Hot Pursuit     11-Feb-22
Speciality Restaurants spurts after turnaround Q3 numbers
Speciality Restaurants jumped 11.95% to Rs 141.95 after the company reported consolidated net profit of Rs 11.20 crore in Q3 December 2021 as against net loss of Rs 3.69 crore in Q3 December 2020.
On a consolidated basis, net sales rose 56.64% to Rs 88.99 crore in Q3 December 2021 over Q3 December 2020.

Pre-tax profit stood at Rs 11.20 crore in Q3 December 2021 as against pre-tax loss of Rs 3.69 crore in Q3 December 2020.

Total expenses jumped 19.80% to Rs 75.63 crore with cost of materials consumed soaring 54.32% to Rs 26.79 crore during the period under review. Employees expense rose 37.36% YoY to Rs 14.23 crore in Q3 December 2021.

"Given the unprecedented circumstances on account of Covid 19 related developments, the results for the quarter and nine months ended are not comparable with that of the corresponding quarter and nine months ended of the previous period," the company said.

Speciality Restaurants is one of the largest fine-dining restaurant chains in India. Its brands, Mainland China, Asia Kitchen, Oh! Calcutta, Machaan, Sigree/Sigree Global Grill, Haka, Flame & Grill, Cafe Mezzuna and Hoppipola offer a variety of cuisines and dining formats. Sweet Bengal is the company's confectionary brand.

Previous News
  Speciality Restaurants consolidated net profit declines 32.19% in the December 2019 quarter
 ( Results - Announcements 04-Feb-20   11:05 )
  Speciality Restaurants reports consolidated net loss of Rs 1.47 crore in the June 2019 quarter
 ( Results - Announcements 10-Aug-19   12:01 )
  Speciality Restaurants to convene board meeting
 ( Corporate News - 31-Jul-19   11:42 )
  Speciality Restaurants schedules AGM
 ( Corporate News - 25-Jun-19   16:09 )
  Speciality Restaurants consolidated net profit rises 325.77% in the September 2022 quarter
 ( Results - Announcements 09-Nov-22   08:28 )
  Speciality Restaurants provides operations update
 ( Corporate News - 15-Mar-17   09:19 )
  Speciality Restaurants opens 'Mainland China' restaurant in Nagpur
 ( Corporate News - 30-Aug-16   17:23 )
  Speciality Restaurants net profit declines 59.79% in the June 2014 quarter
 ( Results - Announcements 11-Aug-14   18:07 )
  Speciality Restaurants closes its two restaurants in Indore
 ( Corporate News - 14-Jul-16   18:46 )
  Board of Speciality Restaurants does not recommend dividend
 ( Corporate News - 28-May-16   15:40 )
  Speciality Restaurants net profit declines 21.33% in the September 2013 quarter
 ( Results - Announcements 12-Nov-13   16:30 )
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