Jubilant FoodWorks cracks 9% post Q1 numbers

Shares of Jubilant FoodWorks cracked over 9 per cent in Wednesday's session following June quarter results.

The profit figure for the first quarter came in flat at Rs 74.8 crore. ETNOW poll estimated the profit figure to be at Rs 86 crore.

Reported Ebitda jumped 54 per cent to Rs 219 crore on year-on-year (YoY) basis.

The company said its operating revenues for Q1FY20 stood at Rs 940.1 crore, up 9.9 per cent over Q1FY19.

"The current quarter numbers are as per IND-AS 116. Consequently, operating lease expenses have changed from rent and other expenses to depreciation and amortization expenses and finance costs. The company has adopted a modified retrospective approach for the transition to IND-AS 116 from 1 April, 2019. This approach does not require a restatement of comparative information," the company said.

Shares of Jubilant FoodWorks traded 5.13 per cent down at Rs 1,165.70 on BSE around 3:15 pm.

Suorce:-https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/jubilant-foodworks-cracks-9-post-q1-numbers/70362007