Share value of Barbeque Nation surged round 20 per cent on Tuesday, May 25, after the main informal eating restaurant chain introduced its January-March quarter outcomes for the monetary yr 2020-21. On Tuesday, Barbeque Nation opened on the BSE at Rs 659, swinging to an intra day excessive of Rs 767.50 and an intra day low of Rs 650.75, all through the buying and selling session. Barbeque Nation reported a internet revenue of Rs 6 crore within the March quarter for fiscal 2020-21, in comparison with a lack of Rs 28 crore within the corresponding quarter of the earlier fiscal.
According to a regulatory submitting by the corporate to the inventory exchanges, Barbeque Nation’s income from operations elevated 18.5 per cent year-on-year to Rs 226 crore within the fourth quarter of fiscal 2020-21, in comparison with Rs 190 crore within the year-ago interval. The firm’s earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) stood at Rs 56 crore, registering a progress of 128 per cent over final yr’s corresponding quarter.
Barbeque Nation was established in 2006 and presently operated 147 retailers within the nation throughout 77 cities. Additionally, it additionally operates one outlet in Malaysia, 4 retailers in UAE, and one outlet in Oman.
On the NSE, Barbeque Nation opened at Rs 657, registering an intra day excessive of Rs 765.35 and an intra day low of Rs 650, all through the session. It settled 14.93 per cent greater at Rs 733 on the NSE.
Share value of Barbeque Nation settled 18.86 per cent greater at Rs 760.20 on the BSE.