Kaveri Seed Company Ltd

Kaveri Seed Company Limited's Q2 and H1 FY2027 investor presentation highlights mixed performance. In H1 FY27, the company reported total revenue of ₹940.44 crore, a 9.7% decline from ₹1,041.91 crore in H1 FY26. EBITDA was ₹286.68 crore, down from ₹315.88 crore, while PAT was ₹268.09 crore, a decrease from ₹301.45 crore. The EBITDA margin remained stable at 30.48% compared to 30.32% in the prior year. In Q2 FY27, revenue grew by 29.84% YoY to ₹125.44 crore, with EBITDA rising to ₹5.42 crore from a loss of ₹6.47 crore. The net loss narrowed to ₹3.21 crore from ₹15.05 crore. Cotton revenue increased by 41.7% YoY to ₹8.61 crore, while non-cotton revenue grew by 29.0% to ₹116.82 crore. Hybrid rice revenue surged to ₹17.33 crore from ₹2.37 crore, driven by exports. However, maize revenue declined by 7.4% and vegetable revenue dropped by 17.6%. The company also reported a 250% interim dividend of ₹5 per share. The presentation noted challenges such as El Niño impacting rainfall and lower sowing acreage in key crops like maize and cotton. Export business grew significantly, increasing from ₹12.56 crore to ₹33.07 crore. The company emphasized its global expansion with wholly owned subsidiaries in eight countries and quality certifications for its QC facility. Forward-looking statements are included, noting risks and uncertainties that could affect future performance.

The presentation reports both growth in certain segments and declines in others, with stable margins but overall revenue down for the half-year.