Kaveri Seed Company Limited announced its Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 (Q2FY27 and H1FY27).
Q2FY27 Standalone Financial Performance
- Revenue from Operations stood at ₹125.44 crore, a growth of 29.84% Year-on-Year (YoY) compared to ₹96.61 crore in Q2FY26.
- EBITDA was ₹5.42 crore, a significant improvement from a loss of ₹(6.47) crore in Q2FY26, representing a growth of 1.84 times.
- Net Loss narrowed to ₹(3.21) crore from a Net Loss of ₹(15.05) crore in Q2FY26.
H1FY27 Standalone Financial Performance
- Revenue from Operations was ₹940.44 crore, compared to ₹1,041.91 crore in H1FY26.
- EBITDA was ₹286.68 crore, compared to ₹315.88 crore in H1FY26.
- Profit After Tax (PAT) was ₹268.09 crore, compared to ₹301.45 crore in H1FY26.
- Cash on books was reported at ₹178 crore.
Operational and Business Highlights
- The Company declared an interim dividend of ₹5 per share, which is 250% of the face value of ₹2 per share.
- The Board approved the incorporation of eight wholly-owned subsidiaries in Tanzania, Kenya, Vietnam, Thailand, the Philippines, Indonesia, Zambia, and Peru. The purpose is to obtain product registrations for key hybrid seed and vegetable seed crops and to facilitate research, marketing, and distribution to strengthen exports.
- Operational performance was impacted by El Nino, which caused a rainfall deficit and led to lower interest in premium products and a nearly 30% drop in sowing acreage for maize in Karnataka.
- In the Cotton segment, the Company established a strong foundation in northern (Haryana, Punjab, Rajasthan), central, and southern markets. Despite challenges from illegal cotton and reduced acreage, volumes were maintained year-on-year. The contribution of new cotton products increased significantly from 21.4% to 37.7% of the portfolio.
- Maize volumes were down 36% due to reduced acreage. Despite this, new single cross hybrids contributed 21.8% of the maize portfolio.
- The Export business grew 2.63 times to ₹33.07 crore in H1FY27 from ₹12.56 crore in H1FY26.
- The Company maintained its EBITDA margin at 30.48% of net revenue in H1FY27, compared to 30.32% in H1FY26.
- In Q2FY27, Cotton revenues grew 41.7% YoY, Hybrid paddy registered significant growth driven by exports, and Research paddy grew approximately 22% YoY.
- The Company's Quality Control (QC) facility holds ISTA (International Seed Testing Association) accreditation and ISO NABL accreditation.
Management Commentary
Mr. Mithun Chand, Executive Director, commented that the first half was shaped by El Nino and a delayed monsoon, which affected sowing and demand for premium products. He noted that Q2 performance was better, with revenue growth and a return to positive EBITDA. He highlighted the growth in exports and the strategic importance of the new international subsidiaries for product registration and market presence.