Q4FY17 Results : Coromandel International
Nidhi Jani / 28 Apr 2017
The company reported PAT of Rs 144.27 crore, which represents a sequential QoQ increase of 29.03 per cent.
Coromandel International Ltd. reported its results for the quarter March 31,2017 on Friday. The consolidated numbers were largely positive.
The company's total sales for Q4FY17 came in at Rs. 2247.45 crore, which represents a 1.01 per cent sequential increase and 25.08 per cent YoY decline.
Its operating profit (EBIT) for the quarter amounted to Rs 157.56 crore and its EBIT margin stood at 7.01 per cent.
The company reported PAT of Rs 144.27 crore, which represents a sequential QoQ increase of 29.03 per cent and a YoY increase of 56.14 per cent, driven by declining finance cost.
The company's board of directors have recommended a dividend of Rs 5 per share for the face value of Rs 1 each.
The company's stock opened at Rs 366.8 and touched an intra-day high of Rs 371 on the BSE.
Coromandel International is an India-based company with focus on its business segments like fertilizers, specialty nutrients, crop protection and retail (Coromandel Mitra Supermarket). The company also manufactures a market wide range of phosphatic fertilizers, crop protection products and specialty nutrients fertilizers.
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