Coromandel Q4 net profit falls at ₹156 cr
April 29, 2021
PAT for 2020-21 up at ₹1,329 crore
Coromandel International, a manufacturer of fertilisers, crop protection and other agri inputs, has posted a lower net profit of ₹156 crore in the fourth quarter ended March 31, 2021, against ₹234 crore in the comparable quarter last year.
The Murugappa group company reported a consolidated total income of ₹2,872 crore (₹2,881 crore).
For the full year, however, the company reported a higher consolidated net profit of ₹1,329 crore against ₹1,065 crore in the previous year. It reported a consolidated total income of ₹14,257 crore (₹13,177 crore).
Sameer Goel, Managing Director of Coromandel International Limited, has said that 2020-21 was a ‘black swan event’ (unpredictable), with businesses across the world and in India getting disrupted due to the Covid pandemic.