Venky's Q2 results: Poultry company swings to profit, revenue up 33%; shares slump 6%

Résumé détaillé

Venky's Poultry and Poultry Products segment remains the company's biggest money maker, accruing ₹513 crore; then comes the Oilseed business with a revenue of ₹494 crore; and then…

Venky's shares are down nearly 6% after the company announced its results for Q2FY27 on Friday, November 13. The company turned profitable for the quarter compared to last year as it recorded a profit after tax (PAT) of ₹14.6 crore compared to last year's (Q2FY26) loss of ₹26.53 crore.

Revenue increased 33.1% YoY to ₹1,066 crore in the September quarter, from ₹801 crore last year. Finally, the company's Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) came in at ₹22.6 crore in the September quarter from an EBITDA loss of ₹31 crore in Q2FY26.

The company's Poultry and Poultry Products segment remains the company's biggest money maker, accruing ₹513 crore; then comes the Oilseed business with a revenue of ₹494 crore; and then comes Animal Health Products with ₹98 crore.

In addition to the results, the integrated poultry company also announced managerial appointments

1. Appointment of Col (Dr) Ram Vasant Athavale (Retd.) (DIN: 12019005) as an Additional Director in the capacity of Independent Director based on recommendation of the Nomination and Remuneration Committee and subject to approval of the shareholders.

2. Appointment of Brig. Ashutosh Dattaray Nargolkar (Retd.) (DIN: 07940176) as an Additional Director in the capacity of Non-Executive Non-Independent.

The company added that both Col. (Dr) Ram Vasant Athavale (Retd.) and Brig. Ashutosh Dattaray Nargolkar (Retd.) are not related to any of the Directors of the Company.

Following the September quarter results announcement, shares of Venky's fell as much as 5.8% to an intraday low of ₹1,523.30, adding to the monthly loss of almost 3% in the stock price.

As of 1.20 pm on Friday, the shares were trading 3.5% lower at ₹1,559.70.

Début de l'article, extrait de CNBC-TV18. Pour lire la suite, ouvrez l'article chez le média.