DEVYANI · Consumer Services
Devyani International Ltd. reported revenue of ₹819 cr for July to September 2023, — on the year and −3.3% on the quarter.
Operating profit (EBITDA) was ₹154 cr, a margin of 18.8%, — on the year and +393 bps on the quarter.
Net profit was ₹36.0 cr, — on the year and — on the quarter, with earnings per share of ₹0.28.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
A tax credit added to profit this quarter. Deferred tax recognised, or a reversal?
Profit before tax ₹19.0 cr; tax −₹16.7 cr, a credit.
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹819 cr | ₹843 cr | ₹1,047 cr | ₹1,222 cr | ₹1,222 cr | ₹1,294 cr | ₹1,213 cr | ₹1,357 cr | ₹1,377 cr | ₹1,441 cr | ₹1,437 cr | ₹1,581 cr |
| YoY | — | — | — | +44% | +49% | +53% | +16% | +11% | +13% | +11% | +18% | +17% |
| EBITDA margin | 18.8% | 17.3% | 12.4% | 17.7% | 16.0% | 16.5% | 15.3% | 15.2% | 13.9% | 16.0% | 15.3% | 16.1% |
| Other income, % of PBT | −37% | 50% | — | 32% | — | 100% | — | 433% | — | — | — | 83% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | 48% | — | 27% | — | — | — | 19% | — | — | — | 25% |
| Net profit | ₹36.0 cr | ₹5.0 cr | −₹49.0 cr | ₹22.0 cr | −₹5.0 cr | −₹8.0 cr | −₹17.0 cr | ₹2.0 cr | −₹24.0 cr | −₹11.0 cr | −₹10.0 cr | ₹17.0 cr |
| YoY | — | — | — | — | −114% | −260% | — | −91% | — | — | — | +750% |
| Core profit YoY | — | — | — | +250% | −135% | −100% | — | −148% | — | — | — | — |
| EPS | ₹0.28 | ₹0.08 | −₹0.06 | ₹0.25 | ₹0.00 | ₹0.00 | −₹0.12 | ₹0.03 | −₹0.18 | −₹0.08 | −₹0.08 | ₹0.12 |
| Flags | 1 | 1 | · | 1 | 2 | 2 | ✓ | 1 | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Devyani International Ltd. reported revenue of ₹819 cr (— on the year) and net profit of ₹36.0 cr (— on the year) for July to September 2023.
1 check raised a question: A tax credit added to profit this quarter. Deferred tax recognised, or a reversal?
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