Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Coromandel International rises 6% on strong Q4 numbers

The company board has recommended a final dividend of Rs 3.50 per equity share (representing 350%) on the equity shares of Re 1 each fully paid up for the financial year 2018-19.

April 24, 2019 / 09:57 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of Coromandel International rose 6 percent intraday Wednesday after company reported strong numbers for the quarter ended March 2019.

The company's Q4 net profit rose 23.2 percent to Rs 110.4 crore, while revenue jumped 9.4 percent to Rs 2,638.3 crore.

The operating profit or EBITDA was up 40 percent at Rs 259 crore and margin was up at 9.8 percent.

The company board has recommended a final dividend of Rs 3.50 per equity share (representing 350%) on the equity shares of Re 1 each fully paid up for the financial year 2018-19.


At 09:42 hrs Coromandel International was quoting at Rs 445, up Rs 18.65, or 4.37 percent on the BSE.For more market news, click here

Moneycontrol News
first published: Apr 24, 2019 09:55 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347