 "Image via Shutterstock")
Hyderabad-based Coromandel International has reported a 35 per cent jump in consolidated net profit at Rs 93 crore as compared with Rs 69 crore in the corresponding quarter last year. The company, however, posted a marginal increase in consolidated turnover at Rs 3,021 crore for the quarter under review as compared with Rs 2,998 crore in the year ago period.
For the full year the net profit declined by 10 per cent to Rs 361 crore from Rs 402 crore in the previous year.
"The company has done well in all its segments despite erratic monsoons and tough market conditions. With our agility to respond to customer needs and our strong presence in fertilisers, crop protection and retail, we shall continue to enhance value of all our stake holders. With the rural and agricultural reforms beginning to take shape and an above normal monsoon projected for Kharif 2016 we expect a positive consumer sentiment and a strong demand for the sector, going forward," Sameer Goel, managing director of Coromandel International said in a statement.
