An array of companies have published their FY 22 Q3 results in the past few days, and Coffee Day Enterprises Ltd. (CDEL) is no exception. This company released its quarter three results for the current financial year on Monday, 14 February 2022.
Read through to find out more about it!
A Closer Look into This Company’s FY 22 Q3 Results
The financial highlights of Coffee Day Enterprises Ltd. for the third quarter of FY 22 are listed below.
Consolidated Net Profit
For the third quarter of the current financial year ended in December 2021, Coffee Day Enterprises Ltd. announced a consolidated net profit of Rs. 18.80 crores.
This value marks a significant improvement in the company’s financials from a net loss of Rs. 110.41 crores that CDEL had reported back in quarter three of FY 21.
This company’s revenue from operations for quarter three of FY 22 stood at Rs. 183.49 crores. This figure is a 31.41% decline considering the revenue of Rs. 267.53 crores from the same period in the previous fiscal year.
Coffee Day Enterprises Ltd. reported revenue of Rs. 157.86 crores from its coffee and related segment. This value denotes an increase of 27.59% from Rs. 123.72 crores of the same quarter in the previous financial year.
Moreover, CDEL’s revenue from its hospitality services segment stood at Rs. 13.41 crores, which is up by 15.30% from Rs. 11.63 crores, reported in the same period of the previous fiscal year.
Coffee Day Enterprises Ltd. also reported its total expenses of Rs. 169.69 crores for the third quarter of the current financial year.
A year ago, this value stood at Rs. 413.63, which marks a significant decline of 58.97% YoY in the company’s total expenses.
Know About the Company – Coffee Day Enterprises Ltd.
Coffee Day Enterprises Ltd. primarily deals with the sale of coffee beans and provides hospitality services. Other segments of this company include leasing commercial office space, integrated multimodal logistics and financial services.
This company’s coffee and related business segment takes care of the retail of coffee and other coffee-related products. The hospitality services segment of CDEL operates and manages resorts and related activities.
In addition, Coffee Day Enterprises Ltd. develops corporate buildings and leases office space. Its financial services segment offers several products and services like structured products and wealth management services in the sphere of commodities and derivatives trading, equity and others.
Alongside providing integrated multimodal logistics services, Coffee Day Enterprises Ltd. also engages in consulting and implementation of information technology, software development and other related activities.
Amidst the COVID-19 crisis, the financial performance of Coffee Day Enterprises Ltd. is quite surprising as per its FY 22 Q3 results. Considering the year-ago results from the same quarter, this company has significantly increased its consolidated net profit. The total revenue from operations rose in both of its primary segments. In addition, CDEL has curbed its total expenses drastically compared to its performance from the same quarter of the previous financial year.
As per analysts, this surprising performance could eventually get reflected on the bourses in terms of CDEL’s stock prices. However, interested investors should conduct thorough research of Coffee Day Enterprises Ltd.’s financial performance from the past few years and carefully study its vision before investing.
Frequently Asked Questions
What is the price of each share of Coffee Day Enterprises Ltd.?
As of writing, the shares of Coffee Day Enterprises Ltd. were trading at Rs. 66.50 apiece on the National Stock Exchange.
What is the market capitalization of Coffee Day Enterprises Ltd.?
As of writing, the market capitalization of this company is Rs. 1,390 crores.
When was Coffee Day Enterprises Ltd. founded?
Coffee Day Enterprises Ltd. was founded in the year of 1993.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.