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Venkys (India) zooms post Q4 results

Recommended a dividend of Rs 5/- per equity share (50%) for the year ended March 31, 2012.

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Venkys (India) has zoomed 17% to Rs 394 after reporting 17% year-on-year (y-o-y) growth in net profit at Rs 18.12 crore on back of higher other income of Rs 10.14 crore for the quarter ended March 2012. On sequential basis, the net profit surged over six-fold from Rs 2.93 crore in December 2011 quarter. Total operational income grew 20% at Rs 267 crore on y-o-y basis.

The board of directors of the company has recommended a dividend of Rs 5/- per equity share (50%) for the year ended March 31, 2012.

As many as a combined 536,113 shares have changed hands on the counter so far, against an average around 50,000 shares that were traded daily in past two weeks on the NSE and BSE.

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