Coromandel International Q2 net up 12%

Turnover rose 7.8% to Rs 3,466 cr during the quarter under review, compared with Rs 3,215 cr

Fertilisers, crop protection products and specialty nutrient products manufacturer, Coromandel International Limited, reported a consolidated net profit of Rs 183 crore for the second quarter ended Sept 2014, as against Rs 164 crore in the corresponding quarter last year, a growth of 11.58 per cent.

Turnover rose 7.8 per cent to Rs 3,466 crore during the quarter under review, compared with Rs  3,215 crore.

The company said its plant at Visakhapatnam was impacted by Hudhud cyclone causing certain damages to the unit. “The operations, however, have commenced partially and the company is in the process of lodging the insurance claim,”  a release said.