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Coromandel International Results: Latest Quarterly Results & Analysis

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Coromandel International Ltd. 30 Oct 2025 17:26 PM

Q2FY26 Quarterly Result Announced for Coromandel International Ltd.

Fertilizers company Coromandel International announced Q2FY26 results

Q2FY26 Consolidated Financial Highlights:

  • Total income for Q2FY26 was at Rs 9,771 crore vs Rs 7,498 crore for Q2FY25.
  • Profit after tax for the quarter was at Rs 793 crore as against Rs 659 crore for Q2FY25.

Q2FY26 Standalone Financial Highlights:

  • Total Income in Q2FY26 was at Rs 9,513 crore vs Rs 7,509 crore Q2FY25, registering a growth of 27%.
  • EBITDA for Q2FY26 was Rs 1,147 crore vs Rs 983 crore in Q2FY25, registering a growth of 17%.
  • PAT for Q2FY26 was Rs 816 crore vs Rs 696 crore in Q2FY25, registering a growth of 17%.

S. Sankarasubramanian – MD & CEO, Coromandel International, said: “With favourable monsoons and a strong agrarian sentiment across key markets, the Company proactively expanded its sales and distribution efforts to ensure timely availability of fertilisers to farmers. Coromandel’s fertiliser plants operated at full capacity and grew sales volumes by 17% in H1 by expanding its presence in existing and new markets, thereby consolidating its position as market leaderin phosphatics. The croreop Protection business delivered a resilient performance, driven by strong growth in technical sales in global markets and healthy traction in domestic formulations segment. The business expanded its product portfolio, launching several new products during H1.

The Retail business continued its steady expansion, adding around 100 new stores during Q2 and crossed the landmark of 1,000 stores. The company has also announced plans to setup a water-soluble MAP fertiliser facility.”

Result PDF

Fertilizers company Coromandel International announced Q1FY26 results

  • Total income for Q1FY26 was at Rs 7,126 crore vs Rs 4,783 crore for Q1FY25.
  • Profit after tax for Q1FY26 was at Rs 502 crore as against Rs 309 crore for Q1FY25.

S Sankarasubramanian, Managing Director & CEO, Coromandel International, said: "Coromandel made a strong beginning to the season, registering growth across the businesses, driven by procurement efficiencies, operational excellence and effective marketing initiatives. Performance was aided by an early monsoon onset that resulted in higher crop sowings and improved agri inputs consumption.”

Result PDF

Fertilizers company Coromandel International announced Q3FY25 results

Standalone Financial Highlights:

  • Total Income in Q3FY25 was at Rs 7,038 crore vs Rs 5,510 crore for Q3FY24, registering a growth of 28%.
  • EBITDA for Q3FY25 was Rs 727 crore vs Rs 358 crore for Q3FY24, registering a growth of 103%.
  • PAT for Q3FY25 was Rs 525 crore vs Rs 243 crore for Q3FY24, registering a growth of 116%

Consolidated Financial Highlights:

  • Total income for Q3FY25 was at Rs 7,049 crore vs Rs 5,523 crore for Q3FY24.
  • The profit after tax was at Rs 508 crore as against Rs 228 crore in Q3FY24.

S. Sankarasubramanian, Managing Director & CEO, Coromandel International, said: “We are pleased to report robust performance in Q3 FY25, driven by strong sales volumes in Nutrients and crop protection segments, operational excellence across businesses and continued execution of our strategic initiatives. This was further aided by strong tailwinds such as good monsoon, higher reservoir levels and increased crop sowing in our target markets. Recovery in global agrochemicals market, coupled with strong performance of innovative, in-licensing products have supported growth in Crop Protection segment. We are promoting sustainable agricultural practices to drive resource efficiency and balanced nutrition and are progressing well in our efforts to scale up Nano products and drone based spraying services.

