Comments
Coromandel International Ltd, a fertiliser and crop protection solutions firm, has posted a consolidated net profit of ₹172 crore in the quarter ended December 31, 2017, against ₹112 crore in the same quarter previous year.
During the quarter, the firm registered a total consolidated income of ₹2,707 crore (₹2,283 crore).
For the nine-month period, the net profit stood at ₹590 crore (₹333 crore) on a total income of ₹8,662 crore (₹7,948 crore).
“The agricultural environment in our key operating markets remained positive during the quarter, augmenting the overall input consumption,” Sameer Goel, Managing Director of Coromandel International, said here in a statement on Wednesday.
The firm said that M M Murugappa will replace A Vellayan as the Chairman of the board. “Vellayan wanted to retire from the board on attaining 65 years. The board accepted his request and elected Murugappan as a Director and as the Chairman of the Board,” it said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.