Kaveri Seed Company Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Kaveri Seed Company Ltd reported a 23.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 19.1%.
- Its expenses for the quarter were up by 14.6% QoQ and 19.8% YoY.
- The net profit decreased 1731.9% QoQ and increased 34.1% YoY.
- The earnings per share (EPS) of Kaveri Seed Company Ltd stood at 3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 185.41 | 150.56 | 155.68 | 23.1% | 19.1% |
Total Expenses | 168.69 | 147.14 | 140.86 | 14.6% | 19.8% |
Profit Before Tax | 16.72 | 3.42 | 14.82 | 388.9% | 12.8% |
Tax | 1.87 | 4.32 | 3.75 | -56.7% | -50.1% |
Profit After Tax | 14.85 | -0.91 | 11.07 | -1731.9% | 34.1% |
Earnings Per Share | 3.00 | -0.30 | 2.50 | -1100.0% | 20.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kaveri Seed Company Ltd is a prominent player in the agricultural industry, specializing in the development, production, and marketing of hybrid seeds. The company offers a wide range of seed products, which include field crops like corn, cotton, and rice, as well as vegetable crops. Kaveri Seed Company has established a strong presence in the Indian market and is known for its research and development capabilities, which are critical for enhancing crop yields and supporting sustainable agricultural practices. As of the most recent updates, there are no specific major developments or changes in their operational strategy available for mention.
Revenue
In Q3FY25, Kaveri Seed Company Ltd reported a total income of ₹185.41 crores, showing a considerable increase from both the previous quarter and the same quarter last year. Specifically, the total income grew by 23.1% quarter-over-quarter (QoQ) from ₹150.56 crores in Q2FY25 and by 19.1% year-over-year (YoY) from ₹155.68 crores in Q3FY24. This substantial growth highlights a positive trajectory in the company's revenue generation. The consistent increase in revenue over these periods can be indicative of the company's successful sales strategies or increased demand for its products.
Profitability
The profitability of Kaveri Seed Company Ltd in Q3FY25 saw significant improvements compared to previous quarters. The company's profit before tax (PBT) reached ₹16.72 crores, marking an increase of 388.9% QoQ from ₹3.42 crores in Q2FY25 and a 12.8% increase YoY from ₹14.82 crores in Q3FY24. Notably, the profit after tax (PAT) improved to ₹14.85 crores from a loss of ₹0.91 crores in the previous quarter, highlighting a strong recovery. Year-over-year, the PAT increased by 34.1% from ₹11.07 crores. The earnings per share (EPS) also improved to ₹3.00 in Q3FY25 from a negative value in the previous quarter and increased by 20.0% from ₹2.50 in Q3FY24.
Operating Metrics
The company managed its expenses effectively, with total expenses in Q3FY25 amounting to ₹168.69 crores, which is a 14.6% increase from ₹147.14 crores in Q2FY25 and a 19.8% rise from ₹140.86 crores in Q3FY24. The tax expenses decreased significantly by 56.7% QoQ to ₹1.87 crores from ₹4.32 crores in Q2FY25, and by 50.1% YoY from ₹3.75 crores in Q3FY24. This reduction in tax expenses contributed positively to the net profitability of the company. Overall, the company's operational metrics reflect a period of robust financial performance with effective cost management and tax expenditure control.
