Coromandel Intl Q 4 net profit falls 15 per cent

Posts Rs 69 cr profit; total income jumps 37% to Rs 3,000 cr

Fertiliser and crop protection products manufacturer Coromandel International Limited reported a 15.05 per cent decline in net profit at Rs 68.66 crore for the quarter ended March, 2015 due to a fall in margins. The net profit for the same quarter last year was Rs 80.40 crore.

Total income during the quarter under review increased 36.68 per cent to Rs 3,010.93 crore from Rs 2,202 crore in the corresponding previous quarter. However, expenditure grew 41.37 per cent at Rs 2,864.73 crore as compared with Rs 2,026.42 crore in the year-ago period.

For the full year, net profit grew 12.47 per cent at Rs 401.79 crore from Rs 356.54 crore in the previous financial year. Total income rose 12.35 per cent to Rs 11,363.03 crore over Rs 10,113.97 crore.

"Though the unseasonal rains and cost push pressures have impacted margins in the last quarter, with softening in key input raw material prices we expect to sustain our growth momentum," V Ravichandran, vice chairman of Coromandel International, said.