Coromandel International announced that CRISIL has reaffirmed their rating for the debt programme of the company -

Commercial paper programme - CRISIL A1+
Long term rating - CRISIL AA+/ Stable
Short term rating - CRISIL A1+

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The result was announced after market hours yesterday, 21 January 2019.

Meanwhile, the S&P BSE Sensex was down 220.95 points, or 0.6% to 36,358.01

On the BSE, 4,946 shares were traded in the counter so far, compared with average daily volumes of 4,535 shares in the past two weeks. The stock had hit a high of Rs 431.20 and a low of Rs 412.80 so far during the day.

Profit before depreciation, interest, taxes and exceptional item (EBITDA) for the quarter was Rs 305 crore in Q3 December 2018 from Rs 327 crore in Q3 December 2017.

Commenting on the financial results, Sameer Goel - Managing Director, Coromandel International, said the company continued to strengthen its marketing and branding initiatives, gaining significant market share and improving its customer reach.

Coromandel International, India's second largest phosphatic fertiliser company, is in the business of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail.

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Net profit of Coromandel International declined 14.49% to Rs 154.32 crore in the quarter ended December 2018 as against Rs 180.47 crore during the previous quarter ended December 2017. Sales rose 11.50% to Rs 3049.47 crore in the quarter ended December 2018 as against Rs 2734.90 crore during the previous quarter ended December 2017.

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Coromandel International announced that interim dividend will be paid on or after 06 February 2019.

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