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HomeAsian NewsKaveri Seed Q3 PAT up at ₹37.5 crore

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Kaveri Seed Q3 PAT up at ₹37.5 crore

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Kaveri Seed has posted a web revenue of ₹37.50 crore within the third quarter ended December 31, 2023, as in opposition to ₹9 crore in the identical quarter within the comparable quarter final yr.

The corporate registered a income of ₹123.50 crore as in opposition to ₹102 crore within the comparable quarter final yr.

“We have now witnessed increased space protection throughout the quarter in two of the massive segments (rice and wheat), leading to good income development,” G V Bhaskar Rao, Chairman and Managing Director of Kaveri Seed Firm, stated in an announcement right here.

“Additionally, there was good income development registered in cotton, hybrid rice, maize and vegetable seed segments.

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Each other main achievement throughout the quarter and throughout the nine-month interval is that the corporate was capable of convert quantity development into income development throughout the segments,” he stated.

Through the quarter, the corporate had accomplished the buyback of 23.99 lakh shares of ₹2 every, aggregating to ₹125.37 crore.

7News7

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