Venkys
Venky's (India) Ltd is a subsidiary of V H Group, a company that specialises in chicken meat processing, and pharmaceutical products for both poultry and human usage. The stock was yesterday locked on the 5% upper circuit after it announced its blockbuster numbers for Q4Fy17.
The higher realization on poultry products, lower raw material and interest costs is what has helped the company post these fantastic numbers. Net sales was up 4% (YoY) at Rs.619 crore but a 10% drop in raw material costs and 28% drop in interest outgo, helped the company end the quarter with a EBITDA of Rs.84 crore, up 133% and margins almost tripled from 5.98% to 13.42%. It ended the quarter with a net profit at rs.42 crore, up from Rs.20 crore in Q4FY16.
The company ended the fiscal on a very high note. Net profit rose over 3.2 times to 125 crore from Rs.38 crore (YoY). Equity stands at Rs.14.09 crore and it ended the year with an EPS at Rs.88.55 (FV of Rs.10). Reserve stands at Rs.517 crore.
Borrowings as at 31st March 2017 was at Rs.470 crore and interest outgo for the year was down from Rs.85 crore to Rs.77 crore.