Kaveri Seed Q2 net profit seen down 58% to Rs 14.2 cr

Analysts expect cotton seed sales volume to decline by 60 percent year-on-year in Q2FY16. Non-cotton revenue growth may remain muted at 5 percent for the quarter.

November 13, 2015 / 15:35 IST

26 Aug, 2025 12:21

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Kaveri Seed Company's net profit is seen falling 57.6 percent year-on-year to Rs 14.2 crore and revenue is likely to decline 33.5 percent to Rs 135 crore, according to analysts polled by CNBC-TV18.

Operating profit during the quarter may slip 54 percent to Rs 15.3 crore and margin may contract 500 basis points to 11.3 percent compared to year-ago period, impacted by royalty issues.

High base in year-ago period and fall in cotton BT realisations may lead to significant decline in revenue.

Analysts expect cotton seed sales volume to decline by 60 percent year-on-year in Q2FY16. Non-cotton revenue growth may remain muted at 5 percent for the quarter.

first published: Nov 13, 2015 10:35 am

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