Sapphire Foods India added 2.29% to Rs 1458 after the company said that its board will meet on Wednesday, 19 June 2024, to consider a proposal for sub-division/split of existing equity shares of the company.
The announcement was made after market hours on Monday.
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Sapphire Foods India is principally engaged in the franchisee business of KFC, Pizza Hut and Taco Bell branded restaurants.
The companys consolidated net profit tumbled 98.2% to Rs 2.39 crore in Q4 FY24 as compared with Rs 135.59 crore recorded in Q4 FY23. Revenue from operations jumped 12.7% year on year to Rs 631.70 crore in the quarter ended 31 March 2024.
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