homevideos Newsmarket Newsstocks NewsMomentumisers: Speciality Restaurants shares in focus; here’s why
Momentumisers: Speciality Restaurants shares in focus; here’s why
Speciality Restaurants’ stock is still way off its all-time high and IPO issue price but it's still at a near 3-year high.
Speciality Restaurants’ stock is still way off its all-time high and IPO issue price but it's still at a near 3-year high.
Here are the possible reasons for this up move – there is gradual unlock as dine-in resumes; the company gets 71 percent of its revenues from dine-in, but more important is that the company reported extremely strong
Q3FY22 numbers with a profit of Rs 11 crore compared to the loss of Rs 3.7 crore and this is better than the pre-pandemic (COVID-19) levels.
The revenues that it did in the third quarter is Rs 89 crore which is much better than all of the 9-months of last year at Rs 85 odd crore and despite the pandemic, the company opened 59 cloud kitchens and at the same time getting a substantial amount of their revenues from delivery etc., is all that the street is perhaps looking at.
Watch the accompanying video of CNBC-TV18’s Mangalam Maloo for more details.
First Published: Feb 21, 2022 9:28 AM IST
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