Kaveri Seed Company Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 09, 2021 at 03:59 am EST
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Kaveri Seed Company Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 1,260.963 million compared to INR 1,296.539 million a year ago. Net income was INR 91.12 million compared to INR 82.546 million a year ago. Basic earnings per share from continuing operations was INR 1.53 compared to INR 1.3 a year ago. For the nine months, total revenue was INR 10,135.679 million compared to INR 8,818.373 million a year ago. Net income was INR 3,278.632 million compared to INR 2,514.639 million a year ago. Basic earnings per share from continuing operations was INR 55.15 compared to INR 39.83 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.