Coromandel International Limited has posted total income in Q4 at Rs. 4,294 crore compared with Rs. 2,860 crore of same period previous year, registering a growth of 50% over previous year. EBITDA for Q4 was Rs. 272 crore registering an increase of 20% over Q4 of previous year. PAT for Q4 was Rs. 183 crore vs Rs. 156 crore r in Q4 of previous year registering a y/y growth of 17%.

Total Income for the year ended 31st March 2022 was Rs. 19,231 crore compared with Rs. 14,231 crore of same period previous year, registering a growth of 35% over previous year. EBITDA for FY 21-22 was Rs. 2,036 crore vs. Rs. 1,970 crore in previous year, registering an increase of 3% over previous year. PAT for FY 21-22 was Rs. 1,412 crore vs Rs. 1,313 crore of previous year registering a y/y growth of 8%.

Nutrient and Allied Business

The Revenue for the quarter was at Rs. 3,683 crore compared with Rs. 2,344 crore in the corresponding quarter of the previous year, registering a y/y growth of 57%. Segment result for the quarter was Rs.222 crore as against Rs. 169 crore in the corresponding quarter of the previous year.

The Revenue for FY 21-22 grew by 37% to Rs. 16,714 crore compared with Rs. 12,200 crore in the corresponding period of the previous year. Segment result for FY 21-22 was Rs. 1,671 crore as against Rs. 1,653 crore in the corresponding period of the previous year.

Crop Protection Business

The Revenue for the quarter grew by 11% compared to same quarter previous year at Rs. 547 crore vs. Rs. 494 crore during the previous year. Segment result for the quarter was Rs. 68 crore compared with Rs.62 crore in the corresponding quarter of the previous year.

The Revenue for FY 21-22 grew by 21% to Rs. 2,488 crore compared with Rs. 2,058 crore in the corresponding period of the previous year. Segment result for FY 21-22 was Rs. 357 crore as against Rs. 333 crore in the corresponding period of the previous year.

Consolidated Results

Coromandel’s total income for the quarter was at Rs. 4,304 crore as against Rs. 2,872 crore in the corresponding quarter of the previous year. The profit after tax for the quarter was at Rs. 290 crore as against Rs. 156 crore in the corresponding quarter of the previous year.

Coromandel’s total income for FY 21-22 was at Rs. 19,255 crore as against Rs. 14,257 crore in the corresponding period of the previous year. The profit after tax was at Rs. 1,528 crore as against Rs. 1,329 crore in the previous year.

Commenting on the financial results, 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 auger 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.”