The recent Bhumi Pooja for the new 750,000 MT per annum of NPK granulation train at Kakinada marks another significant milestone in our journey to strengthen fertiliser manufacturing capabilities. This project, alongside the ongoing Phosphoric Acid and Sulphuric Acid plants at Kakinada, is progressing well and is expected to bolster our domestic phosphatic fertiliser capacities. These developments also align with Government’s vision of Aatmanirbhar Bharat in phosphatic fertilizers and reduce dependency on imports.

We have received the Board’s approval to enhance Technical pesticide capacity and this underscores our commitment to expand Coromandel’s presence in the crop protection segment. The investment complements our recent expansion initiative at Ankleshwar for setting up a Multi-Product Plant, and reinforces our focus on creating a diversified and future-ready crop protection portfolio.

As we scale our retail network beyond southern states and adopt innovative technologies like drones for precision farming, we remain committed to empowering farmers with advanced agri solutions. With favourable agricultural conditions and increasing adoption of our products, we are confident of sustaining our growth momentum in the quarters ahead.”

Result PDF

Fertilizers company Coromandel International announced Q2FY25 results

  • Total Income in Q2FY25 was at Rs 7,509 crore vs Rs 7,031 crore for Q2FY24.
  • EBITDA for Q2FY25 was Rs 983 crore vs. Rs 1,064 crore for Q2FY24.
  • PAT for Q2FY25 was Rs 696 crore vs Rs 762 crore in Q2 for Q2FY24.
  • Total Income in H1FY25 was at Rs 12,277 crore vs Rs 12,771 crore for H1FY24.
  • EBITDA for H1FY25 was Rs 1,490 crore vs. Rs 1,774 crore for H1FY24.
  • PAT for H1FY25 was Rs 1,027 crore vs Rs 1,267 crore for H1FY24.

Sankarasubramanian S, Managing Director & CEO, Coromandel International, said: “Company registered a healthy performance in Q2, led by higher sales volumes and improved operational efficiencies across the businesses. The company continues to make sequential recovery quarter on quarter, despite lower subsidy rates and firming up of raw material prices. Favourable agricultural environment like above normal monsoon and higher crop sowing supported agri inputs consumption. During the quarter, fertiliser business of the company increased its primary sale volumes by 13% and improved its consumption share to 20%.

The company has taken steps to secure its backend supply chain and has been setting up intermediate capacities over the past few years, besides foraying into mining at Senegal. In January 2024, we had announced Sulphuric acid (2000 TPD) and Phosphoric acid (650 TPD) plants at Kakinada and the projects are progressing as per plan and are likely to be commissioned by early 2026, thereby making all of the company’s fertiliser manufacturing sites backward integrated and reducing their dependence on imports.

The Board’s approval for expanding its Phosphatic fertiliser capacity by 7.5 lakh tons is in line with the Government’s Atmanirbhar Bharat initiative of achieving self-sufficiency in phosphatic fertilisers space. This expansion will make Kakinada plant one of the largest fertiliser manufacturing sites in India, cementing Coromandel’s leadership in the fertiliser sector. This brownfield expansion is expected to come up in two years’ time and will help in substituting DAP imports, especially in the northern markets, thereby increasing balanced nutrition through NPK fertiliseRs

Crop Protection segment exhibited a strong performance, driven by increased sale of new products in domestic formulations. Board’s approval today for setting up a new Multi-Product Plant is in line with our growth aspirations in the crop protection space. The plant is likely to be commissioned in 18 months’ time and will enhance company’s product portfolio, especially in the global markets.

Company continues to expand its Retail footprint and has opened 45 new stores during the first half of the year. Company is scaling up its drone spraying services to the farmers and has covered ~40,000 acres during the first half of the year.

With improved reservoir levels and forecast of above normal north-east monsoons, we expect the growth momentum to continue in the coming quarteRs”

Result PDF

Fertilizers company Coromandel International announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Standalone:

  • Total Income in Q4 was at Rs 4,027 crore vs Rs 5,519 crore in Q4 of previous year, registering a decline of 27%.
  • EBITDA for Q4 was Rs 269 crore vs Rs 399 crore in Q4 of previous year, registering a decline of 33%.
  • PAT for Q4 was Rs 209 crore vs Rs 262 crore in Q4 of previous year, registering a decline of 20%.

