Net sales (including other operating income) of Coromandel International has increased 27.49% to Rs 4988.39 crore. Sales of Nutrient & Other Allied Business segment has gone up 28.21% to Rs 4,320.95 crore (accounting for 86.08% of total sales). Sales of Crop Protection segment has gone up 23.80% to Rs 698.72 crore (accounting for 13.92% of total sales). Inter-segment sales rose Rs 21.91 crore to Rs 31.28 crore.
Profit before interest, tax and other unallocable items (PBIT) has jumped 26.64% to Rs 398.44 crore.
PBIT of Nutrient & Other Allied Business segment rose 18.21% to Rs 297.33 crore (accounting for 74.62% of total PBIT). PBIT of Crop Protection segment rose 60.21% to Rs 101.11 crore (accounting for 25.38% of total PBIT). PBIT margin of Nutrient & Other Allied Business segment fell from 7.46% to 6.88%.
PBIT margin of Crop Protection segment rose from 11.18% to 14.47%. Overall PBIT margin fell from 8.00% to 7.94%. Operating profit margin has jumped from 6.98% to 8.56%, leading to 56.37% rise in operating profit to Rs 426.91 crore.
Raw material cost as a % of total sales (net of stock adjustments) decreased from 67.38% to 60.36%. Purchase of finished goods cost rose from 6.98% to 11.65%. Employee cost decreased from 4.00% to 3.95%. Other expenses rose from 15.23% to 15.97%. Selling and administration expenses rose from 5.85% to 6.03%. Other income rose 49.71% to Rs 125.05 crore.
PBIDT rose 54.81% to Rs 551.96 crore. Provision for interest rose 6.72% to Rs 65.87 crore. Loan funds rose to Rs 780.38 crore as of 31 March 2025 from Rs 492.12 crore as of 31 March 2024. Inventories rose to Rs 4,769.91 crore as of 31 March 2025 from Rs 4,612.50 crore as of 31 March 2024. Sundry debtors were higher at Rs 2,882.73 crore as of 31 March 2025 compared to Rs 2,770.67 crore as of 31 March 2024. Cash and bank balance rose to Rs 3,538.34 crore as of 31 March 2025 from Rs 2,973.01 crore as of 31 March 2024. Investments rose to Rs 1,030.76 crore as of 31 March 2025 from Rs 853.75 crore as of 31 March 2024 . PBDT rose 64.87% to Rs 486.09 crore.
Provision for depreciation rose 35.60% to Rs 85.4 crore. Fixed assets increased to Rs 4,250.30 crore as of 31 March 2025 from Rs 3,062.24 crore as of 31 March 2024. Intangible assets stood at Rs 284.93 crore. Profit before tax grew 72.82% to Rs 400.69 crore.
Share of profit/loss was 63.94% lower at Rs -16.64 crore. Provision for tax was expense of Rs 152.36 crore, compared to Rs 57.79 crore. Effective tax rate was 20.85% compared to 26.07%. Net profit attributable to owners of the company increased 261.59% to Rs 579.67 crore.
Equity capital increased from Rs 29.44 crore as of 31 March 2024 to Rs 29.46 crore as of 31 March 2025.
Per share face Value remained same at Rs 1.00. Promoters' stake was 56.96% as of 31 March 2025 ,compared to 57.32% as of 31 March 2024.
