Coromandel International Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 01, 2021 at 04:00 am EST
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Coromandel International Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 3,541.87 compared to INR 3,287.73 a year ago. Net income was INR 333.8 compared to INR 264.51 a year ago. Basic earnings per share from continuing operations was INR 11.39 compared to INR 9.04 a year ago. Diluted earnings per share from continuing operations was INR 11.35 compared to INR 9.03 a year ago. For the nine months, total revenue was INR 11,385.29 compared to INR 10,295.91 a year ago. Net income was INR 1,173.3 compared to INR 830.84 a year ago. Basic earnings per share from continuing operations was INR 40.03 compared to INR 28.4 a year ago. Diluted earnings per share from continuing operations was INR 39.92 compared to INR 28.35 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 