Consolidated:

  • Total income for the quarter ended March 2024 was at Rs 3,996 crore vs. Rs 5,523 crore for the quarter ended March 2023.
  •  The profit after tax for the quarter was at Rs 164 crore as against Rs 246 crore for the quarter ended March 2023.

FY24 Financial Highlights:

Standalone:

  • Total Income for the year ended 31st March 2024 was at Rs 22,308 crore vs Rs 29,784 crore over previous year, registering a decline of 25%.
  • EBITDA was Rs 2,401 crore vs Rs 2,918 crore in previous year, registering a decline of 18%.
  • PAT was Rs 1,719 crore vs Rs 2,035 crore in previous year, registering a decline of 16%.

Consolidated:

  • Coromandel’s total income for FY23-24 was at Rs 22,290 crore vs. Rs 29,799 crore in the previous year. 
  • The profit after tax for the year was at Rs 1,641 crore as against Rs 2,013 crore in the previous year.

Commenting on the financial results, Mr. Arun Alagappan, Executive Vice Chairman, Coromandel International said, "FY2023-24 was marked by a challenging business environment as sub normal monsoons and lower reservoir levels in Coromandel’s key operating markets impacted the agri-inputs consumption. Further, the sharp corrections in subsidy rates in second half of the year coupled with global headwinds in Crop Protection resulted in margin pressure. Despite this, Coromandel adapted well to register a satisfactory performance and has taken progressive steps to strengthen its operations during the year. Fertilizer Plants operated at higher capacity at 95% levels and improved its backward integration capabilities. Crop Protection registered a strong 20% volume growth across the international and domestic markets and plans to introduce new molecules through captive and in-licensing arrangements. Retail stores improved its farm level outreach and is expanding its footprint in new markets in FY25. Company has also scaled up its drone spraying services and during the year covered 25000 acres.

As part of its diversification strategy, the Company forayed into Speciality chemicals by leveraging its existing infrastructure and continued its engagement on CDMO opportunity. Investment in drone company Dhaksha is progressing well with a strong order book of around Rs 250 crores from Defence and Agriculture segments.

Going forward, the company is committed to strengthen its core businesses and invest in novel technologies and adjacent opportunities. The forecast of an above normal monsoon and correction in NBS rates bodes well for the industry and we expect the market fundamentals to improve in the coming period."

Result PDF

Fertilizers company Coromandel International announced Q4FY23 & FY23 results:

  • Standalone Q4FY23:
    • Income in Q4FY23 was at Rs 5,519 crore compared with Rs 4,294 crore in Q4FY22, a growth of 29%
    • EBITDA for Q4FY23 was Rs 399 crore, a growth of 47% over Q4FY22
    • PAT for Q4FY23 was Rs 262 crore vs Rs 183 crore in Q4FY22, growth of 43% YoY
  • Standalone FY23:
    • Income for FY23 was at Rs 29,784 crore compared with Rs 19,231 crore of FY22, growth of 55%
    • EBITDA for FY23 was Rs 2,918 crore vs. Rs 2,036 crore in FY22
    • PAT for FY23 was Rs 2,035 crore vs Rs 1,412 crore in FY22, registering a y/y growth of 44%
  • Consolidated Q4FY23:
    • Income for Q4FY23 was at Rs 5,523 crore vs. Rs 4,304 crore for Q4FY22
    • Profit after tax for Q4FY23 was at Rs 246 crore as against Rs 290 crore for Q4FY22
  • Consolidated FY23:
    • Income for FY23 was at Rs 29,799 crore vs. Rs 19,255 crore in FY22
    • Profit after tax for FY23 was at Rs 2,013 crore as against Rs 1,528 crore in FY22
  • The Board has recommended a final dividend of Rs 6 per share for FY23

Commenting on the financial results, Arun Alagappan, Executive Vice Chairman, Coromandel International said: During the financial year 2022-23, Coromandel delivered a robust performance, registering strong growth in turnover and profitability with its diversified portfolio of Nutrients, croreop Protection, Bio Products and Retail business.

