Jubilant FoodWorks on Wednesday reported a fall of 70 per cent year-on-year (YoY) in its consolidated net profit at Rs 28.542 crore for the quarter that ended on 31 March 2023, compared to Rs 96 crore the previous year in the same quarter.
The company’s consolidated revenue from operations grew by 8 per cent YoY at Rs 1269.847 crore in the quarter gone by, as compared to Rs 1175.974 crore. However, its revenue has dropped by 4.6 per cent quarter-on-quarter (QoQ), against Rs 1331.815 crore in Q3FY23.
According to the company, the Board recommended a 60 per cent dividend of Rs 1.20 per equity share of face value of Rs 2 each for the financial year 2022-23.
“The dividend upon approval by the shareholders will be paid/dispatched within 30 days from the date of AGM,” the company said in a regulatory filing.
Jubilant FoodWorks has recently made several key appointments. Amit Jain has been appointed as an independent director, effective from 1 July2023, for a term of five years.
Additionally, Vikram Singh Mehta has been reappointed as an independent director for a second consecutive term of five years, starting from 1 February 2024, until 31 January 2029.
Furthermore, Deepa Misra Harris has been reappointed as an independent director, commencing from 21 June 2024, and extending until 20 June 2029. These appointments signify the company’s commitment to ensuring a skilled and diverse board of directors.