Join the WOOB Community TODAY!
Register Now!
Friday, October 30, 2020

Coffee Day Enterprises Q1 results: Net profit at Rs 1,672.41 cr helped by sale of stake in Mindtree

The company had posted a net profit of Rs 21.06 crore in the April-June quarter a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing.

Coffee Day Enterprises Ltd on Friday reported a consolidated net profit of Rs 1,672.41 crore for the April-June quarter, helped by stake sale in Mindtree.

The company had posted a net profit of Rs 21.06 crore in the April-June quarter a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing.

Its revenue from operation was down 4.06% to Rs 926.80 crore as against Rs 966.04 crore in the corresponding quarter of the last fiscal. Total expenses stood at Rs 1,128.57 crore in the June quarter of FY21, as against Rs 981.16 crore a year ago, up 15.02%.

It had a loss of Rs 181.49 crore before share of equity accounted investees and exceptional items and taxes. During the April-June quarter of FY21, the company has declared income of Rs 1,941.95 crore in the exceptional items from sales of share of the company and its subsidiaries in Mindtree to Larsen & Toubro.

- Advertisement -

“During the quarter ended June 30, 2019, the company has recorded the gain on sale of such share net of transactions cost as an exceptional item amounting to Rs 1,975 crore. The exceptional item of the quarter ended June 30, 2019 includes loss of Rs 23 crore on sale of share held in Global Edge Software and Rs 10 crore impairment of certain intangible assets by a subsidiary,” said CDEL.

CDEL’s revenue from coffee and related business was at Rs 442.57 crore, down 6.20%, as against 471.85 crore in the corresponding quarter a year ago.

While revenue from integrated multimodal logistics was up 11.91% to Rs 362.07 crore as against Rs 323.51 crore.

Revenue from Financial services was down 48.33% to Rs 66.38 crore as against Rs 128.48 crore.

Leasing of commercial office space was up 22.53% to Rs 45.03 crore as against Rs 36.75 crore.

Revenue of its subsidiary Coffee Day Global, which operates Cafe Coffee Day chain, was at Rs 442.57 crore, down 6.18%, during the quarter as against Rs 471.85 crore a year ago.

Its cafe outlet counts have also gone down to 1,480 during the quarter from 1,742 a year ago.

However, the count of its vending machines rose to 59,115 from 49,397.

Shares of Coffee Day Enterprises on Friday settled at Rs 19.60 a piece on the BSE, up 4.81% from the previous close.

SourceET Retail
- Advertisment -

Latest News

Leading business collaborative platform for FMCG, Trace One is leveraging its extensive industry reach with Trace One Marketplace

The pressure on both retailers and CPG firms to meet the constantly changing needs of a demanding consumer base has never been...

Principles of Great Packaging Design.

“Jo dikhta hai woh bikta hai” (What is visible, sells) goes the popular adage. Packaging design’s primary job is to make the...

Safety concerns, ease of online buying to keep Mumbai shoppers away from stores in festive season

Concerns about safety amidst the Covid-19 pandemic along with better pricing and ease of return and refund on buying online may keep...

BigBasket bets on in-house segments, plans to expand private label cart

With demand for private labels seeing a surge on its platform, online grocery BigBasket is betting big on the in-house segment with...

“Our focus is to be an omnichannel retailer,” says Shashwat Goenka, Sector Head (FMCG & Retail), RP – Sanjiv Goenka Group

Spencer’s, the oldest modern retail brand in India, is the pioneer in hypermarkets in India, having introduced the first one in 2001....

Marico logs volume growth, notices revival in consumer demand in Sept quarter

FMCG major Marico said it has witnessed a partial revival in the consumer sentiment in the second quarter of the current fiscal...

Five things on consumption shift during covid

As India moved to prevent the spread of Covid-19 with a lockdown late March, household budgets and consumer behaviour have since shifted....

Festival season sales: Over 50% consumers to shop online, says survey

About 51% of consumers doing festive shopping this year will use e-commerce sites and apps as their primary channel, a sizable change...

Amazon Great Indian Festival to bring cheer to small & medium businesses

Amazon India shared a host of opportunities for small and medium businesses (SMBs) during the annual festive event ‘Great Indian Festival’ starting...

MaxWholesale gears up for the festive season; to launch extensive gifting ranges and streamline fulfillment for partner stores

India’s festive season is just around the corner. This makes it a crucial time for FMCG brands and kirana stores to manage...