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Higher sales pushed up fertiliser maker Coromandel International’s consolidated net profit for the quarter ended December 31 by 20 per cent to touch Rs 115 crore.
The company’s net profit for the corresponding quarter of last fiscal was Rs 96 crore.
During the quarter, its consolidated turnover rose to Rs 2962 crore, up from Rs 2756 crore in the year-ago period.
Kapil Mehan, Managing Director, said the company could increase its market share in the complex fertiliser space. The integrated crop protection business, with the merger of Sabero, will help the company to expand its footprint in this market, he added.
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