Kaveri Seed Q3 FY26 Revenue Up 16% to ₹179.65 Cr, PAT Drops 50%
Kaveri Seed Company reported Q3 FY26 consolidated revenue up 20.78% to ₹210.21 Cr, with PAT down 14.60% to ₹12.68 Cr. Standalone revenue rose 16.08% to ₹179.65 Cr, while PAT dropped 50.44% to ₹7.46 Cr. Exports grew 86%. Outlook is positive for spring maize, millet, and mustard.
The revenue growth is positive, but the substantial decrease in PAT and the mention of challenges like illegal cotton seeds and increased production costs moderate the overall impact. The positive export growth and outlook provide some offset.
While revenue showed growth, the significant drop in Profit After Tax (PAT) for both standalone and consolidated results for Q3 FY26 indicates a mixed financial performance.
Kaveri Seed Company Limited announced its financial results for the third quarter and nine months ended February 9, 2026.
For the third quarter of FY26, the company reported a consolidated revenue from operations of ₹210.21 crore, a 20.78% increase compared to ₹174.05 crore in the same period last year. EBITDA saw a rise of 13.54% to ₹28.90 crore from ₹25.45 crore. However, Profit After Tax (PAT) declined by 14.60% to ₹12.68 crore from ₹14.85 crore.
On a standalone basis, revenue from operations for Q3 FY26 grew by 16.08% to ₹179.65 crore from ₹154.77 crore in Q3 FY25. EBITDA increased by 1.14% to ₹25.28 crore. PAT, however, saw a significant drop of 50.44% to ₹7.46 crore from ₹15.04 crore.
For the nine-month period ended February 9, 2026, consolidated revenue from operations increased by 15.51% to ₹1287.65 crore. Consolidated EBITDA grew by 10.39% to ₹376.53 crore, and PAT rose by 6.07% to ₹323.65 crore.
Standalone revenue for the nine-month period increased by 16.94% to ₹1221.56 crore. Standalone EBITDA grew by 10.35% to ₹358.39 crore, and PAT increased by 4.91% to ₹308.91 crore.
The company highlighted strong volume growth in Hybrid Rice (17.9% revenue increase), Selection Rice (14.2% revenue increase), Maize (42.6% revenue increase), and Vegetable seeds (11.4% revenue increase) for Q3 FY26. Non-Cotton hybrids saw a 13% revenue increase. Cotton sales were impacted by increased illegal cotton seeds and higher production costs. Exports showed a steep growth of 86% in revenues.
The outlook for Q4 FY26 includes expected growth in spring maize and summer millet. The company also anticipates continued strong growth in the export business and good performance in mustard products.
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