During the year, Coromandel strengthened its backward integration capabilities in the Nutrient’s business by acquiring 45% shareholding in Rock Phosphate mining company in Senegal. Major capital expenditure projects like sulphuric acid plant and desalination plant are progressing well as per schedule.

In the croreop Protection business, the company started manufacturing Technicals from its newly commissioned multi-purpose plant at Ankleshwar. It further plans to bolster its manufacturing capabilities via greenfield expansion. The company also intends to leverage its technical expertise, manufacturing infrastructure, and capabilities to foray into adjacencies like the CDMO domain and specialty chemicals.

The company continued its focus on new product development and has been granted 14 patents during the year. The company successfully developed NANO DAP and has received necessary regulatory approvals for the same. It launched 9 new products across its various SBUs during the year, including a pre-emergent herbicide which was launched during the quarter. The company invested in 3 ag-tech start up companies during the year and continues to promote adoption of agri-technology solutions with the farmers.

Indian Economy continues to progress well. The healthy reservoir levels and good soil moisture conditions could offset the likely El Nino impact during the upcoming Kharif season and efforts are underway to mitigate any adverse impact of below-normal monsoons. As a leading Agri solutions provider, Coromandel will continue to promote integrated farm practices and bring prosperity to the farming community”.

 

 

Result PDF

Fertilizers firm Coromandel International announced Q3FY23 results:

  • Standalone Q3FY23:
    • Total Income in Q3 was at Rs 8,350 crore compared with Rs 5,101 crore during the same period the previous year, registering a growth of 64% over the previous year.
    • EBITDA for Q3 was Rs 781 crore, a growth of 44% over Q3 of the previous year.
    • PAT for Q3 was Rs 539 crore vs Rs 379 crore in Q3 of the previous year, registering a YoY growth of 42%.
    • Total Income for nine months period ended 31st Dec 2022 was at Rs 24,265 crore compared with Rs 14,937 crore of the same period the previous year, registering a growth of 62% over the previous year.
    • EBITDA for nine months was Rs 2,519 crore vs Rs 1,764 crore in the previous year.
    • PAT for nine months was Rs 1,773 crore vs Rs 1,229 crore of the previous year, registering a YoY growth of 44%.
  • Consolidated Q3FY23:
    • Coromandel’s total income for the quarter ended December 2022 was at Rs 8,349 crore vs Rs 5,100 crore for the quarter ended December 2021.
    • The profit after tax for the quarter ended December 2022 was at Rs 527 crore as against Rs 382 crore for the quarter ended December 2021.

Commenting on the financial results, Mr. Arun Alagappan, Executive Vice Chairman, Coromandel International Ltd. said: "Overall, the agricultural environment remained favourable in most of the key operating markets with the above average monsoon, normal crop sowing and favourable policies from the Government aiding better availability of agri inputs.

Coromandel delivered an excellent performance during the quarter registering good growth in revenue and profitability which will help its further investments in Agribusiness.

Record volume sales in NPKs and higher subsidy realisation in the Nutrients business primarily led to increase in the revenue during the quarter. In Crop Protection business, Domestic formulation and B2B business grew during the quarter which was offset with headwinds faced in the export markets. Plants continued to operate efficiently and key capex projects for capacity expansion and backward integration are progressing as per schedule.

During the quarter, Company launched ‘Gardina’ a Speciality Nutrient product in the urban garden segment and ‘Azamax’ a bioinsecticide. The Crop Protection business continues to focus on refreshing its portfolio, new products launched in earlier quarters have received encouraging responses from the market and are doing well exceeding our estimates. 2 new technical & 3 new formulations are planned to be introduced in the 4th quarter which will further strengthen its offerings. Company continues to promote ag-tech solutions with farmers and plans to scale up drone applications after successful pilot tests.

