27 May 2019 | 12:14 AM

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COMPANYNEWS
Coromandel Internati Q4 net profit jumps 59.64% at Rs 107.23 cr
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Published on 04-23-2019
The company reported standalone net profit of Rs 107.23 crore for the quarter ended March 31 2019 as compared to Rs 67.17 crore in the same period last year registering a year-on-year growth of 59.64 per cent.


Net revenue of the company rose moderately by 11.05 per cent at Rs 2633.26 crore in January-March quarter of this fiscal as against Rs 2371.18 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 7.57 per cent to Rs 2377.23 crore from Rs 2210.02 crore in year ago period.


Other Income dipped by 40.55 per cent at Rs 9.15 crore versus (Mar`18 Rs 15.39 crore).


Operating Profit surged by 58.87 per cent to Rs 256.03 crore as against Rs 161.16 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 42.94 per cent in March quarter.


Interest grew by 28.91 per cent y-o-y to Rs 65.33 crore while Taxation increased by 52.29 per cent at Rs 53.97 crore (Mar`18 Rs 35.44 crore).