Commenting on the financial results, Mr. S Sankarasubramanian, Managing Director & CEO, Coromandel International Limited:
We are pleased to report a strong performance for FY24-25, driven by sustained momentum across our businesses. Our growth was supported by higher sales volumes, improved operational efficiency, and
disciplined execution of strategic initiatives. Our Nutrient and Crop Protection segments witnessed robust growth, complemented by encouraging farmer response to our new initiatives like Gromor Drive ' Agri drone spraying and Nano fertilisers. The Retail business expanded its footprint with 100 new stores and entry into Maharashtra and Tamil Nadu, crossing the 900-store mark. On the manufacturing front, rock production at our mining site BMCC, Senegal stabilised, and we increased our stake to 53.8%. The upcoming Phosphoric acid and sulphuric acid project at Kakinada is progressing as per plan and will be commissioned early next year. Alongside this, the setting up of the new Granulation Train at Kakinada aligns with our commitment to ensure availability of high-quality NPK fertilisers to the farming community across India. These projects are aligned with our vision of achieving greater self-reliance in phosphatic fertilisers and building a more resilient, integrated supply chain. In Crop Protection, capacity enhancements at Dahej and the new plant at Ankleshwar are building scale, while the NACL acquisition will expand our product portfolio and market presence internationally. With strong fundamentals and a committed team, we are confident of sustaining growth and contributing meaningfully to Indian agriculture and the Aatmanirbhar Bharat vision
Full year results analysis
Net sales (including other operating income) of Coromandel International has increased 9.19% to Rs 24085.24 crore.
Sales of Nutrient and Other Allied Business segment has gone up 9.49% to Rs 21,652.28 crore (accounting for 89.14% of total sales). Sales of Crop Protection segment has gone up 7.31% to Rs 2,637.05 crore (accounting for 10.86% of total sales). Inter-segment sales rose Rs 174.21 crore to Rs 204.09 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 4.60% to Rs 2,569.05 crore.
PBIT of Nutrient and Other Allied Business segment rose 1.83% to Rs 2,205.77 crore (accounting for 85.86% of total PBIT). PBIT of Crop Protection segment rose 25.36% to Rs 363.28 crore (accounting for 14.14% of total PBIT). PBIT margin of Nutrient and Other Allied Business segment fell from 10.95% to 10.19%.
PBIT margin of Crop Protection segment rose from 11.79% to 13.78%. Overall PBIT margin fell from 11.05% to 10.58%. Operating profit margin has jumped from 10.87% to 10.91%, leading to 9.57% rise in operating profit to Rs 2,628.32 crore.
Raw material cost as a % of total sales (net of stock adjustments) decreased from 60.60% to 53.61%. Purchase of finished goods cost rose from 14.43% to 20.52%. Employee cost increased from 3.12% to 3.26%. Other expenses rose from 11.11% to 11.70%. Selling and administration expenses rose from 5.21% to 5.58%. Other income rose 55.05% to Rs 358.72 crore.
PBIDT rose 13.57% to Rs 2987.04 crore. Provision for interest rose 40.66% to Rs 262.43 crore. Loan funds rose to Rs 780.38 crore as of 31 March 2025 from Rs 492.12 crore as of 31 March 2024. Inventories rose to Rs 4,769.91 crore as of 31 March 2025 from Rs 4,612.50 crore as of 31 March 2024. Sundry debtors were higher at Rs 2,882.73 crore as of 31 March 2025 compared to Rs 2,770.67 crore as of 31 March 2024. Cash and bank balance rose to Rs 3,538.34 crore as of 31 March 2025 from Rs 2,973.01 crore as of 31 March 2024. Investments rose to Rs 1,030.76 crore as of 31 March 2025 from Rs 853.75 crore as of 31 March 2024 . PBDT rose 11.50% to Rs 2724.61 crore.
Provision for depreciation rose 27.05% to Rs 290.39 crore. Fixed assets increased to Rs 4,250.30 crore as of 31 March 2025 from Rs 3,062.24 crore as of 31 March 2024. Intangible assets stood at Rs 284.93 crore. Profit before tax grew 9.90% to Rs 2,434.22 crore.
Share of profit/loss was 101.43% lower at Rs -53.44 crore. Provision for tax was expense of Rs 672.84 crore, compared to Rs 547.81 crore. Effective tax rate was 24.67% compared to 25.03%. Minority interest decreased 658.06% to Rs -11.75 crore.
Net profit attributable to owners of the company increased 25.84% to Rs 2,066.46 crore. Equity capital increased from Rs 29.44 crore as of 31 March 2024 to Rs 29.46 crore as of 31 March 2025.
Per share face Value remained same at Rs 1.00. Promoters' stake was 56.96% as of 31 March 2025 ,compared to 57.32% as of 31 March 2024 .
