Coffee Day Post Loss

Coffee Day Enterprises (CDEL), which runs the Cafe Coffee which runs the Cafe Coffee Day chain, reported a loss of Rs190 crore for the quarter ended September 30, 2019, compared to a profit of Rs 24 crore in the same period the year before according to its management-compiled numbers.The stock exchanges had warned that CDEL’s shares would be suspended from trading if it failed to disclose its first quarter and half yearly results by January 29 according to Sebi norms. Whether the management-compiled numbers would satisfy the exchanges remains to be seen.

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