Financial Performance - Q2 FY27 (Standalone)

  • Revenue from Operations: ₹125.44 crore (vs ₹96.61 crore in Q2 FY26), growth of 29.84% YoY
  • Other Income: ₹5.39 crore (vs ₹6.63 crore in Q2 FY26)
  • EBITDA: ₹5.42 crore (vs negative ₹6.47 crore in Q2 FY26)
  • EBITDA Margin: 4.32% (vs negative 6.70% in Q2 FY26)
  • PAT: Negative ₹3.21 crore (vs negative ₹15.05 crore in Q2 FY26)
  • EPS: Negative ₹0.62 (vs negative ₹2.93 in Q2 FY26)

Financial Performance - H1 FY27 (Standalone)

  • Revenue from Operations: ₹940.44 crore (vs ₹1,041.91 crore in H1 FY26)
  • Other Income: ₹9.68 crore (vs ₹17.13 crore in H1 FY26)
  • EBITDA: ₹286.68 crore (vs ₹315.88 crore in H1 FY26)
  • EBITDA Margin: 30.48% (vs 30.32% in H1 FY26)
  • PAT: ₹268.09 crore (vs ₹301.45 crore in H1 FY26)
  • EPS: ₹52.12 (vs ₹58.60 in H1 FY26)

Operational Highlights - H1 FY27

  • El Nino impacted the season with rainfall deficit affecting premium product demand
  • Cotton volumes maintained at previous year levels despite illegal cotton and lower acreage
  • New cotton products contribution increased from 21.4% to 37.7%
  • Maize volumes down 36% due to nearly 30% drop in sowing acreage in Karnataka
  • New single-cross maize hybrids contributed 21.8%+ of maize portfolio
  • Export business increased significantly from ₹12.56 crore to ₹33.07 crore

Q2 FY27 Revenue Breakdown

  • Cotton: ₹8.61 crore (41.7% growth vs ₹6.08 crore in Q2 FY26)
  • Hybrid rice: ₹17.33 crore (significant growth from ₹2.37 crore, driven by exports)
  • Selection rice: 22.2% growth
  • Maize: down 7.4%
  • Vegetables: down 17.6%

H1 FY27 Revenue Breakdown

  • Maize: down 36.3% due to lower acreage in Karnataka
  • Selection rice: grew 2.0% YoY
  • Exports: rose 2.63 times to ₹33.07 crore from ₹12.56 crore in H1 FY26

Corporate Actions

  • Interim dividend of ₹5 per share (250% on face value of ₹2 per equity share) declared by Board

Global Expansion

  • Established wholly owned subsidiaries in 8 countries: Tanzania, Kenya, Vietnam, Thailand, Philippines, Indonesia, Zambia, and Peru

Quality Certifications

  • ISTA (International Seed Testing Association) accreditation for QC facility
  • ISO NABL accreditation

Crop Market Context

  • Sunflower acreage: ▲ 92.54% YoY (1.29 lakh hectares, driven by Karnataka)
  • Rice acreage: ▼ 3.82% YoY
  • Bajra acreage: 64.88 lakh hectares (increase in Rajasthan, Haryana, Uttar Pradesh)
  • Cotton acreage: 109.34 lakh hectares (decrease in Rajasthan, Haryana, Karnataka, Andhra Pradesh, Punjab)

Forward-Looking Statements

Company notes statements are subject to risks including government actions, political/economic developments, technological risks, and other factors that may cause actual results to differ materially.