Coromandel International share price shines posting stellar Q4 growth

Mumbai: Shares price of Coromandel International rose 6 percent intraday in early trade on Wednesday after stellar numbers being posted by the company for the quarter ended March 2019.

The company’s Q4 net profit rose to Rs 110.4 crore I.e. up 23.2 percent, while its topline jumped 9.4 percent to Rs 2,638.3 crore. Its operating profits (EBITDA) was up 40 percent at Rs 259 crore and margin was up at 9.8 percent.

Also, the company board has recommended a final dividend of Rs 3.50 per equity share which is 350% on the equity shares of Re 1 each for the financial year 2018-19.

At 10:30 hrs Coromandel International was quoting at Rs 442, up Rs 16.30, or 3.82 percent on the NSE.

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