Kaveri Seed Company Ltd posts Q4 net loss of Rs 14.33 cr
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The company reported standalone net loss during the quarter stood at Rs 14.33 crore compared to net profit of Rs 9.35 crore in the previous year quarter.я Net revenue of the company rose moderately by 6.09 per cent at Rs 55.08 crore in January-March quarter of this fiscal as against Rs 51.92 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 5.98 per cent to Rs 67.48 crore from Rs 63.67 crore in year ago period. Other Income dipped by 85.31 per cent at Rs 4.63 crore versus (Mar'20 Rs 31.51 crore).
Operating Profit surged by 5.53 per cent to Rs -12.40 crore as against Rs -11.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.53 per cent in March quarter. Interest grew by 16.67 per cent y-o-y to Rs 0.14 crore, while Taxation decreased by 74.23 per cent at Rs 1.00 crore (Mar'20 Rs 3.88 crore).
