Sapphire Foods India Ltd, which operates KFC and Pizza Hut restaurants in India and Sri Lanka, reported a narrower net loss of Rs 1.5 crore for the September quarter, while revenue rose 20 percent.
Shares of the company recovered from the day's lows to trade 1.7 percent higher at Rs 196.23 per share on the NSE at around 3.15 pm on Thursday.
The company had posted a net loss of Rs 12.8 crore in the corresponding quarter of the previous fiscal.
Revenue from operations rose to Rs 888 crore in the September quarter from Rs 742 crore a year earlier.
In its investor presentation, Sapphire Foods said it recorded its highest quarterly revenue and adjusted EBITDA growth in the past 16 quarters.