Tasty Bite looks delicious
By
Research Desk
about 8 years ago
Tasty Bite Eatables has been doing well, on the bourses and financially since Q4. Like the preceding quarter even for current Q1FY17, the company posted a good set of numbers. On a 52% (YoY) jump in total income at Rs.59 crore, it ended the quarter with a 200% jump up in net profit at Rs.6 crore. EBITDA doubled up from Rs.5 crore to Rs.10 crore and margins improved from 13.1% to 17.5%.
This Pune based company is into prepared, packaged food, with some 30 Indian, Asian, rice, lentil products. Its equity is tiny at Rs.2.56 crore, with reserves at Rs.58 crore. There was a 45% drop in its interest outgo during the quarter. Promoters hold 74.23% stake. EPS stands at Rs.21.68 (FV of Rs.10