Q4 2024 Kaveri Seed Company Ltd Earnings Call Transcript
Key Points
- Revenue from operations increased by 32.82% in Q4 FY24 compared to Q4 FY23.
- EBITDA grew 3.32 times in Q4 FY24 compared to the previous quarter.
- Net profit turned positive at INR2.79 crore in Q4 FY24 from a loss of INR13.89 crores in Q4 FY23.
- Vegetable seed sales volume increased by 19.79% and revenue increased by 23.69% year-on-year.
- Exports increased by 250% compared to last year, showing significant international market traction.
- Cash on the books decreased to INR443 crores in FY24 from INR538 crores in FY23.
- Cotton seed production faced significant challenges, leading to a slight de-growth in volumes.
- Production costs for cotton have increased significantly, impacting EBITDA margins.
- There is a shortage of cotton seeds across the industry, affecting overall supply.
- Advances from customers have decreased, indicating potential changes in customer prepayments.
Ladies and gentlemen, good day, and welcome to Kaveri Seed Company's Q4 and FY24 earnings conference call. (Operator instructions) Please note that this conference call will be recorded. Joining us today on this call is 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 now like to hand the conference over to Mr. Mithun Chand. Over to you, sir.
Thank you. Good evening, and welcome, everyone, to our quarter four and FY24 earnings conference call. We hope you had a chance to review the presentation of our results, which is also available on the website. I will touch upon the operational and financial performance of the company and then open the floor for the question-and-answer session.
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