Kaveri Seed

** Shares of Kaveri Seed Company KVRI.NS down 2% to 905 rupees

** Co posts wider Q4 net loss after tax of 278.1 mln rupees ($2.9 mln) from loss of 229.4 mln rupees a year ago

** Stock fell as much as 3.4% after the results before trimming some losses

** YTD, KVRI down ~8%

($1 = 95.4475 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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April 8 (Reuters) - Kaveri Seed Company Ltd KVRI.NS:

• KAVERI SEED COMPANY LTD - INCOME TAX DEMAND OF 695.9 MILLION RUPEES SET ASIDE FOR KAVERI SEED

Source text: ID:nBSE3Sl30z

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March 31 (Reuters) - Kaveri Seed Company Ltd KVRI.NS:

• KAVERI SEED COMPANY LTD - EARLIER TAX DEMAND OF 732.5 MILLION RUPEES STANDS SET ASIDE PURSUANT TO THE APPELLATE ORDER

Source text: ID:nNSE8m8Pjt

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March 27 (Reuters) - Kaveri Seed Company Ltd KVRI.NS:

• RECEIVES DEMAND NOTICE FOR 695.9 MILLION RUPEES FROM INCOME TAX AUTHORITIES

Source text: [ID:]

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** Shares of Indian seed companies jump as budget proposes launching mission to boost output of pulses

** Kaveri Seed KVRI.NS soars 13%, Mangalam Seeds MGSL.BO climbs 6%, JK Agri Genetics JKAG.BO rises 2%

** Finance minister Nirmala Sitharaman says six-year mission on high-yielding seeds will be launched to boost pulses output

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Kaveri Seed Company Ltd KVRI.NS slide 7.3% to 824.65 rupees, set for worst session since August 2021, if losses hold

** KVRI swings to Q2 loss, its first in six quarters - LSEG data

** Co's revenue drops 20% in Q2, while raw material costs surge 76%

** Stock was down 4% before reporting results

** KVRI trims YTD gains to 35%

(Reporting by Nandan Mandayam in Bengaluru)

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** Jain Irrigation JAIR.NS shares jump 4.6%

** Co signs deal with India's Coffee Board to sell "disease-resistant" coffee plants

** Stock up 4.23% this week, on track to snap three weeks of losses

** JAIR up 5.1% YTD, worst performer so far among listed agri companies

** Nath Bio-Genes NATB.NS up 11% YTD, Mangalam Seeds MGSL.BO up 18%, Kaveri Seed KVRI.NS up 84% and JK Agri JKAG.BO up 42% YTD

(Reporting by Sethuraman NR in Bengaluru)

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Aug 12 (Reuters) - Kaveri Seed Company Ltd KVRI.NS:

• KAVERI SEED COMPANY JUNE-QUARTER CONSOL NET PROFIT 2.89 BILLION RUPEES

• KAVERI SEED COMPANY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.03 BILLION RUPEES

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** Shares of Kaveri Seed Company KVRI.NS, Dhanuka Agritech DHNP.NS and Mangalam Seeds MGSL.BO up between 5.7% and 8.6%

** Indian government to provision 1.52 trln rupees ($18.18 bln) for agri- and allied sectors, Finance Minister Nirmala Sitharaman said in budget speech

** KVRI on track to rise in third straight session, if trend holds

** KVRI and DHNP up 64% each YTD, MGSL up 10%

($1 = 83.6180 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Kaveri Seed Company KVRI.NS up 5.7% to 693 rupees, its highest intraday pct gain since Jan. 31

** Stock at highest level since Feb. 2

** Agro firm's buyback of shares begins on Thursday and closes on March 6

** KVRI had lost ~8% since Feb. 2, when it posted a 69% slump in qtrly profit

** Shares see busiest day in over 3 weeks with more than 170,000 shares traded

** Stock rose 11.6% YTD, continuing a 18.5% jump from 2023

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of agro firm Kaveri Seed Company KVRI.NS fall 4.1% to 685 rupees, steepest drop since late October

** Co reported over 69% decline in Dec-qtr consol net PAT, rev from ops down 0.9%

** Stock has gained ~17% since KVRI reported over two-fold rise in Q2 profit on Nov. 8

** Stock has been trading above its 200-day simple moving avg since June, volumes 1.2x 30-day avg

** It gained 18.6% in 2023

(Reporting by Manvi Pant in Bengaluru)

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BENGALURU, Feb 1 (Reuters) - India's Godrej Agrovet GODE.NS reported a 21% fall in third-quarter profit on Thursday, hurt by soft demand and inventory destocking.

Consolidated net profit fell to 918.4 million rupees ($11.1 million) for the three months ended Dec. 31 from 1.16 billion rupees a year earlier, the company said in an exchange filing.

The company's overall inventory levels have fallen 15.5% due to the ongoing destocking across the sector, according to analysts. This in turn affected the bottom line of the company.

