India's Coromandel International falls on Q2 profit drop

Coromandel International

25/10/2024 06:24

** Coromandel International  CORF.NS  falls as much as 4.9%
to 1,560.30 rupees
    ** Agricultural chemicals maker posts 12.3% drop in Q2
consolidated PAT y/y
    ** Rev from ops rose 6.4%, but was outdone by 9.3% rise in
total expenses on higher costs of raw materials
    ** Trading vol same as the 30-day avg of 369,281 shares
    ** Stock rated "buy" on avg; median PT is 1,904 rupees -
LSEG
    ** CORF last down 3.3%, trimming YTD gains to 26.7%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))