Net profit of Coromandel International declined 30.79% to Rs 62.43 crore in the quarter ended June 2019 as against Rs 90.21 crore during the previous quarter ended June 2018. Sales declined 15.73% to Rs 2130.74 crore in the quarter ended June 2019 as against Rs 2528.45 crore during the previous quarter ended June 2018.

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The result was announced during market hours today, 23 July 2019.

Meanwhile, the S&P BSE Sensex was up by 30.75 points or 0.08% to 38,061.75.

On the BSE, 21000 shares were traded in the counter so far compared with average daily volumes of 6264 shares in the past two weeks. The stock had hit a high of Rs 372.65 and a low of Rs 361. The stock hit a 52-week high of Rs 591.9 on 12 March 2019 and a 52-week low of Rs 340 on 8 October 2018.

Coromandel International operates in business of fertilizers, specialty nutrients, crop protection and retail. The company is India's second largest phosphatic fertilizer player.

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Coromandel International will hold a meeting of the Board of Directors of the Company on 22 July 2019.

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Coromandel International has received a letter from Gujarat State Pollution Control Board dated 14 June 2019 revoking its earlierclosure notice for one of the company's manufacturing units at Sarigam, Gujarat following a fire accident on 28 January 2019.

The revocation is for a period of three months, and the Company would be submittingthe action taken report as required by GPCB within the stipulated 3 months period to obtainpermanent revocation of the closure notice.

The Company is taking necessary steps to resume operations at its Sarigam unit shortly.

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