Coromandel Agro Products
0.58
+0.58(0.00%)
Market Cap₹0.20 Cr
PE Ratio-
IndustryFMCG
Company Performance:
1D0.00%
1M0.00%
6M0.00%
1Y0.00%
5Y0.00%
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Latest news about Coromandel Agro Products
Coromandel Agro Products Reports 878% Surge in Q1 Net Profit Despite Revenue Decline 7 days ago
Coromandel Agro Products & Oils Limited reported a significant increase in net profit for Q1 FY2024, rising 878% to Rs. 245.28 lakhs despite a 21.5% decrease in revenue to Rs. 1,782.69 lakhs. The company's EPS grew to Rs. 31.05 from Rs. 3.17. This performance was driven by improved operational efficiency and strong cost management, with total expenses down 31.3%. The seed processing division saw a 383.7% increase in profit despite lower revenue. The company's financial position strengthened with increased cash reserves and reduced liabilities. A final dividend of Rs. 2 per share was proposed, and new independent directors were appointed to enhance corporate governance.