Ashish Kacholia-Backed Small Cap Tanks 3% After Reporting ₹12-Cr Loss

Shares of Barbeque Nation plunged on Monday afternoon after the company posted its results for the quarter ended September.

What Happened: The hospitality company reported a consolidated net loss of ₹12.36 crore as against ₹7.53 crore profit booked in the same quarter last year. Revenue from operations also experienced a slight dip at ₹301.6 crore from ₹310.4 crore. EBITDA for the period was at ₹44.3 crore with an EBITDA margin of 14.7%.

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Shares of the company remained muted ahead of the earnings and tanked sharply as soon as results came out at around 2:30 p.m. The stock has remained under pressure in the past year. Just in the past month, the stock has gone down close to 15%. In the past year, the stock is down over 40%.

Ace investor Ashish Kacholia owns a 1.43% stake in the company which is worth around ₹26.10 crore.

Price Action: Barbeque Nation’s share price was down 2.05% to trade at ₹635 in the late hours of trading on Monday.

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Posted In: EarningsEquitiesNewsMarketsMoversTrading IdeasAshish KacholiaBarbeque Nation