Latest news with #Venky's
BBC News
22-05-2025
- Business
- BBC News
Blackburn CEO Waggott leaves after seven years
Blackburn Rovers chief executive Steve Waggott has left the Championship club after seven years in 70-year-old joined the club in December 2017 having previously been chief executive at Coventry City, Charlton Athletic and arrived in the same season that Rovers won automatic promotion from League One to the Championship at the first then Rovers have remained in the second tier and this season, despite a promising first half of the campaign, they ultimately missed out on a play-off place by two points."We would like to thank Steve for his work over the past seven years and we wish him well for his future endeavours," a club statement said., externalThe club have not yet made clear who will take over from Waggott or when an appointment will be made. Waggott's exit from the club comes amid fan protests against his position and that of owners Venky's during this March, a collection of Blackburn Rovers supporters groups called upon Waggott as well as head of football operations Rudy Gestede and chief operating officer, and representative of the owners, Suhail Pasha to not attend their final eight league groups believed the trio had become a target for frustrations at how the club was being run and argued that their absence could result in a more positive environment for the team to perform response, the club welcomed the call for unity, but insisted the senior leadership team would continue to attend a dip in form under new boss Valerien Ismael during which they went almost two months without a win, Blackburn eventually rallied at the tail end of the a run of four wins and two draws to close out the season, however, they narrowly missed out on a top six place on the final Rovers confirmed on Tuesday its women's team would drop out of the second tier Women's Championship next season because owners Venky's are unwilling to meet the league's requirements on facilities, player welfare and was a decision which defender Rachel Dugdale said had left the club's players feeling "devalued" by the "lack of communication" shown.
Yahoo
13-05-2025
- Sport
- Yahoo
Blackburn might withdraw from Women's Championship
Blackburn Rovers might withdraw from the Women's Championship next season because the club's owners are unwilling to meet the league's requirements on facilities, player welfare and staffing. They are in discussions with Women's Super League Football (WSL Football) - the company overseeing the top two tiers in England - on whether special considerations can be made. Meetings are taking place over the next week but it is understood they are in a perilous position, with players claiming they were told by a team-mate via WhatsApp that there is a "99% chance the owners will not be financially supporting the team next season". Defender Niamh Murphy, 22, said: "I have been a Blackburn Rovers player for three seasons and the only consistency there has been is the lack of financial support from the club. "Whilst this season may not look successful to some, we have once again avoided relegation despite having the smallest budget. "This is a huge success and a credit to the women's players and staff." I have been a @RoversWFC player for three seasons and the only consistency there has been is the lack of financial support from the deserve better. @Rovers — Niamh Murphy (@niamhmurphy_3) May 13, 2025 She goes on to say the team "deserves far better" and have been "left in the dark" over their future. It would be the second year a club withdraws from the league because of financial concerns after Reading dropped to the fifth tier in June 2024. All clubs in the Women's Super League (WSL) and Women's Championship must meet licence criteria to create a professional environment. The criteria includes minimum standards on aspects such as elite facilities, the number of full-time staff, wellbeing support and contact hours with players. A compliance and development review is carried out at each club at the start of the season. Blackburn's women have a rich history of developing talent with England internationals Keira Walsh, Ella Toone and Georgia Stanway among those to have come through the club's academy. But the news about the women's team comes amid wider issues around the club in recent months, and financial pressures. While Blackburn Rovers' latest accounts, published in March, showed they made a £3.3m profit, that was because of significant sales of players in the men's team such as Adam Wharton, who joined Crystal Palace for £18m. The club was spending 119% of its turnover on wages. Blackburn Rovers chief operating officer Suhail Pasha told BBC Radio Lancashire that every year the club was guaranteed to have a £20m shortfall that needed to be bridged by owners Venky's. In March several fan groups called on Pasha and two other leading officials to stay away from men's matches at Ewood Park. They were also calling on Venky's to sell the club as the men's team fell out of Championship play-off contention and lost manager John Eustace to Derby. The women's team have played matches at Ewood Park this season in an attempt to grow the fanbase, and in turn matchday revenue, but average crowds remain under 1,000. The repercussions of Blackburn's situation - should they withdraw from the second tier - are still unknown. However, one option could be to reinstate relegated Sheffield United to the Women's Championship. As is stands, it is understood the Blades have been given no indication of a change to their league status. Women's Championship renamed WSL2 from next season Get the latest WSL news on our dedicated page
Business Standard
12-05-2025
- Business
- Business Standard
Venky's (India) standalone net profit declines 60.31% in the March 2025 quarter
