Coffee Day Enterprises Reduces Net Loss in Q4, Showing Improvement

Coffee Day Enterprises (CDEL), which runs the popular Coffee Day cafe chain, has improved its financial results.

They reduced their losses in the last quarter and for the whole year.

The company made less money in losses this year than last year, even though revenue slightly increased.

This happened after selling some buildings and land owned by CDEL subsidiaries.

The company also improved their EBITDA (earnings before interest, taxes, depreciation, and amortization), showing better financial health overall.

However, CDEL incurred an expense related to a sale agreement of one of its subsidiaries.