Kaveri Seed Company PAT up 28% in FY23
Kaveri Seed Company Ltd has reported 27.83 per cent growth in profit after tax (PAT) at Rs 267. 04 crore in FY 2022-23 as compared to Rs 208.90 crore in the previous fiscal.
Hyderabad: Kaveri Seed Company Ltd has reported 27.83 per cent growth in profit after tax (PAT) at Rs 267. 04 crore in FY 2022-23 as compared to Rs 208.90 crore in the previous fiscal. It has seen 9.35 per cent increase in the revenue from operations at Rs 1,000 crore in FY’23 over Rs 915 crore in the last financial year.
The company has witnessed 11.14 per cent rise in the revenue from operations at Rs 60.64 crore in January-March quarter (Q4) of FY’23 as compared to Rs 54.56 crore in the same quarter a year-ago period. Its net profit stood at Rs 13.89 crore during Q4 of FY’23.
Cotton volumes increased by 7 per cent and revenue increased by 2.87 per cent, while hybrid rice volumes increased by 12.33 per cent up to Q4FY23. Selection Rice volumes grew by 6.18 per cent up to Q4 FY23. As a part of rewarding shareholders, during the year, company had successfully completed the buyback of 23,99,831 shares of Rs 2 each for an aggregate amount of Rs 125.37 crore.
