Jubilant Foods Q1 net up 346% at Rs 15 cr

Jubilant Foodworks reported a nearly fourfold increase in net profit to Rs 15.27 crore for the quarter ended June 30, 2010 from Rs 3.42 crore a year ago on high sales and lower interest costs.

Net sales rose 60 per cent to Rs 135.5 crore in the June 2010 quarter from Rs 84.9 crore a  year ago while total expenditure increased from Rs 78.27 crore to Rs 116.7 crore.

At 13:40 hours, the company’s scrip was trading at Rs 352.25 on the Bombay Stock Exchange--4.96 per cent above its previous close.