Profit before tax dropped 62.81% YoY to Rs 14.82 crore in the quarter ended 31 December 2023.
Total expenses rose 3.50% to Rs 140.86 crore in Q3 FY24 over Q3 FY23.Cost of materials consumed stood at 169.92 crore (up 42.36% YoY) while employee benefit expenses was at Rs 34.97 crore (up 27.79% YoY).
Kaveri Seed Company is into research, production, processing and marketing of various high quality hybrid seeds.
