KAVERI SEED Announces Quarterly Results (2QFY21); Net Profit Up 73.1%

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KAVERI SEED Announces Quarterly Results (2QFY21); Net Profit Up 73.1%
Thu, 11 Feb

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

KAVERI SEED Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m1,1777,1951,340-81.4%13.9%
Other incomeRs m28235105-55.5%272.7%
TurnoverRs m1,2057,4301,445-80.6%19.9%
ExpensesRs m9834,3251,174-72.9%19.4%
Gross profitRs m1932,869167-94.2%-13.8%
DepreciationRs m6255562.1%-10.2%
InterestRs m1128.8%77.8%
Profit before taxRs m1593,049214-93.0%34.9%
TaxRs m2384-20-123.7%-185.5%
Profit after taxRs m1352,964234-92.1%73.1%
Gross profit margin%16.439.912.4
Effective tax rate%14.82.8-9.4
Net profit margin%11.239.916.2
* 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 13.9% on a year-on-year (YoY) basis. The expenses were up by 19.4% YoY during the same period.
  • The company's operating profit declined by 13.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 2QFY21 as against 16.4% in 2QFY20.
  • Depreciation charges declined by 10.2% and finance costs increased by 77.8% YoY, respectively.
  • Other income increased by 272.7% YoY during the quarter.
  • Net profit for the quarter increased by 73.1% YoY. Net profit margins during the quarter increased from 11.2% in 2QFY20 to 16.2% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 81.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 72.9% QoQ during the same period.
  • The company's operating profit declined by 94.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.4% in 2QFY21 as against 39.9% in 1QFY20.
  • Net profit for the quarter declined by 92.1% QoQ, while net profit margins declined from 39.9% in 1QFY20 to 16.2% in 2QFY21.

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 472.1 to Rs 531.1, registering a Gain of Rs 59.0 or around 12.5%.

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 531.1, the price to earnings (P/E) ratio of KAVERI SEED stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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Related Views on News

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

Sep 14, 2020 | Updated on Sep 14, 2020

For the quarter ended June 2020, KAVERI SEED has posted a net profit of Rs 3 bn (up 28.7% YoY). Sales on the other hand came in at Rs 7 bn (up 14.6% YoY). Read on for a complete analysis of KAVERI SEED's quarterly results.

KAVERI SEED Announces Quarterly Results (1QFY20); Net Profit Up 9.3% (Quarterly Result Update)

Aug 14, 2019 | Updated on Aug 14, 2019

For the quarter ended June 2019, KAVERI SEED has posted a net profit of Rs 2 bn (up 9.3% YoY). Sales on the other hand came in at Rs 6 bn (up 7.9% YoY). Read on for a complete analysis of KAVERI SEED's quarterly results.

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