Tasty Bite looks delicious
By
Research Desk
about 9 years ago
Tasty Bite Eatables hit a new 52-week high at Rs.2020 with an almost 18 times spurt in volumes today morning on the back of its excellent Q4FY16 numbers.
This Pune based company is into prepared, packaged food, with some 30 Indian, Asian, rice, lentil products. It posted for Q4FY16, a very good 87% (YoY) jump in net profit at Rs.6 crore on a 38% rise in total income at Rs.63 crore.
It ended the quarter with a smart 71% spike up in EBITDA at Rs.12 crore with margins at 19.2% v/s 15.6%.
The company ended FY16 with a net profit at Rs,16 crore, up 45%. Its equity is tiny at Rs.2.56 crore, with reserves at Rs.58 crore. Its borrowings stand at Rs.37 crore. Promoters hold 74.23% stake.