Coromandel International Limited Announces Unaudited Consolidated and Company Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 31, 2018 at 05:51 pm IST
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Coromandel International Limited announced unaudited consolidated and company earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company’s total income was INR 27,070 million in comparison to the corresponding quarter last year of INR 22,830 million. Profit before depreciation, interest and taxes (EBITDA) was INR 3,180 million against corresponding quarter last year of INR 2,370 million registering a growth of 34%. Consolidated net profit after tax for the quarter was INR 1,720 as against INR 1,120 million in corresponding quarter last year.
For the nine months, on consolidated basis, the company's total income was INR 86,620 million (corresponding period last year INR 79,480 million) and profit after tax was INR 5,900 million (corresponding period last year INR 3,330 million).
For the quarter, on company basis, the company’s the total income was INR 27,060 million in comparison to the corresponding quarter last year of INR 22,820 million. Profit before depreciation, interest and taxes (EBITDA) were INR 3,190 million against corresponding quarter last year of INR 2,380 million. Net profit after tax was INR 1,720 million against corresponding quarter last year INR 1,130 million.
For the nine months, on company basis, the company's total income was INR 86,580 million (corresponding period last year INR 79,390 million) and profit after tax was INR 5,920 million (corresponding period last year INR 3,330 million).
Coromandel International Limited is engaged in the manufacturing and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost. The Company's segments include Nutrient and other allied businesses, and Crop Protection. Its products and services include fertilizer, crop protection, specialty nutrients and organic. The Companyâs fertilizers products include GroShakti Plus, Grosmart, Paramfos, Gromor 15-15-15-09, Godavari Ultra DAP, Gromor / Godavari DAP, Gromor MOP, Gromor Urea, and others. Its speciality nutrients products include Acumist Calcium, AcuMist Zinc, Sulphamax, and others. Its crop protection products consist of insecticides, fungicides, herbicides, plant growth regulators and bio-products. It offers organic fertilizers derived from natural sources like city waste (organic portion only), sugarcane molasses and its by-products, oil cakes and gypsum. The Company operates a network of over 750 rural retail outlets across India.
Coromandel International Limited Announces Unaudited Consolidated and Company Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017