Coffee Day Enterprises on Friday reported a consolidated net profit of Rs 12.31 crore for the March quarter.The company had posted a net loss of Rs 7.37 crore during the same quarter of 2014-15 fiscal, Coffee Day Enterprises said in a regulatory filing.

Net sales of the company rose 11.56 per cent to Rs 420.91 crore in the January-March period of 2015-16 as against Rs 377.27 crore in the same quarter of the preceding fiscal, it said.

Coffee Day Enterprises, which runs coffee chain under brand name Cafe Coffee Day, was listed on stock exchanges in October last year.

Coffee Day Enterprises shares were trading 1.20 per cent down at Rs 262.60 on BSE in the pre-close session.

“As such, the BJP will still have to reach out to smaller parties to ensure passage of upcoming Bills such as GST,”HSBC said, adding that “thankfully, the cohort of potential allies is likely to increase over the summer”.