Venky's shares hit 20% upper circuit after Q1 profit soars 287% YoY to Rs 75 crore

Venky's (India) shares on Wednesday hit a 20% upper circuit after the poultry firm reported a 287% jump in its June quarter net profit to Rs 75.18 crore versus Rs 19.41 crore reported by it in the year ago period. The stock was trading at Rs 2,191.65 on the NSE, gaining Rs 365.25 over Tuesday’s closing price.

However, the revenue from operations stood at Rs 808 crore. It was Rs 976.44 crore in the corresponding quarter of the previous financial year. On a YoY basis, the revenue was down by over 17%. The overall revenue was down because of a decline in revenue of its oil seed segment.

Segment revenue

The revenue from poultry and poultry products stood at Rs 514 crore, up from Rs 436 crore reported in the year-ago period.

The Animal Health products segment reported revenue of Rs 83.51 crore in Q1FY25 versus Rs 79.27 crore in Q1FY24.

The oil seed segment reported revenue of Rs 238 crore in the quarter under review, down from Rs 489.36 crore in the year ago period.

The profit margins of the poultry and poultry products segment for the quarter were better due to improved realisations from sale of day old chicks and grown up birds, the company filing said.

The company's oilseed segment’s margins were affected on account of lower sales and lower raw material prices and also due to subdued realisations from the finished goods i.e. de-oiled cake and oil, the filing said.

Performance of the Animal Health Products segment has been satisfactory, the company said.

Shares of the company ended at the same price at close of day.

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