Venky's (India) Limited has released its audited financial results for the quarter ended June 30, showcasing a mixed performance across its business segments.

Financial Highlights

• Revenue: The company reported revenue from operations of ₹86,583.00 lakhs, up from ₹84,315.00 lakhs in the previous quarter.
• Profit: Net profit increased to ₹1,583.00 lakhs, compared to ₹1,330.00 lakhs in the prior quarter.
• Earnings Per Share (EPS): Both basic and diluted EPS stood at ₹11.24.

Segment Performance

Venky's operates across three main segments:

1. Poultry and Poultry Products

• Revenue: ₹47,124.00 lakhs
• Faced challenges due to lower realizations from day-old chicks and grown-up birds sales

2. Animal Health Products

• Revenue: ₹9,698.00 lakhs
• Showed satisfactory performance

3. Oilseed

• Revenue: ₹33,931.00 lakhs
• Demonstrated steady improvement

Financial Position

The company's total comprehensive income for the period stood at ₹1,583.00 lakhs.

Conclusion

Venky's (India) Limited's quarterly results reflect a complex business environment with varying performances across its segments. While the company managed to increase its overall profit and revenue compared to the previous quarter, challenges persist, particularly in the Poultry segment. The Animal Health Products and Oilseed segments show promise, potentially offsetting some of the difficulties faced in the core Poultry business.

Note: All financial figures are in Indian Rupees (₹) and are reported on a standalone basis.

Venky's (India) Limited , a prominent player in the poultry and processed food industry, has recently announced its financial results for the fourth quarter of the fiscal year, along with a dividend declaration. The company's performance shows a mixed bag of results, with a dividend payout amidst declining revenue and profitability.

Dividend Announcement

In a move that may interest shareholders, Venky's (India) has declared a dividend of ₹10.00 per share. This announcement comes as a positive note amidst the company's challenging quarterly performance.

Q4 Financial Performance

Revenue Decline

Venky's (India) reported a decrease in its Q4 revenue, which fell to ₹840.00 crore from ₹896.00 crore in the same quarter of the previous year. This represents a year-over-year decline of approximately 6.25%.

Profitability Metrics

The company's profitability metrics have also seen a significant downturn:

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q4 decreased substantially to ₹25.40 crore, down from ₹50.00 crore in the corresponding quarter of the previous year, marking a decline of 49.20%.

The EBITDA margin, a key indicator of operational efficiency, contracted to 3.01% from 5.58% in the year-ago period, reflecting a decrease of 2.57 percentage points.

Net profit for the quarter saw a sharp decline, falling to ₹13.30 crore from ₹33.50 crore in the previous year, representing a significant decrease of 60.30%.

Conclusion

Venky's (India) Limited's fourth-quarter results paint a picture of financial challenges, with declines across key financial metrics including revenue, EBITDA, and net profit. Despite these headwinds, the company's decision to declare a dividend of ₹10.00 per share may be seen as a signal of confidence in its long-term prospects or a commitment to shareholder returns.

Investors and market analysts will likely be watching closely to see how Venky's (India) navigates these challenges and what strategies it employs to improve its financial performance in the coming quarters.