Coffee Day Enterprises brings net loss down to ₹33 crore in Q4 from ₹300 crore last year
The Hindu
Coffee Day Enterprises Ltd (CDEL) reduces net loss, reports revenue growth, and improves EBITDA in FY25.
Coffee Day Enterprises Ltd (CDEL) has brought down its net loss to ₹33 crore during the fourth quarter of FY25 from a net loss of ₹303 crore it posted in the corresponding quarter a year ago, as per a regulatory filing by the company on Thursday.
During the full year, the company reported a net loss of ₹58 crore as against a net loss of ₹322 crore a year ago.
However, both Q4 revenue and full-year revenue grew by 7% and 6% year-on-year at ₹268 crore and ₹1,078 crore, respectively, as per the filing.
CDEL, which has been going through tough times over the last four years, has also reported a significant improvement in EBITDA. Its EBITDA for Q4 stood at ₹89 crore as against ₹-319 crore in the corresponding quarter a year ago while its full year EBITDA grew to ₹223 crore against ₹-208 crore a year ago, the company stated.
As per the filing, during the fiscal year, CDEL raised ₹55.80 crore on the sale of corporate buildings by Coffee Day Global Limited, one of its subsidiaries that operates a cafe chain. It also received a profit of ₹15.55 crore on the sale of land held by Coffee Day Hotels & Resorts Private Limited, another subsidiary firm. The company incurred an expense of ₹45.22 crore on behalf of Tanglin Developments Limited (subsidiary) for non-satisfaction of certain CPs as agreed to in the sale agreement of Bangalore undertaking of Tanglin Developments Limited (subsidiary), it further stated.
Party leaders discuss development and welfare initiatives in Kozhikode ahead of local body elections, highlighting diverse political visions.
Debutant Beena Divakaran faces veteran candidates in the Ponnurunni East election, aiming to maintain LDF's long-standing dominance.
India and Russia sign agreements to facilitate the safe mobility of semi-skilled workers in response to labor demands.
Excitement builds for the thrilling 2025 F1 season finale in Abu Dhabi, featuring Norris, Verstappen, and Piastri vying for the title.
Telangana Rising summit purely an economic event, says CM
Veteran cricketer Paras Dogra takes on a new role as a talent scout for IPL's Punjab Kings during the SMAT.
Puducherry Chief Minister N. Rangasamy pays tribute to Jayalalithaa on her death anniversary with floral offerings and official ceremonies.
Eight red sanders smugglers arrested in Tirupati; 12 logs seized during RSASTF operation in Sanipaya forest area.
Bengaluru Police investigate Aryan Khan's alleged obscene hand gesture at a pub event, following social media video circulation.
MP Capt. Brijesh Chowta warns that PFI's influence through SDPI threatens national security and undermines democratic integrity.
The Ambassador of France to India confers the insignia of the award on the publisher and managing director of DC Books
Bengaluru commuters demand platform screen doors for safety, but high costs and engineering challenges hinder implementation on existing metro routes.
Madras HC to hear appeals on December 12 regarding the lighting of Mahadeepam at Thirupparankundram temple.