Fertiliser manufacturer Coromandel International will declare its third quarter (October-December) earnings today. Numbers are expected to be very strong, according to the CNBC-TV18 poll of analysts.
Analysts expect consolidated net profit to jump nearly 105 percent year-on-year to Rs 140 crore and net sales to grow 22 percent to Rs 2,920 crore in the quarter ended December 2013.
Operating profit or earnings before interest, tax, depreciation and amortisation may surge 133 percent to Rs 245 crore and margin may expand 400 basis points to 8.5 percent year-on-year.
Analysts feel the sales volume will be higher compared to a year ago period.
Sabero Organics Gujarat, wherein Coromandel International holds 73.26 percent stake, is expected to perform well, analysts say. The company reported a 85 percent growth in Q3 profit at Rs 3.7 crore on revenues of Rs 160.5 crore (up 29.4 percent Y-o-Y).
They expect operating leverage to witness some improvements.
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