Coromandel International Limited on Thursday reported consolidated net profit after tax for the quarter ended March 2021 at Rs156cr in comparison to Rs234cr for the corresponding quarter last year.
The company's consolidated total income was at Rs2,872cr for the quarter ended March 31, 2021, in comparison to the corresponding quarter last year of Rs2,881cr. Profit before depreciation, interest, taxes and exceptional item (EBITDA) for the quarter ended 31 March 2021 stood at Rs261cr vs. Rs391cr during the corresponding quarter last year.
Coromandel International Limited, India’s leading Agri solutions provider is in the business of Fertilisers, Crop Protection, Bio pesticides, Specialty Nutrients, Organic Fertilizer, and Retail.
For the year ended March 31, 2021, the company’s consolidated total income is Rs14,257cr (PY Rs13,177cr). Profit before depreciation, interest, taxes, and exceptional item (EBITDA) is Rs2,021cr registering a growth of 17% (PY of Rs1,732cr) and profit after tax is Rs1,329cr (PY Rs1,065cr), a growth of 25%.
The company's standalone total income for the quarter ended March 31, 2021 was at Rs2,857cr in comparison to the corresponding quarter last year of Rs2,864cr. Profit before depreciation, interest, taxes and exceptional item (EBITDA) for the quarter ended March 31, 2021 stood at Rs258cr vs. Rs388cr during the corresponding quarter of last year. Net profit after tax for the quarter was Rs156cr in comparison to Rs231cr for the corresponding quarter last year.
For the year ended March 31, 2021, the company’s total income is Rs14,205cr (PY Rs13,155cr). Profit before depreciation, interest, taxes, and exceptional item (EBITDA) is Rs2,001cr vs PY Rs1,726cr registering a growth of 16% and profit after tax is Rs1,312cr (PY Rs1,059cr), a growth of 24%.
“2020-21 has been a black swan event wherein businesses across the world and in India have been disrupted due to the Covid pandemic. Coromandel undertook various initiatives at its manufacturing sites and in the marketplace both at the dealer and its Retail outlets to ensure safety not only of its employees but also of the neighbouring communities and the farmers.
The company has worked closely with the local administration, State and Central governments in creating awareness, distributing masks, sanitizers, free meals to the needy and a Covid ward and an isolation ward in the Government General Hospital at Kakinada was set up,” Sameer Goel - Managing Director, Coromandel International Limited, said.
At around 10.44 am, Coromandel International Ltd was trading at Rs727.90 per piece down Rs5.45 or 0.74% from its previous closing of Rs733.35 per piece on the BSE.