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Current vaccine likely to protect against severe Omicron infection: BioNTech CEO

Current vaccine likely to protect against severe Omicron infection: BioNTech CEO - Sahin noted that Omicron may evade antibodies better than Delta but it is unlikely it will be able to circumnavigate the body s T-cell immune response

UPL secures ratings outlook upgrade from Fitch

Narayana Hrudayalaya spurts after robust Q4 performance

Narayana Hrudayalaya rose 4.03% to Rs 457.15 after the company s consolidated net profit soared 467.5% to Rs 68.05 crore on 12.76% increase in revenue from operations to Rs 837.76 crore in Q4 March 2021 over Q4 March 2020. Profit before tax surged 447.08% to Rs 85.29 crore in Q4 FY21 as against Rs 15.59 crore in Q4 FY20. EBITDA grew 45.9% to Rs 149.90 crore, reflecting a margin of 17.9% as against Rs 102.80 crore in Q4 FY20. This is as per the new accounting treatment for leases per IND AS 116 effective from 1 April 2019 which resulted in Rs 13.30 crore increase in EBITDA and a decrease of Rs 1.1 crore in PAT for Q4 FY21 on pre-IND AS 116 basis.

Board of SPARC approves resignation of MD and appoints CEO

Barbeque-Nation gallops on reporting Q4 PAT at Rs 6 cr

Barbeque-Nation Hospitality climbed 7.29% to Rs 686.25 after the company s consolidated net profit stood at Rs 6.40 crore in Q4 FY21 compared with net loss of Rs 27.89 crore in Q4 FY20. Net sales jumped 18.52% to Rs 226.34 crore in Q4 FY21 as against Rs 190.96 crore in Q4 FY20. Pre-tax profit stood at Rs 8.32 crore in Q4 FY21 as against a pre-tax loss of Rs 37.03 crore in Q4 FY20. Reported EBITDA grew 128% to Rs 56.10 crore in Q4 FY21 as against Rs 24.60 crore over the same period last year. EBITDA margin improved to 24.8% in Q4 March 2021 from 12.9% in Q4 March 2020. Same Store Sales Growth (SSSG) stood at 19.9% in Q4 FY21 compared with negative SSSG of 16.7% in Q4 FY20. Restaurant operating margin rose 151% YoY to Rs 46.4 crore in Q4 FY21. The delivery revenue stood at Rs 28.5 crore, jumping 471% Y-o-Y.

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