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Coromandel International trades marginally in green despite registering losses in Q1FY13

24 Jul 2012 Evaluate

Coromandel International is currently trading at Rs. 245.20, up by 0.25 points or 0.10% from its previous closing of Rs. 245.75 on the BSE.

The scrip opened at Rs. 248.00 and has touched a high and low of Rs. 252.25 and Rs. 245.05 respectively. So far 3367 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 345.90 on 27-Jul-2011 and a 52 week low of Rs. 239.05 on 23-Jul-2012.

Last one week high and low of the scrip stood at Rs. 255.95 and Rs. 239.05 respectively. The current market cap of the company is Rs. 6934.69 crore.

The promoters holding in the company stood at 63.88% while Institutions and Non-Institutions held 15.15% and 20.97% respectively.  

Coromandel International has reported results for first quarter ended June 30, 2012.

The company has registered a fall of 19.62% in its net profit at Rs 128.09 crore for the quarter under review as compared to Rs 159.35 crore for the same quarter in the previous year. The total income of the company has decreased marginally by 2.46% at Rs 1770.85 crore for Q1FY13 as compared Rs 1815.48 crore for the corresponding quarter previous year.

On consolidated basis, the group’s net profit after taxes and minority interest declined by 27.59% to Rs 115.05 crore for the Q1FY13 as compared to Rs 158.89 crore in Q1 FY12. However, the total income rose 3.15% to Rs 1872.91 crore in the quarter under review as compared to Rs 1815.67 crore in the corresponding previous quarter.

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