Coromandel International disclosed a steep drop in consolidated net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 33.42% to Rs 803.60 million from Rs 1,206.90 million in the same quarter last year.
Revenues for the quarter declined 6.98% to Rs 27,554.50 million, compared with Rs 29,620.80 million for the prior year period.
Operating margin for the quarter stood at 5.10 percent as compared to 6.74 percent for the previous year period. Operating Income for the quarter was Rs 1,405.90 million, compared with Rs 1995.4 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.76, registering 33.33% decline over previous year period.
Quarterly Results - Consolidated (Rs in mn) |
As at | Dec - 15 | Dec - 14 | %Change |
Revenues | 27,554.50 | 29,620.80 | (6.98) |
Net Profit | 803.60 | 1,206.90 | (33.42) |
Diluted EPS | 2.76 | 4.14 | (33.33) |
Shares of the company declined Rs 1.65, or 1%, to settle at Rs 163.50. The total volume of shares traded was 123,819 at the BSE (Friday).