Coromandel Fertiliser on Thursday announced a 74.68% increase in its third quarter consolidated net profit to Rs131.24 crore over the corresponding period a year ago.
The fertiliser manufacturer had a consolidated net profit of Rs75.13 crore in the Q3 of the last financial year, the company said in a filing to the Bombay Stock Exchange.
Consolidated net income rose to Rs8,518.12 crore in the quarter under review from Rs3,172.91 crore last year.
In the nine-month period ended 31 December, 2008, the firm registered a consolidated net profit of Rs506.12 crore, an over to two-fold increase in growth from Rs206.41 crore in of the same period a year ago.
On the standalone basis, Coromandal Fertilser posted a net profit of Rs132.58 crore. It had a net profit of Rs75.07 crore in the same quarter last year.
Shares of Coromandel Fertiliser ended the day at Rs101.50, up 11.48% from its previous close on the BSE.