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Coffee Day Enterprises posts 3-fold jump in Q2 net at Rs 59 cr

Press Trust of India  |  New Delhi 

Coffee Day Enterprises Ltd, which runs the popular Cafe Coffee Day chain, today reported over three-fold jump in consolidated net profit at Rs 59.8 crore for the September quarter, mainly on account of exceptional gain of Rs 53.2 crore.

The company had reported a net profit of Rs 16.3 crore in the corresponding period of the previous fiscal.

Its total grew to Rs 902.9 crore during the quarter under review, up 21.93 per cent, as against Rs 740.5 crore in the corresponding quarter of the year-ago period, Coffee Day Enterprises said in a filing.

Expenses during the quarter stood at Rs 891.6 crore, up 23.28 per cent, as against Rs 723.2 crore a year ago.

During the quarter, the company recorded exceptional gain of Rs 53.2 crore on the account of sale of 95 per cent equity stake in Global Edge Software Ltd.

of Coffee Day Enterprises ended 16.10 per cent higher at Rs 249.45 apiece on today.

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

First Published: Thu, November 09 2017. 16:57 IST