India's second-largest phosphate fertiliser maker Coromandel International posted a 24.17 per cent increase in consolidated net profit at Rs 90.21 crore during the first quarter of 2018-19 fiscal on higher income.
Its net profit stood at Rs 72.65 crore in the same quarter of the last financial year, the company said in a BSE filing.
Net income increased on a consolidated basis to Rs 2,537.29 crore during the April-June quarter of the 2018-19 fiscal from Rs 2,317.60 crore in the year-ago period.
Expenses remained higher at Rs 2,404.54 crore as against Rs 2,204.78 crore in the said period.
During the first quarter, the company said it acquired on a slump sale basis the assets and liabilities of Bio Business of EID Parry (India) Ltd with effect from 1 April, 2018 and its subsidiary Parry America Inc with effect from 19 April, 2018.
The company's scrip closed lower by 0.94 per cent at Rs 400.70 apiece on the BSE today.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)