Coromandel International Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 24, 2013 at 12:05 pm
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Coromandel International Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, for the quarter the company reported net sales/income from operations of INR 24,009.3 million compared to INR 25,502.3 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,103.5 million compared to INR 2,310.8 million for the same period a year ago. Profit before tax was INR 709.6 million compared to INR 1,863.5 million for the same period a year ago. Net profit after tax was INR 688.6 million compared to INR 1,306.3 million for the same period a year ago. Diluted earnings per share was INR 2.41 compared to INR 4.61 for the same period a year ago.
On consolidated basis, for the nine months the company reported net sales/income from operations of INR 69,042.9 million compared to INR 70,532.7 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 6,318.4 million compared to INR 8,558.2 million for the same period a year ago. Profit before tax was INR 5,341.7 million compared to INR 8,086.5 million for the same period a year ago. Net profit after tax was INR 4,207.6 million compared to INR 5,719.0 million for the same period a year ago. Diluted earnings per share was INR 14.82 compared to INR 20.15 for the same period a year ago.
On standalone basis, for the quarter the company reported net sales/income from operations of INR 22,939.9 million compared to INR 25,502.4 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,025.8 million compared to INR 2,332.3 million for the same period a year ago. Profit before tax was INR 706.0 million compared to INR 1,892.5 million for the same period a year ago. Net profit after tax was INR 686.5 million compared to INR 1,335.6 million for the same period a year ago. Diluted earnings per share was INR 2.42 compared to INR 4.71 for the same period a year ago.
On standalone basis, for the nine months the company reported net sales/income from operations of INR 65,801.1 million compared to INR 70,532.6 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 6,186.0 million compared to INR 8,594.4 million for the same period a year ago. Profit before tax was INR 5,434.0 million compared to INR 8,084.2 million for the same period a year ago. Net profit after tax was INR 4,303.9 million compared to INR 5,717.3 million for the same period a year ago. Diluted earnings per share was INR 15.17 compared to INR 20.14 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 Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012