KAVERI SEED Announces Quarterly Results (1QFY21); Net Profit Up 28.7%

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KAVERI SEED Announces Quarterly Results (1QFY21); Net Profit Up 28.7%
Mon, 14 Sep

KAVERI SEED has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

KAVERI SEED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m6,2766317,1951039.9%14.6%
Other incomeRs m41310235-24.1%468.0%
TurnoverRs m6,3179417,430689.6%17.6%
ExpensesRs m3,9157584,325470.7%10.5%
Gross profitRs m2,361-1272,86921.5%
DepreciationRs m626755-18.8%-12.6%
InterestRs m121-16.9%65.2%
Profit before taxRs m2,3391143,0492571.1%30.3%
TaxRs m363884122.0%131.4%
Profit after taxRs m2,302762,9643794.6%28.7%
Gross profit margin%37.6-20.139.9
Effective tax rate%1.633.32.8
Net profit margin%36.48.139.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 14.6% on a year-on-year (YoY) basis. The expenses were up by 10.5% YoY during the same period.
  • The company's operating profit increased by 21.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.9% in 1QFY21 as against 37.6% in 1QFY20.
  • Depreciation charges declined by 12.6% and finance costs increased by 65.2% YoY, respectively.
  • Other income increased by 468.0% YoY during the quarter.
  • Net profit for the quarter increased by 28.7% YoY. Net profit margins during the quarter increased from 36.4% in 1QFY20 to 39.9% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1039.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 470.7% QoQ during the same period.
  • The company's operating profit declined by 2365.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.9% in 1QFY21 as against 20.1% in 4QFY20.
  • Net profit for the quarter increased by 3794.6% QoQ, while net profit margins increased from 8.1% in 4QFY20 to 39.9% in 1QFY21.

To see how KAVERI SEED has performed over the last eight quarters,please visit here.

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KAVERI SEED Share Price Performance

Over the last one year,KAVERI SEED share price has moved up from Rs 514.1 to Rs 539.3, registering a Gain of Rs 25.2 or around 4.9%.

Overall, the S&P BSE SENSEX is up 5.0% over the year.

Current Valuations

At the current price of Rs 539.3, the price to earnings (P/E) ratio of KAVERI SEED stands at 11.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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