Hot Pursuit     02-Feb-24
Kaveri seeds slumps as PAT drops 69% YoY in Q3
Kaveri seeds slipped 6.35% to Rs 670 after the company’s consolidated net profit tumbled 69.08% to Rs 11.78 crore in Q3 FY24 as against Rs 38.09 crore in Q3 FY23.
Revenue from operations declined marginally to Rs 142.63 crore during the quarter as against Rs 144 crore recorded in Q3 FY23.

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.

Previous News
  Kaveri Seed Company consolidated net profit rises 10.42% in the December 2020 quarter
 ( Results - Announcements 09-Feb-21   16:24 )
  Kaveri Seed Company to pay interim dividend
 ( Market Beat - Reports 02-Dec-20   18:35 )
  Kaveri Seed Company to convene AGM
 ( Corporate News - 14-Aug-21   12:46 )
  Board of Kaveri Seed Company recommends interim dividend
 ( Corporate News - 13-Nov-21   15:28 )
  Kaveri Seed Company consolidated net profit rises 9.59% in the June 2019 quarter
 ( Results - Announcements 14-Aug-19   11:06 )
  Kaveri Seed Company standalone net profit rises 4.05% in the June 2018 quarter
 ( Results - Announcements 09-Aug-18   16:14 )
  Kaveri Seed Company standalone net profit declines 42.90% in the September 2018 quarter
 ( Results - Announcements 16-Nov-18   16:55 )
  Volumes spurt at Thermax Ltd counter
 ( Hot Pursuit - 04-Oct-18   14:30 )
  Kaveri Seed Company to convene board meeting
 ( Corporate News - 14-Jan-23   10:51 )
  Kaveri Seed Company incorporates wholly owned subsidiary in Bangladesh
 ( Corporate News - 21-Feb-24   13:48 )
  Kaveri Seed Company to convene board meeting
 ( Corporate News - 17-May-22   13:56 )
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