Coromandel International rises despite reporting 15% fall in Q4 consolidated net profit
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Coromandel International is currently trading at Rs. 963.70, up by 2.95 points or 0.31% from its previous closing of Rs. 960.75 on the BSE.
The scrip opened at Rs. 939.80 and has touched a high and low of Rs. 986.00 and Rs. 939.75 respectively. So far 15488 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1094.40 on 01-Sep-2022 and a 52 week low of Rs. 838.95 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 986.00 and Rs. 939.75 respectively. The current market cap of the company is Rs. 28389.97 crore.
The promoters holding in the company stood at 57.41%, while Institutions and Non-Institutions held 28.26% and 14.33% respectively.
Coromandel International has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 42.59% rise in its net profit at Rs 261.53 crore for the quarter under review as compared to Rs 183.41 crore for the same quarter in the previous year. Total income of the company increased by 28.53% at Rs 5519.19 crore for Q4FY23 as compared to Rs 4294.09 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 14.96% fall in its net profit at Rs 246.44 crore for fourth quarter ended March 31, 2023 as compared to Rs 289.79 crore for the same quarter in the previous year. However, total income of the company increased by 28.33% at Rs 5522.68 crore for Q4FY23 as compared to Rs 4303.60 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 44.05% rise in its net profit at Rs 2034.67 crore as compared to Rs 1412.45 crore for the previous year. Total income of the company increased by 54.87% at Rs 29784.31 crore for year under review as compared to Rs 19231.43 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 31.70% rise in its net profit at Rs 2012.93 crore as compared to Rs 1528.46 crore for the previous year. Total income of the company increased by 54.76% at Rs 29799.03 crore for year under review as compared to Rs 19255.12 crore for year ended March 31, 2022.
