trending Market Intelligence /marketintelligence/en/news-insights/trending/pvq4D2j6tfKUA_LvHMnIrQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Tasty Bite Eatables profit beats consensus by 30.0% in fiscal Q4

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


Tasty Bite Eatables profit beats consensus by 30.0% in fiscal Q4

Tasty Bite Eatables Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 11.81 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 9.08 rupees per share.

EPS rose year over year from 5.02 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 30.3 million rupees, an increase from 12.9 million rupees in the prior-year period.

The normalized profit margin rose to 6.7% from 3.3% in the year-earlier period.

Total revenue grew 14.1% on an annual basis to 452.0 million rupees from 396.2 million rupees, and total operating expenses grew 11.2% on an annual basis to 397.4 million rupees from 357.3 million rupees.

Reported net income grew on an annual basis to 31.7 million rupees, or 12.33 rupees per share, from 14.5 million rupees, or 5.62 rupees per share.

For the year, the company's normalized net income totaled 40.29 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 38.77 rupees.

EPS rose from 15.25 rupees in the prior year.

Normalized net income was 103.4 million rupees, a gain from 39.1 million rupees in the prior year.

Full-year total revenue rose 21.7% from the prior-year period to 1.77 billion rupees from 1.45 billion rupees, and total operating expenses rose 16.4% on an annual basis to 1.59 billion rupees from 1.36 billion rupees.

The company said reported net income grew year over year to 107.9 million rupees, or 42.04 rupees per share, in the full year, from 43.2 million rupees, or 16.84 rupees per share.

As of Aug. 18, US$1 was equivalent to 65.44 Indian rupees.