Indian benchmark indices end higher on Monday, NSE Nifty reaches 9,900-mark for the first time

Indian benchmark indices end higher on Monday, NSE Nifty reaches 9,900-mark for the first time

India Blooms News Service

#BSE, # NSE, # Sensex, # Nifty, # IndianShareMarket, # JubilantFoodWorks, # DominosPizza

Mumbai, July 17 (IBNS): With the NSE Nifty closing above the 9,900-mark for the first time, the Indian stock market closed higher on Monday, according to media reports.

BSE Sensex was up 54.03 points at 32,074.78 and NSE Nifty was up 29.60 points at 9,915.95.

Top gainers on Monday included Wipro, Ultratech Cement, Vedanta, HCL Tech, Adani Ports, ICICI Bank, Cipla, Zee Entertainment and Infosys while ITC, Coal India, Yes Bank, Dr Reddy's Labs, Axis Bank, GAIL and Maruti Suzuki declined.

Jubilant FoodWorks Limited (JFL), one of India’s largest Food Service company and better known for its Domino's Pizza brand, reported its financial results for the first quarter ended 30 June, 2017 (Q1 FY18), on Monday.

The company in its report said that operating revenues for Q1 FY18 came in at Rs. 6,788 million, up 11.5% over Q1FY17,  driven by a robust Same
Store Sales growth of 6.5% in Domino’s Pizza, the highest since Q1FY16.

Overall profitability also saw significant improvement with EBITDA for Q1 FY18 increasing by 38% to Rs.796 million. The Q1 FY18 EBITDA margin at 11.7% was the highest in the last eight quarters.

Profit after Tax (PAT) in Q1 FY18 stood at Rs. 238 million, up 26% over the corresponding period last year.

PAT also reflected the adverse impact of Rs 90 million on account of restaurants closure. PAT margins at 3.5% was the highest since Q1FY17.

 

Image: Wikimedia Commons

 

Indian benchmark indices end higher on Monday, NSE Nifty reaches 9,900-mark for the first time

India Blooms News Service
Comments (0)

Post your comment:

Web Analytics