Coromandel International nets 16 per cent profit in Q3

Elvera Bartels

Coromandel Intercontinental Minimal, an agri enter methods firm from the Murugappa team, has reported a standalone net gain of Rs 379 crore in the 3rd quarter ended December 31, 2021, as towards Rs 326 crore in the very same quarter very last year, registering a growth of 16 for each cent.

The organization had registered a whole earnings of Rs 5,093 crore (Rs 3,521 crore) in the quarter, showing a development of 45 for every cent.

For the 9-thirty day period time period, the business registered a web profit of Rs 1,228 crore (Rs 1,156 crore) on a total cash flow of Rs 14,943 crore (Rs 11,349 crore) in the course of the period of time.

“The corporation registered a development of 45 per cent in revenues pushed by progress in nutrient and crop protection organizations,” Sameer Goel, Taking care of Director of Coromandel Global, stated.

“We are focusing on operational, sourcing and advertising efficiencies to guarantee that agri inputs are offered at the ideal time to the farmers,” he said.

Outlook

Healthier reservoir degrees and superior soil dampness conditions augers well for the forthcoming kharif year.

The nutrient and allied enterprise claimed a profits of Rs 4,476 crore (Rs 3,028 crore) in the quarter, displaying a advancement of 48 per cent.

The crop safety enterprise clocked revenues of Rs 623 crore (Rs 508 crore), showing a growth of 23 for each cent.

Revealed on


February 03, 2022

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