Venky's India Ltd Q3FY21 net profit zooms to Rs. 106.50 crore

VENKY'S (INDIA) LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.940.66 crores during the period ended December 31, 2020 as compared to Rs.709.66 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.106.50 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.36.36 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.75.60 for the period ended December 31, 2020 as compared to Rs.25.81 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 940.66 crs	₹ 709.66 crs	32.55%
Net Profit	₹ 106.50 crs	₹ 36.36 crs	192.9%
EPS	₹ 75.60	₹ 25.81	192.91%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.940.66 crores during the period ended December 31, 2020 as compared to Rs.889.36 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.106.50 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.(5.86) crores for the period ended December 31, 2019.

The company has reported EPS of Rs.75.60 for the period ended December 31, 2020 as compared to Rs.(4.16) for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 940.66 crs	₹ 889.36 crs	5.77%
Net Profit	₹ 106.50 crs	₹ (5.86) crs	1917.41%
EPS	₹ 75.60	₹ (4.16)	1917.31%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2199.58 crores during the 9 months period ended December 31, 2020 as compared to Rs.2626.91 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.189.84 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.69.57 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.134.76 for the 9 months period ended December 31, 2020 as compared to Rs.49.38 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 2199.58 crs	₹ 2626.91 crs	-16.27%
Net Profit	₹ 189.84 crs	₹ 69.57 crs	172.88%
EPS	₹ 134.76	₹49.38	172.9%

The improved financial performance seen in the half-year ended 30th September, 2020 has further continued in the quarter ended 31st December, 2020 as well. During the quarter, the poultry and poultry products segment posted higher realizations from the sale of day old chicks and grown up broilers. Maize prices have been steady throughout the quarter and the outlook appears to be stable.

Borrowings: As on 31.12.2020 the outstanding term loan was Rs. 22.81 cr. as compared to Rs.24.81 cr. on 30.9.2020. Working capital facility availed as on 31.12.2020 stood at Rs. 183.43 cr. as against Rs.229.92 cr. as on 30.9.2020.

Shares of VENKY'S (INDIA) LTD. was last trading in BSE at Rs.1577.4 as compared to the previous close of Rs. 1540. The total number of shares traded during the day was 4466 in over 469 trades.

The stock hit an intraday high of Rs. 1580 and intraday low of 1555.45. The net turnover during the day was Rs. 7014123.

Source : Equity Bulls

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