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Venky’s Q4 Results: Net Profit up 33%; Q4 revenue falls to ₹896 Crore from ₹1042 Crore YoY

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Synopsis:

Venky’s saw Profit Before tax of ₹47.45 Crore and Profit After Tax at ₹33.51 Crore in Q4, but its Q4 revenue fell to ₹896 Crore from ₹1042 Crore YoY. The Board recommended a dividend of ₹7 per share

5 Key Financial Highlights

Even with the ups and downs of Q4FY24, Venky’s has seen significant growth this quarter. Here are some of the main highlights from the Venky's Q4 Results:

  • Q4 revenue of ₹895.94 Crore, down from ₹1042 Crore in Q4FY23  

  • Profit Before Tax for Q4 of ₹47.45 Crore up from ₹34.19 Crore in Q4FY23

  • Profit After Tax for Q4 of ₹33.51 Crore up from f₹25.23 Crore in in Q4FY23

  • Revenues for FY24 at ₹3738.15 Crore down from ₹4233.69 Crore in FY23 

  • Profit After Tax for FY24 at ₹79.07 Crore up from ₹70.48 Crore in FY23

ExploreVenky S (india) Limited Share Price

Key Business Updates:

  • The Board has recommended a dividend of ₹7 (70%) per share

  • The profit margins of the poultry and poultry products segment for Q4FY24 were better as compared to previous quarters

  • Venky’s reduced volatility in its business portfolio by diversifying into non-volatile practises

  • Oilseed segments' sales turnover and margins were affected due to unfavorable market conditions. 

  • The performance of the Animal Health Products segment has been satisfactory

Additional ReadQuarterly Results

Profitability Analysis:

Though the revenues of both Q4FY24 and FY24 have dipped, the PAT for both these periods has risen considerably solely due to demand. The company’s Q4 saw revenue of ₹895.94 Crore, down from ₹1042 Crore in Q4FY23, Profit Before Tax of ₹47.45 Crore up from ₹34.19 Crore in Q4FY23 and Profit After Tax of ₹33.51 Crore up from f₹25.23 Crore in Q4FY23. When it came to the FY24 results, Venky’s revenues were at ₹3738.15 Crore down from ₹4233.69 Crore in FY23 and its Profit After Tax came at ₹79.07 Crore up from ₹70.48 Crore. The company’s Board has recommended a dividend of ₹7 (70%) per share. Other than this, the company’s profit margins of the poultry and poultry products segment for Q4FY24 were better as compared to previous quarters.   

Additional ReadSBI Q4 Results

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of Venky's  (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Revenue From Operations

895.94 

953.17

1042.47

3738.15

4233.69

PBT

47.45

10.48

34.19

109.42

95.30

Profit for the period

33.51

7.94

25.23

79.07

70.48

The Future of Venky's 

Despite the drop in the revenue of the company for both the Q4 and FY24 periods, it can be seen that despite the odds, Venky’s has managed to see a rise in its PAT both for Q4FY24 and FY24 as a whole. The company’s Profit After Tax for Q4 of ₹33.51 Crore up from ₹25.23 Crore in Q4FY23 and the Profit After Tax for FY24 stood at ₹79.07 Crore up from ₹70.48 Crore in FY23. Add to this the fact that the profit margins of the poultry and poultry products segment for Q4FY24 were better as compared to previous quarters and the company has also been able to reduce volatility in its processes which could lead one to stay positive about the future of the company.

Additional ReadHindustan Petroleum Q4 Results

Conclusion

Though Q4FY24 might not have been the most profitable quarter for the period, Venky’s did see Profit Before tax of ₹47.45 Crore and Profit After Tax at ₹33.51 Crore in Q4. Plus the Board recommended a dividend of ₹7 per share too. So despite the odds, the company did manage to churn out a profit, all thanks to popular demand.

Additional Read: Tata Motors Q4 Results

About The Company:

Founded as Venkateshwara Hatcheries Pvt Ltd in the city of Hyderabad in 1971, Venkys has come a long way in the past decades. The initial base of Hyderabad was shifted to Pune since the latter brought with it better climatic conditions for livestock. The company has now officially become a conglomerate and has companies under it related to the poultry industry. These include categories like processed food, animal vaccines, human and animal pharmaceutical as well as healthcare products. 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What was Venky’s PAT for both Q4FY24 and FY24?

Answer Field

Venky’s Profit After Tax for Q4 stood at ₹33.51 Crore up from ₹25.23 Crore in Q4FY23 and the Profit After Tax for FY24 stood at ₹79.07 Crore up from ₹70.48 Crore in FY23.

What are some of the main business updates for Venkys?

Answer Field

Despite the numbers that were reflected in Venky's’s Q4 results, there were a couple of business updates that the company saw in FY24 as well. Here is a list of some of them :

  • The profit margins of the poultry and poultry products segment for Q4FY24 were better as compared to previous quarters

  • Venky’s reduced volatility in its business portfolio by diversifying into non-volatile practises

  • Oilseed segments' sales turnover and margins were affected due to unfavorable market conditions. 

  • The performance of the Animal Health Products segment has been satisfactory

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