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Tasty Bite hits the roof after Q3 PAT jumps 97%

Capital Market 

Tasty Bite Eatables was locked in an upper circuit of 20% at Rs 10397.50 after the company announced stellar Q3 earnings during market hours today, 12 February 2020.

On a standalone basis, Tasty Bite's net profit soared 97% to Rs 13.67 crore in Q3 December 2019 as against 6.93 crore posted in Q3 December 2018. Net sales surged 30.14% to Rs 113.89 crore during the quarter as against Rs 87.5 crore in Q3 last year.

Profit before tax (PBT) for Q3 December 2019 stood at Rs 18.23 crore, up by 70% from Rs 10.72 crore in Q3 December 2018. Tax expense rose 17.63% year-on-year to Rs 4.79 crore in Q3 December 2019.

Tasty Bite Eatables is engaged in the business of manufacturing and selling prepared foods.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 12 2020. 14:37 IST