CoffeeDayEnterprises Ltdon Tuesday reported narrowing of consolidated net loss to Rs 97.11 crore for the three months ended December 2020.
The company had posted a net loss ofRs 184.94 crore in the October-December period a year ago,CoffeeDayEnterprises Ltd (CDEL) said in a BSE filing.
CDEL's revenue from operation was down 50.7 per cent at Rs 267.53 crore in the third quarter of the current fiscal. In the same period a year ago, it was at Rs542.38 crore.
However, total expenses dropped 44.7 per cent to Rs 413.63 crore in the latest December quarter. In the year-ago period, the same was at Rs 748.62 crore.
CDEL's revenue fromcoffeeand related business stood at Rs 123.72 crore in the quarter under review compared to Rs 340.75 crore in the same period a year ago.
Revenue from integrated multimodal logistics was down 34.1 per cent at Rs 123.64 crore in the latest December quarter as against Rs 187.58 crore in the year-ago period.
As per the filing, revenue from hospitality services rose to Rs 11.63 crore in the third quarter of the current fiscal as against Rs 9.32 crore in the same period a year ago.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.