Coromandel Intl Q2 net down 16% to Rs 237cr, above forecast

Coromandel International  's consolidated net profit fell lower than expected 16 percent to Rs 237 crore in the quarter ended September 2012 from Rs 282.4 crore in a year ago period.

Consolidated total income too came in higher than expected at Rs 2,675 crore, down 4 percent compared to Rs 2,793.4 crore in the corresponding quarter of last fiscal.

Analysts on an average had expected net profit of Rs 197 crore on total income of Rs 2,583 crore.

At 14:41 hours IST, the share rose 1.26 percent to Rs 290.40 amid high volumes on the Bombay Stock Exchange.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal 
Head Dealer 
DENIP Consultants Pvt Ltd