Jubilant Foodworks' Q1 net profit rises 25.53% yoy ; shares gain

The company posted net profit of Rs 23.84 crore compared to Rs 18.99 crore in the corresponding period of the previous year. 

Jubilant Foodworks' Q1 net profit rises 25.53% yoy ; shares gain
Jubilant FoodWorks operates Domino's Pizza and Dunkin' Donuts chains. Photo: Official Website
Written By: ZeeBiz WebTeam
Updated: Mon, Jul 17, 2017
01:41 pm
Mumbai, ZeeBiz WebDesk
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Key Higlights: 
  • 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.

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