KAVERI SEED Announces Quarterly Results (4QFY19); Net Profit Up 37.7%

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KAVERI SEED Announces Quarterly Results (4QFY19); Net Profit Up 37.7%
Tue, 28 May

KAVERI SEED has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

KAVERI SEED Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m416672447-33.4%7.5%
Other incomeRs m1410624-77.6%71.7%
TurnoverRs m430778471-39.5%9.6%
ExpensesRs m549671507-24.5%-7.8%
Gross profitRs m-1331-59-5044.2%
DepreciationRs m52535911.5%11.9%
InterestRs m010-37.7%-29.8%
Profit before taxRs m-17354-95-275.0%
TaxRs m11182012.7%75.8%
Profit after taxRs m-18436-114-413.5%
Gross profit margin%-32.10.2-13.3
Effective tax rate%-6.532.5-20.9
Net profit margin%-42.74.7-24.3
* 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 7.5% on a year-on-year (YoY) basis. The expenses were down by 7.8% YoY during the same period.
  • The company's operating profit declined by 55.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 4QFY19 as against 32.1% in 4QFY18.
  • Depreciation charges increased by 11.9% and finance costs declined by 29.8% YoY, respectively.
  • Other income increased by 71.7% YoY during the quarter.
  • Net profit for the quarter increased by 37.7% YoY. Net profit margins during the quarter increased from -42.7% in 4QFY18 to -24.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.5% QoQ during the same period.
  • The company's operating profit declined by 5044.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 4QFY19 as against 0.2% in 3QFY18.
  • Net profit for the quarter declined by 413.5% QoQ, while net profit margins declined from 4.6% in 3QFY18 to -24.3% in 4QFY19.

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 522.7 to Rs 511.5, registering a Loss of Rs 11.2 or around 2.1%.

Overall, the S&P BSE SENSEX is up 12.8% over the year.

Current Valuations

At the current price of Rs 511.5, the price to earnings (P/E) ratio of KAVERI SEED stands at 16.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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