Kaveri Seed extends fall on weak Q3 results; slips 8% to hit 52-week low

The stock was down 8% at Rs 431 on the BSE, falling 16 per cent in past four sessions, after the company reported 33% YoY decline in net profit at Rs 3.65 crore in Q3FY19.

Shares of Kaveri Seed Company (KSCL) slipped 8 per cent to hit a 52-week low of Rs 431 on the BSE, falling 16 per cent in past four sessions after the company reported a weak set of numbers for the quarter ended December 2018 (Q3FY19).

The company engaged in agriculture products business posted 33 per cent year-on-year (YoY) decline in net profit at Rs 3.65 crore in Q3FY19, on account of lower sales. It had a profit of Rs 5.43 crore in the year-ago quarter. Net sales decreased 5 per cent to Rs 67.18 crore from Rs 70.64 crore in the