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This is an archive article published on April 24, 2013

Coromandel International posts 83 dip in Q4 net

Fertiliser major Coromandel International today reported a steep fall of 83 per cent in consolidated net profit to Rs 11.67 crore for the quarter ended March 31,2013

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Fertiliser major Coromandel International today reported a steep fall of 83 per cent in consolidated net profit to Rs 11.67 crore for the quarter ended March 31,2013.

The complex fertiliser producer had reported a net profit of Rs 66.89 crore in the year-ago period,it said in a filing to the BSE.

Consolidated net sales of Coromandel also witnessed a decline of 24 per cent to Rs 2,065.97 crore in the fourth quarter of 2012-13 fiscal against Rs 2,735.91 crore in the same quarter of 2011-12 fiscal.

For the entire 2012-13 financial year,the consolidated net profit of the Secundarabad-based company were down by 32 per cent to Rs 431.99 crore against Rs 638.79 crore in 2011-12 fiscal.

 

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