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Posted

Reading snippets on line apparently this is a record quarterly loss in the firms history. The Indian financial press are unconvinced about their management ability to turn things round citing reduced profitability and increasing costs. They highlight the next quarter results as a clear indicator of the firms direction. 

There is definitely trouble at t mill.

Judging by how our club has been run  it would be no surprise to see losses continue.

Posted (edited)

https://www.reuters.com/world/india/venkys-india-swings-loss-second-quarter-weak-poultry-pricing-2025-11-07/

Largely macro factors but an 8% SP drop after a single quarter is significant. Reading the article looks as though they are (still) trying to diversify into other ventures. Rovers are one of the many that have likely failed to supplement the core business. 

With any business or P&L, when you get a negative top line the first thing that they will do is control the spend. We won't be seeing any investment for a while.....or, ever?

Bleak times over at Venky towers. What a shame for them.

Edited by Trinidad Rover
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Posted

Would they take a significant loss in their books if they sold us (with a loss)? 

Previously they've said categorically that we're not for sale, now it's different tune. I don't expect anything to happen anytime soon, but within the next five years I believe we'll have different owners.

Posted

Iv'e thought more than one recently that financial control of Rovers may well have been wrested away from the 4 loons by the VH group finance dept and/or their lenders before it brought the whole lot crashing down.

The cost cutting and cashing in ramped up undeniably since another of their finance men was stuck on the Rovers board.

If i were them i'd be recommending just what a good idea it would be to grab some money back from a sale of the club and write off the debt alongside future losses.

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