Coromandel International gains on reporting seven fold jump in Q4 consolidated net profit

Coromandel International is currently trading at Rs. 235.70, up by 0.65 points or 0.28% from its previous closing of Rs. 235.05 on the BSE. The scrip opened at Rs. 242.30 and has touched a high and low of Rs. 243.00 and Rs. 231.00 respectively. So far 12266 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 260.50 on 12-Dec-2013 and a 52 week low of Rs. 162.40 on 24-Jul-2013. Last one week high and low of the scrip stood at Rs. 245.50 and Rs. 218.00 respectively. The current market cap of the company is Rs. 6608.05 crore. The promoters holding in the company stood at 63.79% while Institutions and Non-Institutions held 12.43% and 23.78% respectively. Coromandel International has reported over 6-fold jump in its net profit at Rs 83.09 crore for the quarter ended March 31, 2014 as compared to Rs 13.60 crore for the same quarter in the previous year. Total income of the company has increased by 20.05% at Rs 2357.41 crore for quarter under review as compared to Rs 1963.55 crore for the quarter ended March 31, 2013. On the consolidated basis, the group has reported around 7-fold jump in its net profit at Rs 80.83 crore for the quarter ended March 31, 2014 as compared to Rs 11.67 crore for the same quarter in the previous year. Total income of the company has increased by 5.14% at Rs 2202.95 crore for quarter under review as compared to Rs 2095.13 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a fall of 22.32% in its net profit at Rs 344.85 crore as compared to Rs 443.99 crore in the previous year. However, total income of the company has increased by 9.44% at Rs 9441.89 crore for year under review as compared to Rs 8627.27 crore in the previous year. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 17.46% in its net profit at Rs 356.54 crore as compared to Rs 431.99 crore for the same period in the previous year. However, total income of company has increased by 11.09% at Rs 10113.97 crore for year under review as compared to Rs 9103.79 crore in the previous fiscal.