Coromandel International’s Net Profit Up by 54% in June Quarter

Chennai, July 24, 2025 – Coromandel International Ltd’s (NSE: COROMANDEL, BSE: 506395) consolidated net profit rose 54% YoY to ₹501.59 crore in the June quarter. This was  driven by higher volumes across both nutrient and crop protection segments.

The company also announced an acquisition to increase its control in Senegal-based BMCC and a new capex plan in Andhra Pradesh.

Key Consolidated Financial Highlights (₹ in crore)

• Revenue from operations jumped to ₹7,042.3 crore in Q1 FY26, marking a strong 49% year-on-year (YoY) growth and a 41.2% rise quarter-on-quarter (QoQ).
• Total income stood at ₹7,126.04 crore, also up 49% YoY and 39.3% QoQ, reflecting robust momentum across business lines.
• Profit before tax (PBT) came in at ₹677.28 crore, showing a 60.5% YoY increase, though it declined 7.3% QoQ due to sequential cost factors or provisioning.
• Net profit (PAT) rose sharply to ₹501.59 crore, registering a 62.2% YoY jump, but saw a 13.3% decline QoQ compared to ₹578.46 crore in Q4 FY25.
• Basic Earnings Per Share (EPS) for Q1 FY26 stood at ₹17.15, up from ₹10.57 in Q1 FY25, though lower than ₹19.70 in the previous quarter.

Segment-wise Revenue Performance

• The Nutrient & Allied Business delivered a strong performance with revenue of ₹6,351.73 crore in Q1 FY26, up 50.7% year-on-year from ₹4,213.67 crore.
• The Crop Protection segment recorded revenue of ₹724.85 crore, marking a 31.4% YoY growth compared to ₹551.55 crore in the same quarter last year.
• Total consolidated revenue for Q1 FY26 stood at ₹7,076.58 crore, reflecting an impressive 48.5% increase YoY from ₹4,765.22 crore.

Strategic Announcements

Stake Increase in Baobab Mining and Chemicals Corporation (BMCC), Senegal

• Coromandel’s wholly-owned arm Coromandel Chemicals Ltd (CCL) to acquire an additional 17.69% stake in BMCC for USD 7.70 million.
• This takes CCL’s holding from 53.82% to 71.51%.
• BMCC is a key rock phosphate supplier; the move aims to secure raw material for complex fertilizers.
• The acquisition is subject to Government of Senegal’s approval and is expected to complete by Q3FY26.

Capex Plan: Bagging Plant in Kakinada

• Board approved a ₹137 crore investment for a mechanized bagging plant of 3,888 MTPD capacity.
• Project to be completed in 18 months; to reduce third-party bagging reliance and improve logistics efficiency.

Corporate Changes

• Mr. Arulraj K, Sr. Associate VP and Head – Legal, has resigned. His last working day is July 28, 2025.

Management Commentary

Sankarasubramanian S., Managing Director & CEO, stated: “Our Q1 performance reflects robust growth in both nutrient and crop protection segments. Strategic initiatives like increasing stake in BMCC and enhancing bagging capacity at Kakinada will further strengthen our backward integration and operational capabilities.”

Coromandel International Stock Performance

Coromandel International shares closed at ₹2,443, which is a 4.80% gain on July 24, 2025. Coromandel International shares have gained 49% in the last year, 26% in the year-to-date, and 2.26% in the previous month.

The stock opened at ₹2,331.20 and traded between a low of ₹2,316.20 and a high of ₹2,459.70 during the session. Coromandel’s market capitalisation stands at ₹72,090 crore. Over the past 52 weeks, the stock has reached a high of ₹2,548.00 and a low of ₹1,545.65, demonstrating strong upward momentum throughout the year.

About Coromandel International

Coromandel International Ltd, part of the Murugappa Group, is a listed entity on both NSE and BSE. The company is a leading player in India’s agri-input space with a presence across fertilizers, crop protection, and specialty nutrients. It operates globally through subsidiaries in the Americas, Africa, and Asia.

REF:https://nsearchives.nseindia.com/corporate/COROMANDELINT_24072025135112_Outcome_SD.pdf

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