Kaveri Seed Co. Reports Negative Financial Performance in Q3 2024

Kaveri Seed Co., a smallcap company in the agri-seeds industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Kaveri Seed Co. has seen a negative performance in the quarter, with a score of -6 compared to 10 in the previous quarter. However, there are some positive aspects to the company's financials. The company has shown a consistent growth in its operating cash flow, with the highest amount of Rs 389.42 crore in the last three years.

On the other hand, there are some areas of concern for Kaveri Seed Co. The profit before tax (PBT) has fallen by -285.82% year on year, and the profit after tax (PAT) has also seen a decline of -104.9% year on year. The net sales have also fallen by -19.78% year on year. Additionally, the company's non-operating income is high, which may not be a sustainable business model. The earnings per share (EPS) have also decreased, creating lower earnings for shareholders. The company's short-term liquidity is also deteriorating, with the lowest amount of cash and cash equivalents in the last six half-yearly periods.

Overall, Kaveri Seed Co. has shown a negative financial performance in the quarter ending September 2024. Investors are advised to hold their stock and closely monitor the company's financials in the upcoming quarters.