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Hot Pursuit News

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(02 Feb 2024, 15:29)

Devyani Intl slips after Q3 PAT drops 86% YoY to Rs 9 cr

Devyani International (DIL) declined 2.93% to Rs 172.20 after the company's consolidated net profit dropped 86.58% to Rs 9.61 crore in Q3 FY24 as compared with Rs 71.66 crore in Q3 FY23.

Revenue from operations jumped 6.64% to Rs 843.13 crore during the quarter as compared with Rs 790.60 crore posted in same quarter last year.

Profit before tax fell 86.83% year on year to Rs 9.6 crore in Q3 FY24.

EBITDA stood at Rs 146.30 crore in Q3 FY24, down 15.87% YoY during the quarter. EBITDA margin was 17.4% as on 31 December 2023 as against 22% as on 31 December 2022.

During the quarter, India business witnessed a growth of 9.2% over the same period of the previous financial year. In India, the company continued to display resilient performance across its core brands, navigating through a challenging macroeconomic landscape and subdued consumer sentiment.

In Q3 FY24, brand contribution stood at Rs 129.60 crore with margins at 15.4%. Meanwhile, brand contribution at...

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