Coromandel International Q2FY18 consolidated net profit rises 60.5% yoy

India Infoline Research Team | October 25, 2017 13:16 IST

Coromandel International Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 3,646.9 2
EBITDA 567.9 47.7
EBITDA Margin (%) 15.6 481
Net Profit (adjusted) 342.5 60.5
***EBITDA margin change is bps
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Reco. Price

482

Last updated on

14-Oct-2017


Coromandel International consolidated revenue for the quarter came in at Rs. 3646.9 crore, registering 2% yoy increase. This was driven by 11% yoy increase in revenue from crop protection.

EBITDA for the quarter rose by 47.7% yoy to Rs. 567.9 crore with a corresponding margin expansion of 481 bps. EBITDA margin for the quarter stood at 15.6%.

The PAT for the quarter came in at Rs. 342.5 crore, yoy increase of 60.5%. This was due to 29.5% yoy decline in interest expenses.



Technical View:

Coromandel International Ltd is currently trading at Rs. 490.25, down by 30.15 points or 5.79% from its previous closing of Rs. 520.40 on the BSE.
The scrip opened at Rs. 532 and has touched a high and low of Rs. 542.90 and Rs. 489.85 respectively. So far 7,76,134(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 523.00 6.45 (1.25%)
NSE 524.00 6 (1.16%)

***Note: This is a NSE Chart

 

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