Kaveri Seed Company is likely to report net profit at Rs 1.7 crore in January-March quarter from Rs 1.25 crore in year-ago period. According to a CNBC-Tv18 poll, the company's revenue may slip 14.5 percent at Rs 34 crore in Q4FY16 against Rs 39.9 crore.
During the period, EBITDA is seen down 49 percent at Rs 4.3 crore against Rs 8.4 crore while EBITDA margin is likely to be at 12.6 percent versus 21.1 percent.
Seasonally fourth quarter fetches low revenues. The company earns over 90 percent of its revenues in first three quarters of fiscal. Further weakness is expected due to subdued environment due to weak monsoons.
Factors to watch#Impact of weak monsoons on final quarter and full yearoutlook on FY17#Updates from management on regulatory price control and royalties#Write-offs owing current agricultural environment to bear down on revenues#Non-cotton revenue growth expected to remain muted #Margins to be significantly lower owing to negative operating leverage#Working capital environment
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