Barbeque-Nation’s Q3 profit drops 33.9% to Rs 4.34 crore, revenue at Rs 330.88 crore

Barbeque-Nation Hospitality Limited on Monday reported its third quarter profit for the financial year 2023-24 at Rs 4.34 crore, down 33.9 per cent in comparison to Rs 6.57 crore during the third quarter of FY23. It posted revenue from operations at Rs 330.88 crore, marginally up from Rs 328.16 crore during the corresponding quarter of previous year.

While the total income recorded by the company during the third quarter of FY24 was at Rs 332.52 crore, total expenses incurred by Barbeque-Nation during the quarter in review was at Rs 264.57 crore.

The company board also approved the allotment of 23,576 equity shares having face value of Rs 5 each against the exercise of vested Employee Stock Options granted under ESOP Plan 2015. ‘These shares shall rank pari-passu, in all respects with existing Equity Shares of the Company.

The Company has already received in-principle approval from BSE Limited and National Stock Exchange of India Limited for the ESOP Plan 2015 and is in the process of seeking the final listing and trading approvals of the Stock Exchanges for the Equity Shares allotted as aforesaid,’ it said in a regulatory filing.