Coromandel Q4 PAT up 43% at ₹262 cr

Coromandel International Ltd recorded a net profit of ₹262 crore in the March quarter as against ₹183 crore in the corresponding quarter of the previous year, showing a growth of 43 per cent. Total income in the quarter was ₹5,519 crore as against ₹4,294 crore recorded in the same quarter last year, showing a growth of 29 per cent.

The Board of Directors of the company has recommended a final dividend of Rs 6 per share for FY23. Net profit for FY23 was ₹2,035 crore (Rs.1,412 crores) on total income of Rs.29,784 crore (Rs.19,231 crore) .

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prospects

“The country’s economy continues to progress well. Arun Alagapan, Executive Vice Chairman of Coromandel International Ltd, said healthy reservoir levels and good soil moisture conditions can offset a potential El Niño effect during the upcoming Khareef season, and efforts are underway to mitigate any negative impact of the less than normal monsoon.