Q1FY18 Results: Coromandel International Ltd
DSIJ Intelligence / 28 Jul 2017
The company's total sales for Q4FY17, came in at Rs 2277 crore, which represents a 0.52 per cent sequential decline and 10.59 per cent YoY increase.
Coromandel International Ltd. reported its results for the quarter ended June 30, 2017 today. The consolidated numbers were largely positive on a YoY basis.
The company's total sales for Q4FY17, came in at Rs 2277 crore, which represents a 0.52 per cent sequential decline and 10.59 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 147 crore and its EBIT margin stood at 6.46 per cent.
The company reported PAT of Rs 75.4 crore, which represents a sequential QoQ decline of 47.64 per cent and a YoY increase of 918.92 per cent.
The company's stock opened for trading at Rs 433 on the BSE, and rose 0.39 per cent during the day, before closing at Rs 437.
Coromandel International Limited is engaged in the manufacture and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost. The company's business divisions include fertilizers, specialty nutrients, crop protection and retail.
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