Indian Economy continues to progress well and Agriculture is in the bright spot. As a leading Agri solutions provider, Coromandel will continue to promote integrated farm practices and bring prosperity to the farming community”.

 

 

Result PDF

Fertilizers company Coromandel International announced Q2FY23 results:

  • Standalone:
    • Total Income in Q2FY23 was at Rs. 10,140 crore compared with Rs. 6,160 crore in the same period Q2FY22, registering a growth of 65% over Q2FY22.
    • EBITDA for Q2FY23 was Rs. 1,055 crore, a growth of 42% over Q2 of over Q2FY22.
    • PAT for Q2FY23 was Rs. 738 crore vs Rs. 520 crore in Q2FY22, registering a YoY growth of 42%.
    • Total Income in H1FY23 was at Rs. 15,916 crore compared with Rs. 9,837 crore in the same period Q2FY22, registering a growth of 62% over Q2FY22.
    • EBITDA for H1FY23 was Rs. 1,738 crore, a growth of 42% over H1FY22.
    • PAT for H1FY23 was Rs. 1,234 crore vs Rs. 850 crore in H1FY22, registering a YoY growth of 45%.

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. said, "Coromandel delivered robust growth in revenue during the quarter, primarily led by high subsidy and MRP in the Nutrients business and volume-led growth in others. The agricultural environment remained favourable in most of the key operating markets with above average monsoon, normal crop sowing coupled with favourable policies from the Government.

Smart sourcing ensured the timely availability of key raw materials and the plants operated at higher capacity and improved efficiencies. Major infrastructure projects for capacity expansion and backward integration as part of the Atmanirbhar Bharat initiative are progressing as per schedule. The Company has opened 54 Pradhan Mantri Kisan Samruddhi Kendra (PMKSK) in the key agriculture districts in six States to drive balanced nutritional practices and help the farmers to increase their productivity. This will supplement our direct reach with the farming community in addition to our ~750 retail outlets.

During the quarter, Company launched the liquid fertiliser ‘Acumist Calcium’, a Speciality Nutrient product. The 4 new products launched in the Crop Protection business in Q1 have received encouraging responses from the market. During the year, the Crop Protection business has received 5 patent registrations for novel combinations developed by our R&D team. The Company continues to work on a promising product pipeline and has plans for further launches in the upcoming period. The Company has invested in ‘Daksha’, a Drone manufacturing company and has successfully done pilot trials at the farmer’s fields for our Nutrient and Crop Protection products.

With the timely onset of the North-East Monsoon, higher reservoir levels, residual soil moisture and softening commodity prices, we expect a favourable business environment in the upcoming Rabi season. As a leading Agri solutions provider, we will continue to drive farm productivity and bring prosperity to the farming community”

Result PDF

Fertilizers firm Coromandel International Announced Q1FY23 Result :

  • Total Income in Q1 was at Rs.5,776 Cr compared with Rs.3,677 Cr of same period previous year, registering a growth of 57% over previous year.
  • EBITDA for Q1 was Rs.683 Cr registering growth of 42% over Q1 of previous year.
  • PAT for Q1 was Rs.496 Cr vs Rs. 329 Cr in Q1 of previous year registering a YoY growth of 50%
  • Coromandel’s total income for the quarter was at Rs.5,783 Cr as against Rs. 3,686 Cr in the corresponding quarter of the previous year. The profit after tax for the quarter was at Rs. 499 Cr as against Rs.338 Cr in the corresponding quarter of the previous year.

