Coffee Day Enterprises Q3 results: Posts net loss of Rs 97 cr

NEW DELHI: Coffee Day Enterprises Ltd on Tuesday reported narrowing of consolidated net loss to Rs 97.11 crore for the three months ended December 2020. The company had posted a net loss of Rs 184.94 crore in the October-December period a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing. CDEL's revenue from operation was down 50.7 per cent at Rs 267.53 crore in the third quarter of the current fiscal. In the same period a year ago, it was at Rs 542.38 crore. However, total expenses dropped 44.7 per cent to Rs 413.63 crore in the latest December quarter. In the year-ago period, the same was at Rs 748.62 crore. CDEL's revenue from coffee and related business stood at Rs 123.72 crore in the quarter under review compared to Rs 340.75 crore in the same period a year ago. Revenue from integrated multimodal logistics was down 34.1 per cent at Rs 123.64 crore in the latest December quarter as against Rs 187.58 crore in the year-ago period. 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