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

Coromandel International income dips in Q4qrcode

May. 2, 2017

Forward Favorites Print May. 2, 2017
Coromandel International, a fertiliser firm, has reported a sharp fall in income at ₹2,300 crore in the standalone entity in the quarter ended March 31, 2017, against ₹3,058 crore in the corresponding quarter last year.

The net profit for the quarter is put at ₹144 crore against ₹92 crore in the same quarter last year.

The board recommended a dividend of ₹5 per share (with a face value of ₹1 each).

For the full year, the standalone income stood at ₹10,239 crore against ₹11,690 crore last year.

The net profit for the year was ₹477 crore (₹358 crore).The consolidated income for the quarter stood at ₹2,302 crore (₹3,059 crore). The net profit is put at ₹144 crore (₹92 crore).

“With a forecast of a near normal south-west monsoon and favourable agriculture policies, we expect rural consumption to remain buoyant in 2017-18,” Sameer Goel, Managing Director, Coromandel International, has said in a statement.

“During the quarter, the firm leveraged its diversified product portfolio, wide market coverage and strong brand presence to improve its performance across the nutrients and crop protection segments, despite failure of the north-east monsoon in some southern States,” he added.

Picture 0/1200

More from AgroNews

Sichuan Lomon Bio Technology Co., Ltd.


Annual Review 2018 Chinese issue of Annual Review 2018
Chinese issue of 2018 Market Insight 2018 Market Insight
Chinese issue of 2018 CRO & CRAO Manual 2018 CRO & CRAO Manual
I wanna post a press Comment


Subscribe Email: *
Mobile Number:  


Picture 0/1200

Subscribe to daily email alerts of AgroNews.