Tasty Bite Eatables has rallied 19% to Rs 2,000 on the BSE after the company reported a strong 85% year on year (YoY) jump in net profit at Rs 5.88 crore for the fourth quarter ended March 2016 (Q4FY16). The company engaged in packaged foods business posteda a profit of Rs 3.18 crore in the year ago quarter.
Meanwhile, the net sales of the company increased 38% at Rs 62.93 crore on YoY basis.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) profit rose 68% at Rs 12.09 crore against Rs 7.21 crore in the corresponding quarter of previous fiscal. EBITDA margins expanded by 300 basis points at 19% in Q4FY16.
At 09:58 am, the stock was up 16% at Rs 1,962 with around 4,000 shares changing hands on the counter on the BSE.
Meanwhile, the net sales of the company increased 38% at Rs 62.93 crore on YoY basis.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) profit rose 68% at Rs 12.09 crore against Rs 7.21 crore in the corresponding quarter of previous fiscal. EBITDA margins expanded by 300 basis points at 19% in Q4FY16.
At 09:58 am, the stock was up 16% at Rs 1,962 with around 4,000 shares changing hands on the counter on the BSE.