Kaveri Seed Company Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 23, 2023 at 04:39 am EDT
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Kaveri Seed Company Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 736.81 million compared to INR 665.84 million a year ago. Revenue was INR 816.57 million compared to INR 708.79 million a year ago. Net loss was INR 154.89 million compared to INR 117.7 million a year ago. Basic loss per share from continuing operations was INR 2.25 compared to INR 2.01 a year ago. Diluted loss per share from continuing operations was INR 2.25 compared to INR 2.01 a year ago.
For the full year, sales was INR 10,703.55 million compared to INR 9,699.82 million a year ago. Revenue was INR 11,252.62 million compared to INR 10,112.58 million a year ago. Net income was INR 2,717.26 million compared to INR 2,124.52 million a year ago. Basic earnings per share from continuing operations was INR 47.89 compared to INR 36.37 a year ago. Diluted earnings per share from continuing operations was INR 47.89 compared to INR 36.37 a year ago.
Kaveri Seed Company Limited is an India-based agricultural company. The Company specializes in hybrid seeds. The product portfolio of the Company consists of a range of high yielding seeds in field crops, such as maize, cotton, rice, pearl millet, mustard, wheat, sorghum, pulses, bajra, wheat, sunflower, and other vegetable crops, which includes tomatoes, okra, chilies, watermelon, gourds and brinjal. The Company sells its product under the brand name Kaveri. The Company owns seven modern seed processing and storage plants across various locations in India. The Company has approximately 100000 acres under seed production spread across different agro-climatic regions. The Company operates in the domestic market as well as in the exports market which includes Pakistan, Sri Lanka, Bangladesh and Vietnam. The Company's subsidiaries include Kaveri Microteck Private Ltd, Aditya Agri Tech Private Ltd, Genome Agritech Private Ltd and Genomix Agri Genetics Private Ltd.
KAVERI SEED COMPANY LIMITED 
