Shares of Jubilant FoodWorks tanked nearly 10 per cent Tuesday after it reported a 31.09 per cent fall in standalone net profit for the first quarter ended June 30.
After a weak opening, shares of the company further plummeted by 9.75 per cent to Rs 1,065 on BSE. At NSE, shares of the company dived 9.88 per cent to Rs 1,066.20. Stock markets were closed Monday for ‘Ganesh Chaturthi’.
Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin Donuts chains in India, on Saturday reported a 31.09 per cent fall in standalone net profit at Rs 18.99 crore for the first quarter.
The company had posted a net profit of Rs 27.56 crore in the same period of previous fiscal. However, total income from operations went up by 6.69 per cent to Rs 608.91 crore during the quarter under review as against Rs 570.68 crore in the year-ago period, Jubilant FoodWorks Ltd (JFL) had said in a filing to the BSE.