Kaveri Seed Company (KSCL) Q4 18/19 earnings summary

Executive summary

• FY19 standalone revenue was ₹768.99 crore, down 0.44% YoY; EBITDA rose 2.78% to ₹248.43 crore and PAT rose 2.09% to ₹214.73 crore.

• Performance held up amid weak farm income and erratic monsoon conditions; new launches and operational efficiency supported results.

• Strategy centered on expanding beyond cotton into a broader multi-crop portfolio, scaling R&D and developing export markets.

Financial highlights

• Standalone total income was ₹811.86 crore versus ₹796.10 crore; PAT was ₹214.73 crore versus ₹210.34 crore.

• Consolidated revenue from operations was ₹809.42 crore versus ₹819.37 crore; PAT after non-controlling interests was ₹217.45 crore versus ₹211.24 crore.

• Consolidated EPS was ₹33.72 versus ₹31.49; standalone EPS was ₹33.30 versus ₹31.36.

• Standalone operating cash flow was ₹131.60 crore; cash and cash equivalents closed at ₹3.22 crore versus ₹8.60 crore.

Outlook and guidance

• Planned continued R&D investment, new hybrid launches, wider crop and geographic coverage, stronger quality assurance and supply-chain capabilities.

• Targeted stronger presence in Punjab, Rajasthan and Uttar Pradesh, with continued export expansion across focused markets.

• Management expected non-cotton seed portfolio revenue to grow over a three-year timeframe; no quantified overall earnings guidance was stated.