Coromandel International Ltd., a fertilizers manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit grew 117% to Rs 337.78 crores ($45.3 million) for the period ended June 30, 2021 as against net profit of Rs 155.85 crores ($20.9 million) for the previous quarter.
Net sales increased 28.3% to Rs 3685.62 crores ($494.7 million) during the period ended June 30, 2021 as compared to Rs 2871.72 crores ($385.5 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 35% to Rs 337.78 crores ($45.3 million) for the period ended June 30, 2021 as against net profit of Rs 250.57 crores ($33.6 million) for the prior-year quarter.
Net sales increased 14.3% to Rs 3685.62 crores ($494.7 million) during the period ended June 30, 2021 as compared to Rs 3223.92 crores ($432.8 million) during the prior-year quarter.
Coromandel International is engaged in the business of manufacture and selling of fertilizers, pesticides and specialty nutrients.