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This Article is From Feb 11, 2016

Coffee Day Enterprises Posts Profit of Rs 1 Crore in Q3

Coffee Day Enterprises on Thursday reported a consolidated net profit of Rs 1.03 crore for the quarter ended December 2015.

Coffee Day Enterprises Posts Profit of Rs 1 Crore in Q3
New Delhi: Coffee Day Enterprises on Thursday reported a consolidated net profit of Rs 1.03 crore for the quarter ended December 2015.

The cafe chain had posted a net loss of Rs 20.9 crore for the corresponding period of the previous fiscal year, it said in a regulatory filing.

Coffee Day Enterprises, which runs coffee chain under brand name Cafe Coffee Day, was listed on stock exchanges in October last year.

Net sales of the company also increased 14.50 per cent to Rs 670.24 crore during the period under review as against Rs 585.32 crore a year ago, it said.

The coffee chain's Rs 1,150-crore initial public offer (IPO) had hit the market in October 2015.

Shares in Coffee Day Enterprises, on Thursday, ended 7 per cent down at Rs 225.80 apiece on the BSE, whose benchmark Sensex index finished down 3.4 per cent.

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