Coromandel Intl Q3 PAT falls to ₹242 cr

Coromandel Worldwide Ltd, a Murugappa group firm that’s into agri enter options, has posted a drastic fall within the internet revenue within the third quarter ended December 31, 2023. It reported a internet revenue of ₹242 crore within the quarter in opposition to ₹539 crore within the comparable quarter final yr.

It posted a income of ₹5,450 crore in opposition to ₹8,308 crore in the identical quarter final yr.

The vitamins and allied companies contributed the majority of the revenue at ₹4,892 crore, adopted by crop safety division with ₹612 crore within the quarter.

For the nine-month interval ended December 31, 2023, the corporate posted a internet revenue of ₹1,509 crore (₹1,773 crore) on a complete income of ₹18,129 crore (₹24,138 crore).

For the complete yr final yr, the corporate reported a internet revenue of ₹2,034 crore on a income of ₹29,609 crore.

The corporate’s complete revenue for the primary half was at ₹12,771 crore (₹15,927 crore within the corresponding interval of the earlier yr). The revenue after tax for the primary half was at ₹1,249 crore (₹1,240 crore).

The corporate’s shares fell by 7.64 per cent to shut at ₹1,050 on Tuesday.