Kaveri Seed Company Limited has announced its financial results for the second quarter and first half of FY27. The company reported a significant 29.84% increase in revenue from operations to ₹125.44 crore for Q2 FY27 compared to ₹96.61 crore in Q2 FY26. The net loss for the quarter narrowed considerably to ₹3.21 crore from ₹15.05 crore in the prior year’s comparable period.
Kaveri Seed Reports Strong Q2 FY27 Performance
Kaveri Seed Company Limited has released its financial results for the second quarter (Q2) and the first half (H1) of the Financial Year 2027 (FY27). The company demonstrated robust revenue growth and a significant reduction in net losses, signaling a positive operational trend.
Q2 FY27 Highlights
In the second quarter of FY27, Kaveri Seed Company’s total revenue from operations reached ₹125.44 crore, marking a substantial increase of 29.84% compared to ₹96.61 crore reported in Q2 FY26. This growth was observed even in a seasonally lean quarter. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹5.42 crore, a notable improvement from a negative ₹6.47 crore in Q2 FY26. Consequently, the net loss for the quarter narrowed significantly to ₹3.21 crore, down from a loss of ₹15.05 crore in the corresponding quarter of the previous fiscal year.
H1 FY27 Performance Overview
For the first half of FY27, the total revenue from operations was ₹940.44 crore, showing a decrease of 9.7% from ₹1,041.91 crore in H1 FY26. However, the EBITDA margin remained strong, holding at 30.48% compared to 30.32% in H1 FY26. The PAT (Profit After Tax) for H1 FY27 was ₹268.09 crore, a decrease from ₹301.45 crore in H1 FY26. The company also declared an interim dividend of ₹5 per share, representing a 250% payout on a face value of ₹2.
Key Business Segments and Developments
The company’s investor update highlighted key achievements. In Q2 FY27, hybrid rice revenue saw significant growth, rising to ₹17.33 crore from ₹2.37 crore, driven by export business. Cotton growth was substantial at 41.7% year-on-year. For H1 FY27, exports increased significantly, with revenue rising 2.63 times to ₹33.07 crore from ₹12.56 crore in H1 FY26. Maize was noted as the largest drag for H1 FY27, down 36.3% due to lower acreage in Karnataka.
Kaveri Seed Company also highlighted its expanding global footprint with wholly owned subsidiaries in eight countries: Tanzania, Kenya, Vietnam, Thailand, Philippines, Indonesia, Zambia, and Peru. The company also emphasized its commitment to quality with ISTA accreditation for its QC facility and ISO NABL accreditation.
Source: BSE