Total expenses for the quarter rose 0.23%, while total revenue was flat at 23.45 billion rupees.

The animal feed segment, which constitutes more than half of the total revenue, rose 1.5%.

Shares of the company rose 1.9% on Thursday ahead of results.

($1 = 82.9800 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sohini Goswami)

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** Shares of Kaveri Seed Co KVRI.NS closed up 1% after rising as much as 3% earlier in the session

** Co approves buyback of shares worth up to 3.25 billion rupees ($39.08 million) via tender offer route

** Buyback price of 725 rupees per share about 18% higher than Thursday's close

** KVRI posts best week since July 2023 and third straight session of gains

** More than 891,000 shares changed hands, 6.2x the 30-day avg

** Stock had gained over 18% in 2023

($1 = 83.1681 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 8 (Reuters) - Kaveri Seed Company Ltd KVRI.NS:

• KAVERI SEED COMPANY LTD SEPT-QUARTER CONSOL NET PROFIT 137.2 MILLION RUPEES VERSUS 53 MILLION RUPEES

• KAVERI SEED COMPANY LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.71 BILLION RUPEES VERSUS 1.67 BILLION RUPEES

Source text for Eikon: ID:nBSE7y4gv7

Further company coverage: KVRI.NS

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** Shares of Kaveri Seed Company KVRI.NS rise as much as 7.05% to a more than 14-month high of 594 rupees

** Agri firm reports over 12% rise in June-quarter profit on a 7.29% increase in revenue

** Trading volume is 300,683 shares as of 10:50 a.m. IST, 1.2 times the 30-day avg - Refinitiv data

** Stock up ~13% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 14 (Reuters) - Kaveri Seed Company Ltd KVRI.NS:

• INDIA'S KAVERI SEED COMPANY LTD JUNE-QUARTER CONSOL NET PAT 2.74 BILLION RUPEES VERSUS PROFIT 2.44 BILLION RUPEES

• KAVERI SEED COMPANY LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.36 BILLION RUPEES VERSUS 6.86 BILLION RUPEES

Source text for Eikon: [ID:]

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By Biplob Kumar Das

BENGALURU, Aug 1 (Reuters) - India's Godrej Agrovet Ltd GODE.NS reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses.

The company's consolidated net profit rose to 1.05 billion rupees ($12.8 million) in April-June, from 827.1 million rupees a year ago.

The easing in retail food inflation in the quarter and demand recovery in the agriculture sector aided profitability as raw material costs cooled off.

Godrej Agrovet's input costs fell 5% year-on-year, while total expenses reduced by 0.6%. This helped offset total revenue staying flat at 25.10 billion rupees.

Profit before interest and tax at the company's animal feed business more than doubled in the quarter, while profit at its crop protection business grew 78.5%.

While the animal feed business accounts for about half of total revenue, the crop protection business is a bigger profit contributor, at roughly 41%.

Its smallest business by either measure is vegetable oils, where profit slumped 67% in the quarter as a correction in selling prices more than offset higher sales volumes, the Godrej Group-owned firm said in a statement.

Shares of the company, which competes with Venky's (India) VENK.NS and Kaveri Seed KVRI.NS among others, rose 0.4% on Tuesday.

They rose nearly 10% from April to June, sandwiched between Venky's 18% increase and Kaveri Seed's 6.7% gain.

($1 = 82.2230 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru; Editing by Savio D'Souza)

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May 23 (Reuters) - Kaveri Seed Company Ltd KVRI.NS:

• INDIA'S KAVERI SEED COMPANY MARCH-QUARTER CONSOL NET LOSS AFTER TAX 154.9 MILLION RUPEES VERSUS LOSS 117.7 MILLION RUPEES

• KAVERI SEED COMPANY MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 736.8 MILLION RUPEES VERSUS 665.8 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: KVRI.NS

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BENGALURU, May 9 (Reuters) - India's Godrej Agrovet Ltd GODE.NS reported a 74.6% fall in quarterly profit on Tuesday, hurt by higher costs and weakness in its vegetable oil and crop protection business.

Consolidated net profit at the company, which competes with Venky's (India) VENK.NS and Kaveri Seed KVRI.NS among others, fell to 310.2 million rupees ($3.79 million) in the seasonally weak fourth quarter ended March 31, from 1.22 billion rupees a year ago.

Companies like Godrej Agrovet, which sell animal-feed to poultry farmers and produce crude palm oil, have seen their profit squeezed due to higher inventory costs. Some analysts have also warned that rising concerns tied to the El-Niño weather pattern could hurt them.

Finance costs at the Godrej Group-owned company rose about 50%, while total revenue from operations rose at a meager 0.7%. It saw a 22.8% sales drop in its vegetable oil arm and 31.4% decline in its crop protection business. Sales at its mainstay animal-feed arm rose 10.2%.

Shares of the Temasek-backed firm have fallen ~6% this year as of today's close.

($1 = 81.7800 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

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