Speciality Restaurants tumbles as net loss widens in Q1

Speciality Restaurants lost 5.83% to Rs 116.40 at 9:54 IST on BSE after the company reported net loss of Rs 15.82 crore in Q1 June 2017, higher than net loss of Rs 5.60 crore in Q1 June 2016.

The result was announced after market hours yesterday, 11 September 2017.

Meanwhile, the S&P BSE Sensex was up 76.10 points or 0.24% at 31,958.26. The S&P BSE Small-Cap index rose 82.06 points or 0.5% at 16,533.76.

On the BSE, 10,000 shares were traded on the counter so far as against the average daily volumes of 45,446 shares in the past one quarter. The stock had hit a high of Rs 120.50 and a low of Rs 115.95 so far during the day. The stock had hit a 52-week high of Rs 130.30 on 7 September 2017 and a record low of Rs 59.50 on 15 March 2017.

The stock had outperformed the market over the past one month till 11 September 2017, advancing 4.39% compared with the Sensex's 2.14% rise. The stock had also outperformed the market over the past one quarter, gaining 53.54% as against the Sensex's 1.98% rise. The scrip had also outperformed the market over the past one year, advancing 42.48% as against the Sensex's 10.71% rise.

The small-cap company has equity capital of Rs 46.96 crore. Face value per share is Rs 10.

Speciality Restaurants' net sales declined 8.1% to Rs 72.21 crore in Q1 June 2017 over Q1 June 2016.

Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.

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