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Business News/ Companies / Coromandel International’s net profit rises 35% in March quarter
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Coromandel International’s net profit rises 35% in March quarter

Coromandel International's revenue in the quarter rose to Rs3,021 crore from Rs2,998 crore a year ago

Coromandel International’s consolidated net profit in the full financial year fell 10% to `361 crore from `402 crore a year ago due to weak monsoon in key states. Premium
Coromandel International’s consolidated net profit in the full financial year fell 10% to `361 crore from `402 crore a year ago due to weak monsoon in key states.

Fertilizer maker Coromandel International Ltd said on Wednesday net profit in the March quarter rose 35% to 93 crore from a year ago, thanks to a better performance in all its business segments.

Revenue in the quarter rose to 3,021 crore from 2,998 crore a year ago.

“The company has done well in all its segments despite erratic monsoons and tough market conditions, with our agility to respond to customer needs and our strong presence in fertilisers, crop protection and retail," said Sameer Goel, managing director.

Consolidated net profit in the full financial year fell 10% to 361 crore from 402 crore a year ago. Revenue in the period rose to 11,522 crore from 11,306 crore a year ago.

Weak monsoon and drought-like conditions in key states followed by a drop in sowing acreage crimped the company’s profitability.

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Published: 27 Apr 2016, 08:56 PM IST
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