Q3 2026 Kaveri Seed Company Ltd Earnings Call Transcript
Key Points
- Revenue from operations grew by 16.94% to INR1,221.56 crore compared to the previous year.
- EBITDA increased by 10.35% to INR358.39 crore, indicating improved operational efficiency.
- Exports witnessed a steep growth of 86% in revenue during the current quarter.
- Research paddy volumes grew by 51%, showcasing strong performance in this segment.
- The company is expanding its plant capacities and increasing R&D investments, which is expected to boost future growth.
- Gross margins fell by 4% compared to the previous year due to higher production costs.
- Cash reserves decreased from INR409 crore to INR309 crore, partly due to increased inventory levels.
- The company faces challenges from increased illegal cotton sales, impacting cotton seed volumes.
- There is a pending income tax demand of INR56 crore and INR70 crore, with no provisions made yet.
- High production costs in maize and rice could not be fully passed on to farmers, affecting profitability.
Ladies and gentlemen, good day, and welcome to Kaveri Seed Company's Q3 and 9 Months FY26 earnings conference call. (Operator Instructions) Please note, joining us today on this call, Mr. Mithun Chand, Executive Director. Before we begin, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For a list of such considerations, please refer to the earnings presentation.
I would like to hand the conference over to Mr. Mithun Chand. Thank you, and over to you, sir.
Thank you. Good evening, and welcome, everyone, to our quarter three 9 months financial year '26 earnings conference call. We hope you have had a chance to review the presentation of our results, which is also available on our website. I would touch upon the operational and financial performance of the company and then open the floor for the question-and-answer session. Highlights.
Revenue from operations has registered a
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