Coromandel International Ltd’s standalone net profit declined 19.4 per cent at Rs 128 crore in the first quarter ended June 30, 2012, compared with Rs 159 crore in the year-ago period.
The total revenue of the Hyderabad-based company too declined 2.4 per cent at Rs Rs 1,753 crore (Rs 1,796 crore), the company informed the Bombay Stock Exchange.
The earnings per share stood at Rs 4.52 (Rs 5.61).
On a consolidated basis, the net profit was down at Rs 115 crore (Rs 158 crore).
The Board of Directors of the company today decided to issue and allot 28,28,17,658 (9 per cent) unsecured, redeemable, non-convertible bonus debentures of Rs 15 each in terms of the scheme of approval by the Andhra Pradesh High Court.
Coromandel’s stock declined 1.34 per cent to end at Rs 245.75 on the Bombay Stock Exchange on Monday.