nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

Coromandel International net profit rises 25% in Q2 FY17qrcode

Oct. 27, 2016

Favorites Print
Forward
Oct. 27, 2016
Coromandel International Limited has reported the financial results for the quarter and half year ended 30 September 2016.
 
During the quarter ended 30 September 2016, the Company’s consolidated turnover is  3575 crores in comparison to the corresponding quarter last year of  3600 crores.
 
Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 September 2016 is  385 crores in comparison to the corresponding quarter last year of  307 crores. Consolidated profit before tax is  318 crores in comparison to the corresponding quarter last year of  254 crores. Consolidated net profit after tax for the quarter is  213 crores as against  170 crores in corresponding quarter last year.
 
For the half year ended 30 September 2016, the Company’s turnover is  5635 crores as against  5804 crores during the corresponding period last year and profit after tax is  221 crores as against  184 crores during the corresponding period last year.
 
Commenting on the results, Mr. Sameer Goel, Managing Director said “Normal monsoons in key addressable markets has enhanced the demand for nutrients, resulting in improved performance of all the business segments. Crop Protection business posted strong set of numbers on back of good demand from export and domestic markets. With improvement in residual soil moisture and expectation of normal North East monsoons, Rabi prospects are bright and we anticipate improved agri input consumption during the 2nd half of the year. We are confident that our diversified agri-solutions will bring prosperity to the Indian farmers and help in improving the farm productivity.”
 

Picture 0/1200

More from AgroNews

Magazine

2019 CRO & CRAO Manual 2019 Market Insight
Chinese issue of 2019 Market Insight 2019 India Pesticide Suppliers Guide
2019 Biologicals Special 2019 Latin America Focus
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.