15/11/2024, 2:39:03 pm

Hold Devyani International; target of Rs 180: Sharekhan

Sharekhan's research report on Devyani International: Quarterly revenues reached Rs. 2,355 crore, marking a 16% y-o-y increase and a 13% rise from the previous quarter. Profit after tax (PAT) came in strong at Rs. 245 crore, up 39% as compared to last year and 23%, sequentially. EBITDA stood at Rs. 441 crore, reflecting a 22% y-o-y growth and a 12% increase sequentially.