Kaveri Seeds Q3 profit grows 22%

Kaveri Seeds has posted a internet income of ₹7.forty five crore for the 3rd quarter finished December 31, 2020, from ₹6.14 crore in the same quarter past 12 months, exhibiting a development of 21.eight for each cent.

The agency registered internet sales of ₹100 crore (₹98.fifty crore), up one.sixty six for each cent.

For the nine-thirty day period period of time finished December 31, its internet income rose 32 for each cent to ₹319.sixty three crore (₹242 crore). Internet sales were ₹932 crore (₹831 crore) through the period of time.

“Our Variety Rice and Hybrid Rice portfolios have developed strongly by more than forty five for each cent 12 months-on-12 months. Vegetable sales much too have developed really well on the back again of robust development in warm pepper, tomato, gourds and okra,” stated GV Bhaskar Rao, Chairman and Managing Director of Kaveri Seeds.

“We are optimistic of protecting this trajectory on the back again of our robust connect with the farmer, diversified products portfolio and proven investigate and development abilities,” he stated.

He more stated the enterprise attained cotton seed sector share in Gujarat and Haryana. “The volumes are practically steady through the nine months,” he stated.