Kaveri Seed Company Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
May 29, 2021 at 04:55 am EDT
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Kaveri Seed Company Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 684.844 million compared to INR 940.984 million a year ago. Net loss was INR 173.68 million compared to net income of INR 75.735 million a year ago. Basic loss per share from continuing operations was INR 2.92 compared to basic earnings per share from continuing operations of INR 1.99 a year ago. For the full year, total revenue was INR 10,820.523 million compared to INR 9,759.357 million a year ago. Net income was INR 3,104.952 million compared to INR 2,590.374 million a year ago. Basic earnings per share from continuing operations was INR 52.23 compared to INR 41.82 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 