The scrip is currently trading at Rs 2214
| Coromandel International : Consolidated Results |
| Particulars | 2503 (03) | 2403 (03) | Var.(%) | 2503 (12) | 2403 (12) | Var.(%) |
| Net Sales (including other operating income) | 4,988.39 | 3,912.72 | 27 | 24,085.24 | 22,058.39 | 9 |
| OPM (%) | 8.6 | 7.0 | | 10.9 | 10.9 | |
| OP | 426.91 | 273.02 | 56 | 2,628.32 | 2,398.75 | 10 |
| Other Inc. | 125.05 | 83.53 | 50 | 358.72 | 231.36 | 55 |
| PBIDT | 551.96 | 356.55 | 55 | 2,987.04 | 2,630.11 | 14 |
| Interest | 65.87 | 61.72 | 7 | 262.43 | 186.57 | 41 |
| PBDT | 486.09 | 294.83 | 65 | 2,724.61 | 2,443.54 | 12 |
| Depreciation | 85.4 | 62.98 | 36 | 290.39 | 228.56 | 27 |
| PBT | 400.69 | 231.85 | 73 | 2434.22 | 2214.98 | 10 |
| Share of Profit/(Loss) from Associates | -16.64 | -10.15 | -64 | -53.44 | -26.53 | -101 |
| PBT before EO | 384.05 | 221.7 | 73 | 2380.78 | 2188.45 | 9 |
| EO Income | 346.77 | 0 | - | 346.77 | 0 | - |
| PBT after EO | 730.82 | 221.7 | 230 | 2727.55 | 2188.45 | 25 |
| Taxation | 152.36 | 57.79 | 164 | 672.84 | 547.81 | 23 |
| PAT | 578.46 | 163.91 | 253 | 2054.71 | 1640.64 | 25 |
| Minority Interest (MI) | -1.21 | 3.6 | LP | -11.75 | -1.55 | -658 |
| Net profit | 579.67 | 160.31 | 262 | 2066.46 | 1642.19 | 26 |
| EPS (Rs)* | # | # | | 61.2 | 55.7 | |
| Notes |
| * EPS is on current equity of Rs 29.46 crore, Face value of Rs 1, Excluding extraordinary items. |
| # EPS is not annualised |
| bps : Basis points |
| EO : Extraordinary items |
| Figures in Rs crore |
| Source: Capitaline Corporate Database |
| Coromandel International : Consolidated Segment Results |
| | % of (Total) | 2503 (03) | 2403 (03) | Var.(%) | % of (Total) | 2503 (12) | 2403 (12) | Var.(%) |
| Sales |
| Nutrient & Other Allied Business | 86 | 4,320.95 | 3,370.23 | 28 | 89 | 21,652.28 | 19,775.19 | 9 |
| Crop Protection | 14 | 698.72 | 564.41 | 24 | 11 | 2,637.05 | 2,457.41 | 7 |
| Total Reported Sales | 100 | 5,019.67 | 3,934.64 | 28 | 100 | 24,289.33 | 22,232.60 | 9 |
| Less: Inter segment revenues | | 31.28 | 21.91 | 43 | | 204.09 | 174.21 | 17 |
| Net Sales | | 4,988.39 | 3,912.73 | 27 | | 24,085.24 | 22,058.39 | 9 |
| PBIT |
| Nutrient & Other Allied Business | 75 | 297.33 | 251.52 | 18 | 86 | 2,205.77 | 2,166.22 | 2 |
| Crop Protection | 25 | 101.11 | 63.11 | 60 | 14 | 363.28 | 289.78 | 25 |
| Total PBIT | 100 | 398.44 | 314.63 | 27 | 100 | 2,569.05 | 2,456.00 | 5 |
| Less : Interest | | 65.87 | 61.72 | 7 | | 262.43 | 186.57 | 41 |
| Add: Other un-allcoable | | 398.25 | -31.21 | LP | | 420.93 | -80.98 | LP |
| PBT | | 730.82 | 221.7 | 230 | | 2,727.55 | 2,188.45 | 25 |
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