Are Tasty Bite Eat. latest results good or bad?
Tasty Bite Eatables reported a strong year-on-year growth in Profit After Tax, up 118.41%, but faced a decline in Profit Before Tax and net sales compared to the previous quarter, indicating mixed financial performance. The reliance on non-operating income raises concerns about the sustainability of its operational results.
Tasty Bite Eatables has reported its financial results for the quarter ending March 2025, showcasing a Profit After Tax (PAT) of Rs 19.22 crore, which reflects a year-on-year growth of 118.41% compared to Rs 15.19 crore in the same quarter last year. Additionally, the net sales for the last six months reached Rs 312.42 crore, indicating a year-on-year increase of 29.31%. However, the financial outlook presents mixed signals. The Profit Before Tax (PBT) for the quarter was Rs 2.37 crore, which is a decline from the average PBT of Rs 3.25 crore over the previous four quarters. A significant portion, 68.15%, of the PBT is derived from non-operating income, which raises questions about the sustainability of the company's operational performance.
In terms of quarterly performance, the net sales for the quarter ending March 2025 experienced a decline of 25.13% compared to the previous quarter. The standalone net profit also saw a decrease of 52.49% in the same period. The operating profit margin, excluding other income, has also contracted by 4.52%.
Overall, Tasty Bite Eatables has seen an adjustment in its evaluation over the past three months, reflecting the complexities in its financial performance.
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