KAVERI SEED Announces Quarterly Results (3QFY19); Net Profit Down 32.9%

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KAVERI SEED Announces Quarterly Results (3QFY19); Net Profit Down 32.9%
Mon, 18 Feb

KAVERI SEED has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

KAVERI SEED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m706752672-10.7%-4.9%
Other incomeRs m16131106-18.9%553.5%
TurnoverRs m723883778-11.9%7.6%
ExpensesRs m609673671-0.4%10.1%
Gross profitRs m97791-98.5%-98.8%
DepreciationRs m57475311.9%-8.5%
InterestRs m001152.4%15.2%
Profit before taxRs m5616254-66.7%-2.8%
TaxRs m14318-58.9%1293.7%
Profit after taxRs m5411936-69.4%-32.9%
Gross profit margin%13.810.50.2
Effective tax rate%2.326.432.5
Net profit margin%7.513.54.7
* 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 fell 4.9% on a year-on-year (YoY) basis. The expenses were up by 10.1% YoY during the same period.
  • The company's operating profit declined by 98.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.2% in 3QFY19 as against 13.8% in 3QFY18.
  • Depreciation charges declined by 8.5% and finance costs increased by 15.2% YoY, respectively.
  • Other income increased by 553.5% YoY during the quarter.
  • Net profit for the quarter declined by 32.9% YoY. Net profit margins during the quarter declined from 7.5% in 3QFY18 to 4.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.4% QoQ during the same period.
  • The company's operating profit declined by 98.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.2% in 3QFY19 as against 10.5% in 2QFY18.
  • Net profit for the quarter declined by 69.4% QoQ, while net profit margins declined from 13.5% in 2QFY18 to 4.7% in 3QFY19.

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

KAVERI SEED Share Price Performance

Over the last one year, KAVERI SEED share price has moved up from Rs 459.3 to Rs 469.6, registering a Gain of Rs 10.4 or around 2.3%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 469.6, the price to earnings (P/E) ratio of KAVERI SEED stands at 15.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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