Mumbai, May 22 (IANS). Barbecue Nation on Thursday declared the fourth quarter results. The company’s deficit has increased to Rs 20.61 crore during the January-March period, which was Rs 3.7 lakh in the fourth quarter of FY 24.
Earlier in the December quarter, the company recorded a profit of Rs 5.05 crore.
The company’s operations from operations were Rs 292.7 crore in the fourth quarter, which was Rs 328.89 crore in the third quarter. It has seen a decline of 11.01 percent on a quarterly basis.
On an annual basis, the company’s income from operations has been reduced by about 2 percent, which was Rs 299 crore in the fourth quarter of FY 24.
The management of the company held the weakness in India’s business, primarily for the decline in income.
The total income in the March quarter was Rs 296.1 crore, which is 11.45 percent less than Rs 334.4 crore in the previous quarter. Despite the weak income, the company’s EBITDA remained stable at Rs 54 crore, which is a slight less than Rs 55 crore in the same period of a year ago.
At the same time, the EBITDA margin remained almost stable at 18.4 percent on an annual basis, it was 18.5 percent in the fourth quarter of FY 24.
Barbecue Nation said in a stock exchange filing, “added 18 new restaurants during FY 25 under its expansion plan.
According to the March quarter shareholding pattern, the promoters have a 33 percent stake in the company. The domestic mutual funds have a 17 percent stake, while the large foreign investment Massachusetts Institute of Technology (MIT) holds a 4.05 percent stake.
Jubilant Foodworks is also one of the company’s leading shareholders, which holds more than 9 percent.
After the results, Barbecue Nation’s stock on the National Stock Exchange (NSE) fell by Rs 12.15 or 3.68 percent to close at Rs 317.95.
-IANS
ABS/ABM
