Kaveri Seed Company Limited announced its financial results for the second quarter (Q2) and first half (H1) of FY 2026-27. The company reported a significant 29.84% increase in revenue from operations for Q2 FY27, reaching ₹125.44 crore compared to ₹96.61 crore in Q2 FY26. EBITDA also saw a substantial improvement, moving from a loss of ₹6.47 crore to a profit of ₹5.42 crore. The net loss narrowed to ₹3.21 crore from ₹15.05 crore in the same period.
Kaveri Seed Reports Strong Q2 FY27 Performance
Kaveri Seed Company Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2026-27. The company demonstrated robust growth, particularly in the second quarter, with revenue from operations increasing by 29.84% to ₹125.44 crore, up from ₹96.61 crore in the corresponding quarter of the previous year (Q2 FY26). This marks a significant turnaround, with EBITDA shifting from a loss of ₹6.47 crore to a profit of ₹5.42 crore. The net loss also considerably narrowed to ₹3.21 crore, a substantial improvement from the ₹15.05 crore loss recorded in Q2 FY26.
First Half Performance Highlights
For the first half of FY27, revenue from operations stood at ₹940.44 crore, compared to ₹1,041 crore in the first half of FY26. Despite the overall revenue comparison, EBITDA for H1 FY27 was ₹286.68 crore, a decrease from ₹315.88 crore in H1 FY26, though the EBITDA margin improved to 30.48% from 13.32%. Net profit for the first half was ₹268.09 crore, down from ₹301.45 crore in the prior year. Cash reserves were reported at ₹178 crore.
Segmental and Operational Updates
On a segmental basis for H1 FY27, non-cotton revenue was ₹718 crore, showing a decline of 12.12%, while cotton revenue was ₹224 crore, a marginal decline of 1.3%. The company highlighted that the first half was challenging due to weather patterns affecting sowing. However, the recovery in Q2, driven by new products and export growth, provided confidence. Kaveri Seed is also expanding its international presence with the incorporation of wholly-owned subsidiaries in several countries.
Product Portfolio and Future Outlook
Operational highlights include a strong contribution from new cotton products, which rose to 37.7% from 21.4%. New single-cross hybrids also contributed significantly to the maize portfolio. The export business saw a growth of 2.63 times. The company is focused on continuing its development of new variants across maize, vegetables, rice, and cotton, alongside strengthening its international market presence through its new subsidiaries. An intermediate dividend of ₹5 per share was declared.
Source: BSE
