The Fact News Service

Burger King India shares decline over 7% after earnings

The Fact News Service,
New Delhi, May 27,
Quick service restaurant Burger King India reported a net loss of ₹25.94 crores in the Q4 FY21, as against a net loss of ₹37.41 crores in the year-ago period. The company’s total income for the quarter was up slightly at ₹199.45 crores from ₹192.95 crores in Q4 FY20. Burger King India’s total expenses were ₹219.81 crores in Q4 FY21. Burger King India’s total expenses in the March 2021 quarter stood at Rs 219.81 crore. For the full financial year 2020-21, the company reported a total income of Rs 522.93 crore. It was Rs 846.82 crore in 2019-20. Shares of Burger King India Ltd on Wednesday settled at Rs 156.35 on the BSE, up 2.26 percent from the previous close. Its total income during January-March 2021 stood at Rs 199.45 crore, against Rs 192.95 crore in the year-ago period. It had posted a net loss of Rs 37.41 crore during the January-March 2020 quarter, the quick-service restaurant chain said in a regulatory filing. Source:(Internet)

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