Conference Call with Kaveri Seed Company Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Kaveri Seed Company announced Q3FY23 results: Standalone Q3FY23: Revenue from operations was at Rs 123.49 crore as compared to Rs 102.08 crore in Q3FY23; registered a growth of 20.97% EBITDA was at Rs 43.95 crore as compared to Rs 16.32 crore in Q3FY23; increased by 160.31% Net profit was at Rs 37.54 crore as compared to Rs 9.08 crore in Q3FY23; registered a growth of 313.24% Commenting on the results, Mr. G V Bhaskar Rao, Chairman & Managing Director said, “We are delighted to declare good results for both Q3 and 9MFY23. We have witnessed higher area coverage during the quarter in two of the large segments rice and wheat which had resulted in good revenue growth. Besides there has been good revenue growth registered in cotton, hybrid rice, maize and vegetable seed segments. One another major achievement during the quarter and nine months' results is we were able to convert volume growth into revenue growth across the segments. As a part of rewarding our shareholders, during the quarter the company had successfully completed the buyback of 23,99,831 shares of Rs 2 each for an aggregate amount of Rs 125.37 crore.” Result PDF
Agriculture product firm Kaveri Seed announced Q2FY23 results: H1FY23 - Standalone: Revenue from Operations was at Rs 816.44 crore as compared to Rs 758.35 crore in H1FY22; registering a growth of 7.66% EBITDA was at Rs 259.77 crore as compared to Rs 229.18 crore in H1FY22: which increased by 13.33% Net Profit was at Rs 243.39 crore as compared to Rs 212.91 crore in H1FY22: a growth of 14.37% Announced a buyback of up to Rs 125.6 crore at a maximum repurchase price of Rs 700 per share. This is the 5th consecutive buyback by the company in the last 5 years Commenting on the results, Mr, G V Bhaskar Rao, Chairman & Managing Director said, " We are delighted to declare growth of 12.36% in non cotton segment during the half year on account of Sood revenue growth from selection rice, maize and vegetables". Result PDF