Speciality Restaurants soars 6.5% after turnaround in Q4 net profit

The company’s revenue from operations fell to Rs65.42cr in Q4FY21 from Rs75.41cr in Q4FY20.

Jun 24, 2021 09:06 IST India Infoline News Service

Speciality Restaurants
Speciality Restaurants Limited on Wednesday reported a consolidated profit of Rs8.43cr in Q4FY21 against a loss of Rs37.11cr in Q4FY20. The company’s revenue from operations fell to Rs65.42cr in Q4FY21 from Rs75.41cr in Q4FY20.

On a yearly basis, net loss reduced to Rs29.34cr compared to Rs38cr in FY20. Revenue from operations fell to Rs150.14cr in FY21 compared to Rs357.79cr in FY20.

“The Group's financial performance for the quarter and year ended has been impacted by Covid 19 related developments. Given the unprecedented circumstances, the results for the quarter and year ended are not comparable with that of the corresponding quarter and year ended of the previous year.

The operations recommenced as permitted by local regulations and as on date most of our restaurants and confectionery stores are operational,” company said in a regulatory filing on Wednesday.

At around 9.58 AM, Speciality Restaurants Ltd was trading at Rs64.30 per piece up by Rs3.95 or 6.55% from its previous closing of Rs60.35 per piece on the BSE. The stock hit a day's high of Rs66.60 per piece early on. 

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