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Profits Fall for Venky's

by 5m Editor
9 November 2011, at 8:02am

INDIA - Venky's has reported profit down 33 per cent for the last quarter compared to the same period last year.

Venky's (India) has posted a 32.61 per cent decrease in net profit of 96.1 million rupees (INR) for the second quarter (Q2) of financial year 2011-12, as compared to INR14.26 million for the quarter ended 30 September 2010.

According to NDTV Profit, total income has increased from INR2.04 billion for the July-September quarter last year to INR2.41 billion for this quarter, reflecting a rise of 18.14 per cent.

EBIDTA for the first half of this financial year stood at INR303.3 billion, down from INR592.6 billion in the corresponding period last year, while its margin fell to 12.5 per cent from 29.04 per cent last year.

Basic and diluted earnings per share too fell from INR45.13 to INR21.26 in this quarter.

Shares of the company declined by INR12.45, to settle 2.47 per cent lower at INR491.20 on the Bombay Stock Exchange.