Kaveri Seed Company Q1 Results Total Revenue Hits ₹803.23 Crores

Kaveri Seed Company Q1 Results: Kaveri Seed Company's Q1 results for June 2024 show a strong performance compared to last year (year-over-year, or YoY) and the previous quarter (quarter-on-quarter, or QoQ). The total revenue for the quarter was ₹803.23 crores, which is a significant increase both QoQ and YoY. Last year, in June 2023, the company earned ₹736.10 crores in revenue, showing a clear year-over-year growth.

Kaveri Seed Company's expenses, Selling, General, and Administrative (SG&A) costs increased slightly from ₹27.23 crores last year to ₹30.13 crores this year, indicating a small YoY rise. Depreciation and amortization also grew from ₹5.67 crores in June 2023 to ₹7.65 crores this year, another sign of higher year-over-year costs.

Kaveri Seed Company’s operating income reached ₹287.59 crores in June 2024, up from ₹272.17 crores in the same period last year (YoY). This improvement in operating income reflects strong business performance. The company's net income before taxes also increased YoY, from ₹283.81 crores to ₹296.68 crores.

Kaveri Seed Company's diluted normalized earnings per share (EPS) grew year-over-year from ₹49.10 in June 2023 to ₹56.99 in June 2024, demonstrating the company’s profitability over the past year.

Here is a summary of Kaveri Seed Company's Q1 results for June 2024 compared to the previous quarter and the same quarter last year. 

All figures are in crores except per share values:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Kaveri Seed Company Q1 Results

Kaveri Seed Company’s financial results for the quarter ended June 30, 2024, show a strong performance compared to the same period last year and the previous quarter. The company's revenue from operations increased to ₹80,808.31 lakhs, up from ₹76,729.50 lakhs in the June 2023 quarter. This is a positive sign that the company is doing well in terms of sales and business activity. However, revenue was much higher than the previous quarter (March 2024), where it was just ₹8,053.94 lakhs, possibly due to the seasonal nature of the seed industry.

Kaveri Seed Company’s total income, including other earnings like interest or dividends, stood at ₹81,789.85 lakhs, which is a big jump from the last quarter's ₹10,675.95 lakhs. The company's expenses, such as the cost of materials and employee benefits, were ₹53,234.55 lakhs for this quarter, meaning the company managed its costs efficiently. After covering all expenses, Kaveri Seed's profit before tax was ₹28,555.30 lakhs, showing the company's profitability improved significantly compared to the previous quarter and last year.

Kaveri Seed Company’s net profit after taxes was ₹28,290.78 lakhs, which is a substantial rise from the ₹278.60 lakhs in the last quarter. This growth reflects good management and operational efficiency. The earnings per share also increased to ₹55.00, showing more returns to shareholders. Despite some small losses in other comprehensive income, the overall financial health of Kaveri Seed for this quarter appears strong.

Here is a simplified explanation of the unaudited financial results for the quarter ended June 30, 2024:

Kaveri Seed Company Financial Metrics

Kaveri Seed Company is a business that deals with seeds, mainly for agriculture. The table shows various important financial details about the company. The market cap of ₹5,029 crore means the total value of all its shares. The current price of ₹978 indicates how much one share costs right now. The high/low values show the highest price (₹1,201) and the lowest price (₹570) of the shares over the past year. The P/E ratio of 16.0 shows how much investors are willing to pay for each unit of profit. The book value of ₹240 represents the company's net worth per share. 

Here is the information in table format:

Quarterly Results 

Kaveri Seed Company's quarterly results for December 2023, March 2024, and June 2024 show important financial changes. In December 2023, the company had sales of 143 crores and a net profit of 11 crores. However, in March 2024, sales dropped to 98 crores, and the company reported a net profit of zero, indicating some challenges during that period. 

Here are the quarterly results specifically for December 2023, March 2024, and June 2024:

(Rs. in Crores except the shares)

About Kaveri Seed Company

Kaveri Seed Company was established in 1976 by Mr. G V Bhaskar Rao to support India’s Green Revolution. It has become the largest agriculture company in India that focuses on hybrid seeds for important crops. Kaveri Seeds is known for its strong commitment to research and development, which has been recognized by the Department of Scientific and Industrial Research (DSIR) since 2001.

Kaveri Seed Company produces high-yield seeds that help farmers grow more food. With over 100,000 farmers working on 65,000 acres of land in 12 different climate zones, Kaveri Seeds offers a wide variety of seeds suited to various soil types and weather conditions. Their goal is to improve farm productivity and ensure food security for millions of people. By using new ideas and technology, Kaveri Seeds aims to drive growth for the company and create value for farmers and the community.