Devyani International Reports Flat Q3 FY24-25 Results Amid Record Sales and Profit Decline

Devyani International has recently reported its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. Notably, the company's evaluation has undergone an adjustment, with its score shifting to 3 from -6 over the past three months.
The financial data highlights several key aspects of Devyani International's operations. On the positive side, net sales reached a record high of Rs 1,294.40 crore, marking consistent growth each quarter over the last five quarters. This trend indicates a robust near-term sales trajectory for the company.

Conversely, the financial results also reveal challenges. The profit after tax (PAT) for the nine-month period stands at Rs 29.64 crore, reflecting a significant year-on-year decline of 56.87%. This trend suggests a concerning near-term outlook for profitability. Additionally, interest expenses have risen to Rs 195.30 crore, indicating increased borrowings, while non-operating income has surged to 106.22% of profit before tax, raising questions about the sustainability of the company's income sources.

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