Venkys (India) rallies 10%, hits 52-week high post Q4 results

The board has recommended a dividend of Rs 17 per equity share (170 per cent) for the year ended March 31, 2021, subject to the approval of shareholders

Shares of Venky’s (India) hit a 52-week high of Rs 1,968.60 after rallying 10 per cent on the BSE in intra-day trade on Wednesday after the company reported a standalone net profit of Rs 77.90 crore for the quarter ended March 2021 (Q4FY21). It had posted a net loss of Rs 96.73 crore in the year-ago quarter. On a sequential basis, the net profit was down 27 per cent from Rs 106.50 crore as the company witnessed some negative impact due to outbreak of bird flu.

The company’s revenue from operations grew 42 per cent to Rs 941.35 crore