Venky’s India shares dropped 4% after the company announced its Q3 results. As of 12:38 PM, the shares were trading 4.33% lower at Rs 1,824.95.
The company posted a net profit of ₹20.38 crore, marking a 162% quarter-on-quarter surge from ₹7.76 crore in Q2 FY25. This also reflects a sharp recovery from a loss of ₹7.94 crore in the same quarter last year.
Revenue from operations stood at ₹881.61 crore, showing an increase from ₹774.20 crore in the previous quarter. However, on a year-on-year basis, revenue declined by 7.5% from ₹953.17 crore in Q3 FY24. Profit before tax improved to ₹27.85 crore from ₹11 crore in Q2 FY25, marking a significant rebound from a loss of ₹10.48 crore a year ago.
The company’s total expenses for the quarter reached ₹865.55 crore, up from ₹773.23 crore in the previous quarter but lower than ₹973.44 crore in Q3 FY24.
Venky’s India shares opened at ₹1,927.55, hitting a high of ₹2,026.60 and a low of ₹1,801.00 during the session. The stock’s 52-week high stands at ₹2,559.95, while the low is ₹1,531.00.
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