Unseasonal rains and cost push pressures have impacted the margins of fertilisers and crop protection products major Coromandel International in the fourth quarter of this financial year.

Though revenues have gone up by 37 per cent, the net profit of the Murugappa group arm has come down in the quarter when compared with the same quarter last year.

The company has registered a consolidated turnover of ₹2,998 crore in the fourth quarter ended March 31, 2015, against ₹2,184 crore in the comparable quarter previous year, showing a growth rate of 37 per cent.

Consolidated net profit after tax for the quarter is put at ₹69 crore against ₹80 crore in the corresponding quarter last year.

V Ravichandran, Vice-Chairman, Coromandel International, said that the fertiliser industry was poised for transformation with the ongoing reforms targeted at balanced use of fertilisers and improvement in soil health conditions.

“Though the unseasonal rains and cost push pressures have impacted margins in the last quarter, with softening in key input raw material prices we expect to sustain our growth momentum,” he said.

The board has recommended a final dividend of ₹2.50 a share with a face value of ₹1. With the interim dividend of ₹2 a share the Board announced earlier, the total dividend is ₹4.50.

For the financial year ended March 31, 2015, company registered a consolidated turnover of ₹11,306 crore, showing a growth of 12 per cent over ₹10,053 crore in the previous financial year.

The consolidated net profit after tax is ₹402 crore (₹365 crore) for the year.

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