Jubilant FoodWorks revokes EUR 116 million corporate guarantees issued to HSBC for Dutch subsidiary JFN
Jubilant FoodWorks Limited, the master franchisee of Domino's Pizza in India and several other regions, reported a significant 76% year-on-year decline in net profit for the quarter ended March 31, 2025. The company posted a net profit of ₹49.3 crore, down from ₹208.3 crore in the same period last year. The decline was attributed to […] By Aditya Bhagchandani Published on May 14, 2025, 16:42 IST
Jubilant FoodWorks Limited, the master franchisee of Domino's Pizza in India and several other regions, reported a significant 76% year-on-year decline in net profit for the quarter ended March 31, 2025. The company posted a net profit of ₹49.3 crore, down from ₹208.3 crore in the same period last year. The decline was attributed to the absence of exceptional gains seen in Q4 FY24 and persistent cost pressures.
Despite the profit decline, revenue from operations rose 33.6% YoY to ₹2,103.1 crore in Q4 FY25 compared to ₹1,573.97 crore in Q4 FY24. Total income, including other income, stood at ₹2,113.9 crore.
However, profit before tax dropped to ₹69.5 crore, down sharply from ₹225 crore a year earlier, indicating cost escalation and margin compression. FY25 performance highlights: Revenue from operations: ₹8,141.7 crore (up 44% YoY)
Net profit: ₹217.1 crore (down 46% from ₹400 crore in FY24) Corporate Update:
The company also announced the revocation of corporate guarantees amounting to EUR 116.09 million issued in favour of HSBC Bank. These guarantees were originally provided for the repayment obligations of Jubilant Foodworks Netherlands B.V. (JFN), a wholly owned subsidiary. The company disclosed it may replace the guarantees with an alternative arrangement mutually agreed upon with HSBC Bank, without any further recourse to Jubilant FoodWorks.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Scanfil Expands in Northern US by Acquiring ADCO Circuits
DETROIT, June 10, 2025--(BUSINESS WIRE)--Scanfil, Europe's largest public Electronics Manufacturing Service company, is excited to announce the acquisition of 80% of ADCO Circuits Inc. ("ADCO"), a leading Electronics Manufacturing Service company based in the Greater Detroit area, Michigan. This strategic acquisition enhances Scanfil's offering and geographical reach in the USA. Currently, Scanfil operates one electronics and system integration plant in Atlanta, Georgia. ADCO brings substantial expertise in electronics and box build manufacturing with a strong presence in Industrial and Aerospace & Defense markets. ADCO's focus on complex assemblies aligns perfectly with Scanfil's offering. The innovative ADCOproto web based platform delivers fast prototypes to support engineers' development work. It will significantly enhance Scanfil's service portfolio to existing and new customers. "We are thrilled to welcome ADCO and Marc to the Scanfil family. This acquisition allows us to expand our footprint in the USA significantly. Combined with our investments in the Atlanta plant's electronics manufacturing capabilities, we can more than double our turnover in the USA," says Scanfil's CEO Christophe Sut. "ADCO brings two generations of expertise, long-standing customer relationships, skilled employees, and modern manufacturing technology, which will create tremendous synergies with Atlanta operations." ADCO's team of 120 employees along with an advanced manufacturing facility will further enhance Scanfil's production capabilities. Automated inventory management, advanced production and test systems make it an ideal partner for demanding customers. "ADCO is excited to enter a new, long-term phase of growth that partnering with Scanfil allows. We share the same values, and together ADCO is better positioned to seize market opportunities. Customers and employees can expect business as usual, but with additional capabilities and growth opportunities," commented Marc Damman, President of ADCO The closing of the deal is subject to regulatory approval in the USA, which is expected to be granted in Q3 2025. The purchase price for 80% of the shares is USD 15.5 million. Marc Damman, the President of ADCO, will retain 20% of the shares. Scanfil will host an online presentation of the transaction at 8.30 a.m. CDT on 11 June. The online event can be accessed: Scanfil in brief Scanfil plc is Europe's largest listed provider of electronics manufacturing services (EMS), with a turnover of EUR 780 million in 2024. The company serves global sector leaders in the customer segments of Industrial, Energy & Cleantech, and Medtech & Life Science. Scanfil's services include design services, prototype manufacture, design for manufacturability (DFM) services, test development, supply chain and logistics services, circuit board assembly, manufacture of subsystems and components, and complex systems integration services. Scanfil's objective is to grow customer value by improving their competitiveness and by being their primary supply chain partner and long-term manufacturing partner internationally. Scanfil's longest-standing customer account has continued for more than 40 years. The company has global supply capabilities and eleven production facilities across four continents. ADCO Circuits ADCO Circuits, Inc., established in 1981 in Rochester Hills, Michigan, provides electronic design and circuit board assembly services to a wide range of companies in the industrial, medical, automotive, telecommunications, and aerospace/military equipment markets. ADCO is ISO 9001, AS9100D, and IATF16949 certified, and compliant to ISO 13485. As a full-service turnkey supplier of custom electronics, ADCO offers support from design and prototyping to new product introduction and full-rate production. View source version on Contacts For additional information:Christophe Sut, CEO of ScanfilTel. +46 721 51 75 Pasi Hiedanpää, Investor Relations and Communications Director of ScanfilTel. +358 50 378 Sign in to access your portfolio
