Quarterly Results: Speciality Restaurants Ltd

Technical View.

Speciality Restaurants Ltd., is currently trading at Rs. 86.25, down by 1.75 points or 1.99% from its earlier closing of Rs. 88 on the BSE.
The scrip has touched a high and low of Rs. 86.25 and Rs. 80.05 respectively, after opening at 80.05. In totality 29609(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 200 DMA.

Standalone Results Q2FY17.

Speciality Restaurants Ltd’s Q2FY17 numbers have come in as a mixed bag when compared to Bloomberg estimates. Revenue stands 1.8% lesser than the estimated Rs 81.1 cr. Company has posted a net loss of  Rs 2.57 cr vs the estimated loss of Rs 4.2 cr.

Net revenue stands at Rs 79.63 cr which is in conjunction with the same quarter of last year.

However, EBITDA has plunged by 87.5% yoy to Rs 0.48 cr and EBITDA margins have shrunken by 420 bps yoy to 0.6%. This can be attributed to 7.8% yoy surge in lease rent and 12.3% yoy surge in other expenses.

The company's net loss has come in at Rs 2.57 cr as against a net profit of Rs 1.02 cr during the same quarter of last year. Company’s other income has dipped 62% yoy to Rs 1.43 cr.