which also is helping the stock. The company has posted its quarter ended December results today which has boosted the stock price. 

In Q3FY22, revenue decreased by 31.41 per cent YoY to Rs 183.49 crore from Rs 267.53 crore in Q3FY21. On a sequential basis, the top-line was up by 25.03 per cent. PBIDT (Ex OI) was reported at Rs 35.26 crore, up by 2771.21 per cent as compared to the year-ago period and the corresponding margin was reported at 19.22 per cent, expanding by 1971 basis points YoY. PAT was reported at Rs 18.41 crore, up by 117.9 per cent from Rs -102.87 crore in the same quarter for the previous fiscal year. The PAT margin stood at 10.03 per cent in Q3FY22 expanding from -38.45 per cent in Q3FY21. 

Coffee Day Enterprises houses the famous coffee destination chain ‘Café Coffee Day’. The stock has a 52-week high of Rs 86.70. It has a 52-week low of Rs 23.25.