Business Wire
36 minutes ago
- Business Wire
Scanfil Expands in Northern US by Acquiring ADCO Circuits
DETROIT--(BUSINESS WIRE)--Scanfil, Europe's largest public Electronics Manufacturing Service company, is excited to announce the acquisition of 80% of ADCO Circuits Inc. ('ADCO'), a leading Electronics Manufacturing Service company based in the Greater Detroit area, Michigan. This strategic acquisition enhances Scanfil's offering and geographical reach in the USA. Currently, Scanfil operates one electronics and system integration plant in Atlanta, Georgia. ADCO brings substantial expertise in electronics and box build manufacturing with a strong presence in Industrial and Aerospace & Defense markets. ADCO's focus on complex assemblies aligns perfectly with Scanfil's offering. The innovative ADCOproto web based platform delivers fast prototypes to support engineers' development work. It will significantly enhance Scanfil's service portfolio to existing and new customers. 'We are thrilled to welcome ADCO and Marc to the Scanfil family. This acquisition allows us to expand our footprint in the USA significantly. Combined with our investments in the Atlanta plant's electronics manufacturing capabilities, we can more than double our turnover in the USA,' says Scanfil's CEO Christophe Sut. 'ADCO brings two generations of expertise, long-standing customer relationships, skilled employees, and modern manufacturing technology, which will create tremendous synergies with Atlanta operations.' ADCO's team of 120 employees along with an advanced manufacturing facility will further enhance Scanfil's production capabilities. Automated inventory management, advanced production and test systems make it an ideal partner for demanding customers. 'ADCO is excited to enter a new, long-term phase of growth that partnering with Scanfil allows. We share the same values, and together ADCO is better positioned to seize market opportunities. Customers and employees can expect business as usual, but with additional capabilities and growth opportunities,' commented Marc Damman, President of ADCO The closing of the deal is subject to regulatory approval in the USA, which is expected to be granted in Q3 2025. The purchase price for 80% of the shares is USD 15.5 million. Marc Damman, the President of ADCO, will retain 20% of the shares. Scanfil will host an online presentation of the transaction at 8.30 a.m. CDT on 11 June. The online event can be accessed: Scanfil in brief Scanfil plc is Europe's largest listed provider of electronics manufacturing services (EMS), with a turnover of EUR 780 million in 2024. The company serves global sector leaders in the customer segments of Industrial, Energy & Cleantech, and Medtech & Life Science. Scanfil's services include design services, prototype manufacture, design for manufacturability (DFM) services, test development, supply chain and logistics services, circuit board assembly, manufacture of subsystems and components, and complex systems integration services. Scanfil's objective is to grow customer value by improving their competitiveness and by being their primary supply chain partner and long-term manufacturing partner internationally. Scanfil's longest-standing customer account has continued for more than 40 years. The company has global supply capabilities and eleven production facilities across four continents. ADCO Circuits ADCO Circuits, Inc., established in 1981 in Rochester Hills, Michigan, provides electronic design and circuit board assembly services to a wide range of companies in the industrial, medical, automotive, telecommunications, and aerospace/military equipment markets. ADCO is ISO 9001, AS9100D, and IATF16949 certified, and compliant to ISO 13485. As a full-service turnkey supplier of custom electronics, ADCO offers support from design and prototyping to new product introduction and full-rate production.
Yahoo
3 hours ago
- Yahoo
Norsk Hydro: Successful placement of inaugural European Green Bond
Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent (3.779 percent reoffer yield). "We are delighted to have completed such a successful placement and issued our inaugural EuGB. The strong interest confirms that Hydro is considered an attractive investment for bond investors supporting our strategy of pioneering the green aluminium transition, powered by renewable energy. We are pleased to have achieved highly competitive terms," says Chief Financial Officer, Trond Olaf Christophersen. An amount equivalent to the proceeds from the bond issue will be allocated to eligible activities as detailed in Hydro's European Green Bond Factsheet. The transaction also markets Hydro as the first issuer of an EuGB from the Nordic region, highlighting the company's commitment to the development of the sustainable finance markets. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin). BNP Paribas, Citi, Crédit Agricole Corporate and Investment Bank, DNB Carnegie, Goldman Sachs Bank Europe SE and Nordea are Joint Lead Managers for the transaction. Citi acted as the Green Structuring Bank. Investor contactElitsa 91775472 Media contactAnders Vindegg+47 Group Treasury and TaxNesrin Taraf+47 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
