Coromandel Fertilisers reports Rs 1087.52 cr sales turnover

Chennai, Oct 18 (UNI) Coromandel Fertilisers reported a Sales turnover Rs.1087.52 crore at the end of second quarter, as against Rs.828.57 crore in the corresponding period last year, representing an increase of 31.2 per cent.

The Q2 results of the company showed that the gross profit before depreciation, interest and taxes for the half-year was Rs.132.57 crore as against Rs.92.16 crore during the same period last year, an improvement of 43.8 per cent.

The Board of Directors of the Company approved a Scheme of Amalgamation of M/s Ficom Organics Limited (Ficom) and its wholly owned subsidiary, M/s Rasilah Investments Limited with Coromandel Fertilisers Limited (CFL) and approved a swap of ratio of 3 (three) Equity Shares of CFL for every 11 (eleven) Equity Shares of Ficom.

This Amalgamation will enable the Company to consolidate the Pesticides business and reap the synergy benefits from the consolidation, a company release said.

UNI GV VV 1838