Coromandel Fert Q3 net jumps 63 pc

Coromandel Fertilisers has posted a 63 per cent rise in its net profit at Rs 10.29 crore for the quarter ended December as against Rs 6.31 crore in the corresponding period last fiscal.

Total income for the period was up by 129 per cent at Rs 352 crore from Rs 154 crore. For the nine months ended December, the net profit increased to Rs 31.63 crore from Rs 23.35 crore.

Total income increased to Rs 895 crore from Rs 425 crore. The current year figures include that of the farm inputs division of EID Parry, which was merged with the company and hence are not comparable with the previous corresponding figures.