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Coromandel International Ltd's Q3FY19 consolidated net profit declines 14.49% yoyqrcode

Jan. 22, 2019

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Jan. 22, 2019
Coromandel International Ltd's consolidated revenue for Q3FY19 came in at Rs3,049.47cr, up 11.5% yoy.

The operating profits of the company in the quarter ended December 2018 stood at Rs303.9cr, down 7.2% yoy.

The company's EBITDA margin contracted ~200bps yoy to ~10% in Q3FY19. The net profit after tax (PAT) came in at Rs154.3cr, down 14.5% yoy.

The revenue is in-line with the estimate.

However, EBITDA and net profit beat the estimate of Rs253cr and Rs112cr by 20% and 38%, respectively.

Source: IIFL

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