 "Jubilant Foodworks surges over 6% on strong Q1 earnings")
Jubilant Foodworks gained as much as 6.6% to Rs 1,242 on BSE after the company beat street expectations to report a 25% rise in net profit for the quarter ending June 2017.
The company posted net profit of Rs 23.84 crore as compared to Rs 18.99 crore in the corresponding period of the previous year.
Revenue from operations for the firm witnessed a rise of 11.5% to Rs 679 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 79.6 crore. The operating margin was reported at 11.7% for Q1.
It also allotted 5,500
The company posted net profit of Rs 23.84 crore as compared to Rs 18.99 crore in the corresponding period of the previous year.
Revenue from operations for the firm witnessed a rise of 11.5% to Rs 679 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 79.6 crore. The operating margin was reported at 11.7% for Q1.
It also allotted 5,500
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