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.
Sameer Goel elected as Chairman of CII Telangana for 2021-22 uniindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uniindia.com Daily Mail and Mail on Sunday newspapers.
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Coromandel International managing director Sameer Goel and Vagish Dixit of ALPLA India have been elected chairman and vice-chairman respectively of Confederation of Indian Industry, Telangana (CII-TS) for 2021-22.
Mr.Goel, who was vice-chairman of CII-TS for 2020-21, had a brief stint in Cipla as country head prior to joining Coromandel. He started his career with Glaxo Smith Kline Consumer in India in 1987 and worked in various positions in general management, sales and marketing across geographies and businesses both in the country and international markets.
Mr. Dixit is Chief Engagement Officer of ALPLA Worldwide, partner and MD of ALPLA Group in India. Apart from this, he was recently appointed honorary consul for Austria for the states of Telangana and Andhra Pradesh. He is chairman of Young Presidents Organisation, a global leadership forum of business leaders, and chairman of Indian Institute of Packaging, Hyderabad, a CII-TS release on Friday
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