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Coromandel International Ltd's Q3FY19 consolidated net profit declines 14.49% yoy
Jan. 22, 2019
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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