Coromandel Fertiliser has announced its financial results for Q1 of the fiscal year 2010-11. According to the report, it has registered a mammoth net profit rise. Coromandel Fertiliser is a part of the $3 billion Murugappa Group.

Coromandel Fertiliser has informed that it has posted a net profit of Rs 120.06 crore for the quarter that ended in 30th June, 2010 which is almost 134.7% of the net profit figure of the similar quarter in the last fiscal. The company has registered a net profit of Rs 51.14 crore in the same quarter in the previous year.

Coromandel Fertiliser has informed this in a filing at the Bombay Stock Exchange. The annual net profit of the company is found out to be Rs 467.68 crore for the fiscal 2009-10.

However there has been a decline in the total income of the company in the June quarter of the year. The company's total income has been reported to be Rs 1,552.82 crore against Rs 1,603.10 crore from its first quarter last year.