Agriculture solutions provider Coromandel International consolidated net profit surged to ₹507.91 crore in the December quarter compared with ₹228.11 crore year earlier.
Sequentially, however, it was decline. For the September quarter, the Murugappa group company had posted ₹659.10 crore net profit. Total income for the third quarter rose almost 28% to ₹7,048.86 crore (₹5,522.69 crore), but was lower compared to ₹7,497.83 crore in the previous quarter.
Interim dividend
The company has declared an interim dividend of ₹6 per equity share (of face value of ₹1 each). It will paid on or after February 19 and the record date for determining the members eligible has been fixed as February 5.
In another decision, the board, at a meeting on Thursday, approved the establishment of a wholly owned subsidiary in The Netherlands at an investment of up to €1,00,000.
Published – January 30, 2025 07:41 pm IST
