Agricultural solutions provider Coromandel International has reported an almost 35% increase in consolidated net profit to Rs.337.78 crores for the period ended June 30, 2021 as against net profit of Rs.155.85 crores for the period ended March 31, 2021. The strong performance is due to the higher sales.

The company posted net profit of Rs.250.57 crores for the period ended June 30, 2020.

Coromandel International has reported total income of Rs.3685.62 crores during the period ended June 30, 2021 as compared to Rs.2871.72 crores during the period ended March 31, 2021. The company reported total income Rs.3223.92 crores during the period ended June 30, 2020.

The healthy show was driven by strong revenue growth in the crop protection business and sustained performance in the nutrient and allied businesses, Sameer Goel, MD, said.

With the forecast of normal monsoon for third consecutive year and good reservoir levels in key markets, the company expects good traction during the ongoing Kharif season, he said.