Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results

Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19

Shares of Coromondel International rallied 8 per cent to hit a 52-week high of Rs 700 on the BSE on Wednesday after the company’s consolidated profit before depreciation, interest, taxes and exceptional item (EBITDA) for the quarter ended March 31, 2020 (Q4FY20) increased by 51 per cent to Rs 391 crore as against Rs 259 crore clocked during the corresponding quarter last year. EBITDA margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19.

Besides, revenue from operations during the quarter under review grew 8.75 per cent to Rs 2,869 crore from Rs 2,638 crore