Coromandel International disclosed a sharp rise in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 51.96% to Rs 325.50 million from Rs 214.20 million in the same quarter last year.
Net sales for the quarter declined marginally 0.89% to Rs 18,807.20 million, compared with Rs 18,976.80 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.14, registering 50.00% growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 18,807.20 | 18,976.80 | (0.89) |
| Net Profit | 325.50 | 214.20 | 51.96 |
| Basic EPS | 1.14 | 0.76 | 50.00 |
Shares of the company declined Rs 9.8, or 3.78%, to trade at Rs 249.50. The total volume of shares traded was 123,672 at the BSE (3.27 p.m., Wednesday).
