Coromandel International Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 24, 2014 at 08:11 am EST
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Coromandel International Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the standalone company reported net sales of INR 24,895.3 million compared with INR 22,939.9 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 1,889.9 million compared with INR 1,025.8 million for the same period a year ago. Profit before tax was INR 1,508.5 million compared with INR 706.0 million for the same period a year ago. Net profit was INR 1,020.8 million or INR 3.60 per diluted share compared with INR 686.5 million or INR 2.42 per diluted share for the same period a year ago.
For the nine months, the standalone company reported net sales of INR 70,181.4 million compared with INR 65,801.1 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 4,976.6 million compared with INR 6,186.0 million for the same period a year ago. Profit before tax was INR 3,708.3 million compared with INR 5,434.0 million for the same period a year ago. Net profit was INR 2,617.6 million or INR 9.23 per diluted share compared with INR 4,303.9 million or INR 15.17 per diluted share for the same period a year ago.
For the quarter, the consolidated company reported net sales of INR 27,378.5 million compared with INR 24,009.3 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 1,939.9 million compared with INR 1,103.5 million for the same period a year ago. Profit before tax was INR 1,457.8 million compared with INR 709.6 million for the same period a year ago. Net profit was INR 955.7 million or INR 3.32 per diluted share compared with INR 688.6 million or INR 2.41 per diluted share for the same period a year ago.
For the nine months, the consolidated company reported net sales of INR 78,220.5 million compared with INR 69,042.9 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 5,516.2 million compared with INR 6,318.4 million for the same period a year ago. Profit before tax was INR 3,971.8 million compared with INR 5,341.7 million for the same period a year ago. Net profit was INR 2,845.4 million or INR 9.72 per diluted share compared with INR 4,207.6 million or INR 14.82 per diluted share for the same period a year ago.
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 Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013