*Kaveri Seed Company Ltd.* | *CMP* Rs. 527 | *M Cap* Rs. 3179 Cr | *52 W H/L* 816/478
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 147.6 Cr (-76.6% QoQ, 10.1% YoY) vs expectation of Rs. 152.6 Cr, QoQ Rs. 629.8 Cr, YoY Rs. 134 Cr
EBIDTA came at Rs. 6.4 Cr (-96.8% QoQ, -61.5% YoY) vs expectation of Rs. 24.9 Cr, QoQ Rs. 199.6 Cr, YoY Rs. 16.7 Cr
EBITDA Margin came at 4.3% vs expectation of 16.3%, QoQ 31.7%, YoY 12.4%
Adj. PAT came at Rs. 12.8 Cr vs expectation of Rs. 27.1 Cr, QoQ Rs. 203.7 Cr, YoY Rs. 23.5 Cr
Quarter EPS is Rs. 2.1
Share is trading at P/E of 8.9x FY23E EPS