During Thursday’s trading session, the shares of an international QSR chain in India surged 1.5 percent to Rs. 109.7 on BSE, after Mirae Asset Mutual Fund bought a 2.15 percent stake worth nearly Rs. 112.8 crores in the company via a block deal on NSE.
With a market capitalisation of Rs. 5,329.8 crores, the shares of Restaurant Brands Asia Limited opened in the green at Rs. 109, up by nearly 0.83 percent, as against its previous closing price of Rs. 108.1.
What’s the News:
According to the 18th September block deal data available with the NSE, Mirae Asset Mutual Fund bought nearly 1.07 crore equity shares (equivalent to a 2.15 percent stake) in Restaurant Brands Asia Limited, at an average price of Rs. 105 per share, resulting in a total transaction value of nearly Rs. 112.83 crore.
However, on the seller side, the promoter QSR Asia Pte Ltd. offloaded the same number of shares, at the same average price of Rs. 105 per share.
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As of June 2024 shareholding pattern, QSR Asia Pte Ltd. held nearly 7.63 crores equity shares in the company, representing a 15.33 percent stake.
Previous News:
On 1st August, HDFC Mutual Fund bought around 1.24 crore shares in Restaurant Brands Asia Limited, at an average price of Rs. 113 per share, bringing the deal value to nearly Rs. 140.53 crore.
However, Plutus Wealth Management LLP offloaded 1.44 crore shares worth Rs. 162.7 crores in the company at the same price.
Financials:
The company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 6 percent from Rs. 611 crores in Q1 FY24 to Rs. 647 crores in Q1 FY25.
Further, the net loss of Restaurant Brands Asia decreased during the same period from Rs. 54 crores to Rs. 52 crores.
On a year-on-year basis, the consolidated Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA increased from Rs. 48.3 crores in Q1 FY24 to Rs. 65.8 crores in Q1 FY25, registering a growth of 36.2 percent.
Stock Performance
The stock has delivered negative returns of nearly 14.2 percent of returns in one year, as well as around 6.8 percent returns year-to-date.
About the Company:
Incorporated in 2013, Restaurant Brands Asia Limited, formerly known as Burger King India Limited, is engaged into the business of Quick Service Restaurants under the brand name of “Burger King”.
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Written by Shivani Singh
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