Jubilant FoodWorks hits new high on good Q4 results; 1:1 bonus

The stock hit new high of Rs 2,668, up 2% on the BSE, bouncing back 5% from its intra-day low after the company reported more than 10-fold jump in net profit at Rs 681 million in Q4FY18.

Shares of Jubilant FoodWorks hit new high of Rs 2,668 per share, up 2% on the BSE, bouncing back 5% from their intra-day low after the company reported more than 10-fold jump in net profit at Rs 681 million in March 2018 quarter (Q4FY18). It had profit of Rs 67 million in a year ago quarter.

Revenue from operations during the quarter under review grew 27% year on year (y-o-y) at Rs 7,798 million against Rs 6,128 million in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin improved 650 bps to 16.4%