Sales decline 5.89% to Rs 843.16 crore Net profit of Venky's (India) declined 60.31% to Rs 13.30 crore in the quarter ended March 2025 as against Rs 33.51 crore during the previous quarter ended March 2024. Sales declined 5.89% to Rs 843.16 crore in the quarter ended March 2025 as against Rs 895.94 crore during the previous quarter ended March 2024. For the full year,net profit rose 47.49% to Rs 116.62 crore in the year ended March 2025 as against Rs 79.07 crore during the previous year ended March 2024. Sales declined 11.53% to Rs 3306.99 crore in the year ended March 2025 as against Rs 3738.15 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 843.16895.94 -6 3306.993738.15 -12 OPM % 3.015.58 - 5.193.30 - PBDT 32.9756.44 -42 199.44144.42 38 PBT 22.9947.45 -52 162.71109.42 49 NP 13.3033.51 -60 116.6279.07 47
Reuters
12-05-2025
- Business
- Reuters
Poultry firm Venky's India posts drop in fourth-quarter profit on shrinking margins
May 12 (Reuters) - Venky's India ( opens new tab posted a 60% drop in fourth-quarter profit on Monday, as its poultry business margins shrank due to lower price realizations. The Pune-based poultry firm's profits dropped to 133 million rupees ($1.6 million) in the quarter ended March 31 from the year-ago 335.1 million rupees. Its poultry and poultry products business, which accounts for about 54% of the total revenue, reported a 89% drop in profit before tax and interest. The poultry business is involved in the production and sale of day-old broiler and layer birds. The company said its animal health products segment's profit before tax and interest grew 5% year-on-year, and the oilseed segment business more than doubled in the reported quarter. Venky's sells edible oil obtained from processing oilseed such as soy, while the by-product, the de-oiled cake, is sold or used as poultry feed. The firm's overall revenue from operations fell 5.9% to 8.43 billion rupees. The poultry firm said it will foray into the ready-to-cook spices market with ready-mix powders and that it expects to begin commercial production by the end of the first quarter of fiscal year 2026. The project will cost about 160 million rupees and will be fully funded through internal accruals. The company will also expand capacity for its specific Pathogen free (SPF) eggs production unit for 700 million rupees. Venky's India stock fell about 0.5% after the results. ($1 = 84.6880 Indian rupees)
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Business Standard
12-05-2025
- Business
- Business Standard
Q4 results today: Tata Steel, PVR Inox, Raymond, Thomas Cook on May 12
Tata Steel, Ather Energy, and Bajaj Electricals will be among 80 companies to release their earnings report for the fourth quarter (Q4) of the financial year 2024-25 (FY25) on Monday. These companies will also release their performance report for the entire financial year that ended on March 31, 2025. PVR Inox, Raymond, Thomas Cook, JM Financial, Venky's, and CARE Ratings will also be releasing their performance report for the January-March quarter today. Market overview May 12 On May 9, the Sensex and Nifty 50 extended their losses for a second session, with rising tensions with Pakistan weighing on investor sentiment. The Nifty 50 fell 265.80 points (1.10 per cent) to 24,008, and the Sensex dropped 880.34 points (1.10 per cent) to 79,454.47. Indian stock markets will focus on Q4 earnings and global factors, including ongoing China-US trade talks. Despite early violations, the India-Pakistan agreement appears stable, which may ease market concerns. At 6:40 am, GIFT Nifty futures were trading 500 points higher at 24,575. Follow the latest market updates here: Stock Market LIVE Updates List of firms releasing Q4 FY25 results on May 12 Aarti Surfactants Limited Andhra Cements Limited Advait Infratech Limited Akme Fintrade (India) Limited Authum Investment & Infrastructure Limited Alicon Castalloy Limited Alufluoride Limited Artemis Medicare Services Limited Ather Energy Limited Avadh Sugar & Energy Limited Bajaj Electricals Limited Bliss GVS Pharma Limited Bharat Parenterals Limited Carborundum Universal Limited CARE Ratings Limited Chalet Hotels Limited Cineline India Limited DCW Limited Euphoria Infotech (India) Limited Exhicon Events Media Solutions Limited Frontier Capital Ltd GEM Enviro Management Ltd Happiest Minds Technologies Ltd HB Estate Developers Ltd Healthy Life Agritec Ltd India Finsec Ltd Jai Balaji Industries Ltd JM Financial Ltd Jyothy Labs Ltd Kemp & Company Ltd Krishna Institute of Medical Sciences Limited Kewal Kiran Clothing Limited KRN Heat Exchanger and Refrigeration Limited Krsnaa Diagnostics Limited Man Industries (India) Limited Metroglobal Limited Market Creators Limited Modella Woollens Limited Morepen Laboratories Limited Pune E-Stock Broking Limited PG Electroplast Limited Pil Italica Lifestyle Limited Praxis Home Retail Limited Prudent Corporate Advisory Services Limited PVR INOX Limited Raymond Limited Raymond Lifestyle Limited RBZ Jewellers Limited Remi Edelstahl Tubulars Limited Sacheta Metals Limited Sodhani Academy of Fintech Enablers Ltd. Sagar Cements Ltd. Sar Auto Products Ltd. Sellwin Traders Ltd. Springform Technology Ltd. Shivam Autotech Ltd. Shyamkamal Investments Ltd. Sicagen India Ltd. Siyaram Silk Mills Ltd. Speciality Restaurants Ltd. SRF Ltd. Starlog Enterprises Ltd. Super Sales India Ltd. Tata Steel Ltd. TD Power Systems Ltd. Thomas Cook (India) Limited Tips Films Limited The Ugar Sugar Works Limited UPL Limited Usha Martin Limited Venky's (India) Limited Ventive Hospitality Limited Vidhi Specialty Food Ingredients Limited Vijaya Diagnostic Centre Limited Vineet Laboratories Limited Vivanza Biosciences Limited Walchand PeopleFirst Limited Zaggle Prepaid Ocean Services Limited Arco Leasing Limited Zenlabs Ethica Limited