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. “Coromandel registered a strong performance in Q1 with a 57% revenue growth over the same quarter last year, with growth in both nutrient and crop protection businesses due to high price of raw materials. The company focused on leveraging the operational efficiencies at the plants, smart sourcing enabled timely availability of raw materials and marketing efforts backed by agronomist activities ensured meeting the agricultural needs of the farming community. During the quarter, the company launched 4 new products in the Crop Protection Segment which have been well received by the farmers. Further, the company’s R&D team has developed a rich product pipeline of technically superior products which are planned to be introduced during the year. The company is successfully conducting drone spraying trials in the farmer’s fields with speciality nutrition and crop protection products.

The company’s capital expansion program is on track with the proposed Sulphuric Acid plant at Vizag and is building a multi-Purpose plant for Crop protection. The investment in the mining company, BMCC, Senegal through its 100% subsidiary Coromandel Chemicals Ltd is expected to be completed in the coming quarter which will help in securing our critical phosphate rock needs. The company through its 100% subsidiary, Dare Ventures Limited, invested in two Agri start-ups EcoZen and String Bio.

We are witnessing adequate monsoon coverage and higher reservoir levels which augers well for Indian agriculture in our key operating markets. We are ensuring timely availability of agri-inputs to the farming community through our dealers and our Retail outlets. Coromandel, with its diversified presence across the agri value chain, will continue to provide Balanced Nutrition and Integrated Pest Management solutions to maximise farm productivity.”

Result PDF

Fertilizers firm Coromandel International declares Q4FY22 result:

  • Total Income in Q4 was at Rs. 4,294 Cr compared with Rs. 2,860 Cr of same period previous year, registering a growth of 50% over previous year.
  • EBITDA for Q4 was Rs. 272 Cr registering an increase of 20% over Q4 of previous year.
  • PAT for Q4 was Rs. 183 Cr vs Rs. 156 Cr in Q4 of previous year registering a YoY growth of 17%
  • Total Income for the year ended 31 st March 2022 was Rs. 19,231 Cr compared with Rs. 14,231 Cr of same period previous year, registering a growth of 35% over previous year.
  • EBITDA for FY 21-22 was Rs. 2,036 Cr vs. Rs. 1,970 Cr in previous year, registering an increase of 3% over previous year.
  • PAT for FY 21-22 was Rs. 1,412 Cr vs Rs. 1,313 Cr of previous year registering a YoY growth of 8%
  • Coromandel’s total income for the quarter was at Rs. 4,304 Cr as against Rs. 2,872 Cr in the corresponding quarter of the previous year. The profit after tax for the quarter was at Rs. 290 Cr as against Rs. 156 Cr in the corresponding quarter of the previous year.
  • Coromandel’s total income for FY 21-22 was at Rs. 19,255 Cr as against Rs. 14,257 Cr in the corresponding period of the previous year. The profit after tax was at Rs. 1,528 Cr as against Rs. 1,329 Cr in the previous year.

Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. said “During the financial year 2021-22, Agri sector registered a strong performance with record food grain production and agri-exports. This was helped by a 3rd consecutive year of good monsoons leading to high crop sowings during the year. Coromandel showed a resilient performance with its diversified portfolio of Phosphatic Fertilizer, Single Super Phosphate, Crop Protection, Bio Pesticide, Specialized Nutrition including Organic fertiliser promoted balanced nutrition and integrated pest management with the help of its strong dealer network, nutriclinics and rural Retail centres.

The Company ensured the timely availability of critical agri-inputs including Fertilizer despite the tight raw material situation, leveraging its long-term contracts with the suppliers and backward integration. The Company has embarked upon a digital transformation journey which will help in further improving efficiency by using real-time data and analytics in decision making across the value chain. The Company continues to invest in Supply Chain, Manufacturing excellence, R&D, New product development, Digital marketing & Branding. During the year, the Government has worked closely with the industry on policy reforms and supported it through timely subsidy disbursement.

Healthy reservoir levels, good soil moisture conditions and forecast of a normal-monsoon augers well for Indian agriculture for the ensuing Kharif season. Coromandel will leverage its strong presence in the agri-inputs space and continue to work closely with the Government and the farming community to ensure availability and providing sustainable farming solutions to enhance farm productivity.”

 

Result PDF

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