Coromandel International Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 28, 2021 at 04:59 am EDT
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Coromandel International Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 61,475.3 million compared to INR 46,112.7 million a year ago. Revenue was INR 61,664 million compared to INR 46,195 million a year ago. Net income was INR 5,193.1 million compared to INR 5,889.3 million a year ago. Basic earnings per share from continuing operations was INR 17.7 compared to INR 20.09 a year ago. Diluted earnings per share from continuing operations was INR 17.66 compared to INR 20.04 a year ago.
For the six months, sales was INR 98,114 million compared to INR 78,245 million a year ago. Revenue was INR 98,520.2 million compared to INR 78,434.2 million a year ago. Net income was INR 8,570.9 million compared to INR 8,395 million a year ago. Basic earnings per share from continuing operations was INR 29.21 compared to INR 28.64 a year ago. Diluted earnings per share from continuing operations was INR 29.15 compared to INR 28.57 a year ago.
Coromandel International Limited is engaged in the manufacturing and trading of farm inputs consisting of fertilizers, crop protection, specialty nutrients and organic compost. The Company's segments include Nutrient and other allied businesses, and Crop Protection. Its products and services include fertilizer, crop protection, specialty nutrients and organic. The Companyâs fertilizers consist of nitrogen, phosphate, calcium and potassium in various grades and are available under various brands, such as GroShakti Plus, Grosmart, Paramfos, Gromor 15-15-15-09, Godavari Ultra DAP, Gromor / Godavari DAP, Gromor MOP and Gromor Urea. Its crop protection products consist of insecticides, fungicides, herbicides, plant growth regulators and bio-products. It offers organic fertilizers derived from natural sources like city waste (organic portion only), sugarcane molasses and its by-products, oil cakes and gypsum. The Company operates a network of over 750 rural retail outlets across India.
COROMANDEL INTERNATIONAL LIMITED 
