Barbeque Nation Hospitality on Monday reported a loss of Rs 11.92 crore on a consolidated basis in the second quarter ended September 2023.
The company had reported a Profit After Tax (PAT) of Rs 7.53 crore in the July-September period a year ago, according to a regulatory filing.
Its total income from operations declined to Rs 305.9 crore during the quarter under review, from Rs 312 crore in the year-ago period.
However, Barbeque Nation's total expenses increased to Rs 257.3 crore in the second quarter as against Rs 252.2 crore in the corresponding period of FY 2022-23.
In a separate filing, the company, which operates 212 restaurants under its portfolio, said it opened four new restaurants and closed four restaurants in Q2 FY24.
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Recently, Barbeque Nation Hospitality Ltd (BNHL) and Red Apple Kitchen Consultancy Pvt Ltd (Toscano) jointly acquired a majority stake of 53.3 per cent in Blue Planet Foods Private Ltd (Salt).
Blue Planet Foods runs an a-la-carte pan-Indian cuisine restaurant chain under the brand name 'Salt'.
It currently operates six restaurants and has two restaurants under construction.
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