Conference Call with Kaveri Seed Company Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Agricultural Products company Kaveri Seed Company announced Q4FY23 & FY23 results: Q4FY23: Revenue from Operations was at Rs 60.64 crore as compared to Rs 54.56 crore in Q4FY22, up 11.14% EBITDA was at Rs (6.73) crore Net Profit was at Rs (13.89) crore FY23: Revenue from Operations was at Rs 1,000.56 crore as compared to Rs 915.00 crore in FY22, registered a growth of 9.35% EBITDA was at Rs 296.94 crore as compared to Rs 238.41 crore in FY22, grown by 24.55% Net Profit was at Rs 267.04 crore as compared to Rs 208.90 crore in FY22, grown by 27.83% Commenting on the results, G V Bhaskar Rao, Chairman & Managing Director said, “We are delighted to declare good numbers for the year on account of realising good growth in both volumes and revenues. Both cotton and non-cotton segments have equally done well during the year and we expect the same trend to continue in the next couple of years. Maize, Rice, Wheat, and vegetable segments continue to do well and Bajra’s growth is very encouraging due to the increased focus of the Government of India by way of promoting millets as a part of the Millet Mission. New hybrids launched in cotton and maize have contributed for increase the volumes and realisations, which has in turn resulted in higher EBIDTA margins during the year and the same trend would continue in the next two to three years. With an increasing number of new variants, we are confident of increasing our market share in Cotton. The good growth rates in Maize both in terms of volumes and revenues were seen during the current year and the trend should continue in the coming years on account of increasing demand for both animal feed and biofuel blending demand in the country”. Result PDF