Kaveri Seed Company posts Q4 net loss of Rs 13.09 cr
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The company reported standalone net loss during the quarter stood at Rs 13.09 crore as compared to net loss of Rs 14.33 crore in the previous year quarter. Net revenue of the company declined by 0.94 per cent at Rs 54.56 crore in January-March quarter of this fiscal as against Rs 55.08 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 1.39 per cent to Rs 66.54 crore from Rs 67.48 crore in year ago period. Other Income grew by 5.62 per cent at Rs 4.89 crore versus (Mar'21 Rs 4.63 crore).
Operating Profit slipped by 3.31 per cent to Rs -11.99 crore as against Rs -12.40 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.40 per cent in March quarter. Interest declined by 85.71 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 45.00 per cent at Rs 0.55 crore (Mar'21 Rs 1.00 crore).
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