Coromandel International reports 26% YoY rise in Q3 PAT
On a consolidated basis, Coromandel International reported 26.2% jump in net profit to Rs 333.80 crore on a 7.8% increase in net sales to Rs 3533.01 crore in Q3 FY21 over Q3 FY20. While the company's total expenditure rose 6.6% to Rs 3033.75 crore, interest payments declined by 55.3% to Rs 20.54 crore in Q3 December 2020 over Q3 December 2019. Profit before tax in the third quarter was at Rs 446.87 crore, up by 26.1% from Rs 354.42 crore reported in the same period last year. Current tax outgo increased by 19% year-on-year (YoY) to Rs 109.58 crore during the quarter. EBITDA for the quarter en...
Source: business-standard.com