Kaveri Seed Co. Reports Strong Financial Performance in Q1 FY25, Record High Net Sales and Profitability.

Kaveri Seed Co., a leading agri-seed company in the midcap industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with a significant improvement in its overall score from 0 to 10 in the last three months.

One of the key highlights of the financial report is the increase in net sales, which reached a record high of Rs 803.23 crore in the last five quarters. This indicates a positive trend in the company’s sales in the near term. The operating profit (PBDIT) has also seen a significant growth, reaching its highest at Rs 295.25 crore in the last five quarters. This shows a positive trend in the company’s operating profit in the near term.

Moreover, the profit before tax (PBT) less other income has also shown a positive trend, reaching its highest at Rs 287.55 crore in the last five quarters. This indicates that the company has been able to manage its expenses effectively and improve its profitability. The profit after tax (PAT) has also seen a significant increase, reaching its highest at Rs 289.49 crore in the last five quarters. This shows a positive trend in the company’s overall profitability.

The earnings per share (EPS) have also shown a positive trend, reaching its highest at Rs 56.27 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders. Additionally, the debtors turnover ratio has reached its highest at 10.27 times in the last five half-yearly periods, indicating that the company has been able to settle its debtors faster.

Based on these financial results, MarketsMOJO has given a ‘Hold’ call for Kaveri Seed Co.’s stock. With a positive trend in its financial performance and efficient management of expenses, the company is expected to continue its growth in the near future.