Jubilant Foodworks' Q1 net profit rises 25.53% yoy ; shares gain
- Jubilant Foodworks clocks four-folds jump on qoq basis in net profit this Q1
- Total Income rises by 11.40% year-on-year
- Sachin Sharma, President & CFO of Jubilant resigns
Jubilant Foodworks witnessed over 25% jump in its standalone net profit for the first quarter ended June 30, 2017.
The company posted net profit of Rs 23.84 crore, a rise of 25.53% compared to Rs 18.99 crore in the corresponding period of the previous year.
Total income from operations stood at Rs 681.81 crore, increasing by 11.40% year-on-year (YoY) and 10.62% quarter-on-quarter (QoQ) basis.
Also, the company allotted 5,500 equity shares under the Domino's Employee Stock Option Plan 2007 at a premium as per respective grants and also 27,420 equity shares under JFL employees stock options.
Jubilant informed that Sachin Sharma, President & CFO and Key Managerial Personel of the company has resigned from its services and his last working day will be on July 21, 2017.
A successor of Sharma will be appointed in due course.
At 1328 hours, share price of Jubilant jumped by nearly 2% at Rs 1,188.75 per piece on BSE.