Coromandel International Q3 FY12 Results : Consolidated Net profit falls 13.7%

by khalid on 23/01/2012 · 0 comments

Murugappa Group company Coromandel International Limited has posted a fall in consolidated net profit for the period Q3 (ending Dec 2011) of the current fiscal (FY11-12). During the said quarter, net profit falls 13.7% to Rs 130.63 crores in comparison to Rs 150.29 crores of Q3 (ending Dec 2010) of previous year (FY10-11). Coromandel International Limited was formerly known as Coromandel Fertilisers Limited. It produces a range of fertilisers of various grades. All products are marketed under the brand name “Gromor, Godavari, Paramfos, Parry Gold and Parry Super”. Its products portfolio consists of fertilisers, pesticides and specialty nutrients.

The company informed the share market (BSE/NSE) that the total income/sales has increased 24.52% to Rs 2582.43 crore in the Q3 (ending Dec 2011) of the current fiscal (FY11-12) when compared with the same period (ending Dec 2010) of previous year (FY10-11). Total income was Rs 2076.34 crores in last year’s Q3.

The Board of Directors of Coromandel International Limited has approved payment of an interim dividend of Rs 4.00 (400% on Rs 1.00 face value) per share to its shareholders for the financial year ending 31st March 2012.

Record Date has been fixed as 3rd Feb 2012 for determining the eligibility of shareholders entitled to receive the interim dividend. Interim dividend would be paid to the eligible shareholders on 13th Feb 2012.

Share’s Data :-
BSE Code : 506395
Mkt. Cap : Rs 7,730.70 Crores
Coromandel International Ltd. share’s CMP is Rs 273.75 on 23rd Jan 2012.

Stay tuned to Duncans Fertiliser Blog for more news on Coromandel International Limited !

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