Coromandel International Q3 FY25 income up by 28%; PAT up 116%
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Coromandel International Q3 FY25 income up by 28%; PAT up 116%

PAT for Q3 was Rs. 525 crore versus Rs. 243 crore for the corresponding quarter of last year, registering a growth of 116%

  • By ICN Bureau | January 31, 2025

Coromandel International Limited, India's leading Agri solutions provider is in the business of Fertilisers, Crop Protection Chemicals, Bio products, Specialty Nutrients, Organic Fertilizer and Retail, has reported Q3 FY25 total Income at Rs. 7,038 crore versus Rs. 5,510 crore for the corresponding quarter of last year, registering a growth of 28%.

EBITDA for Q3 was Rs. 727 crore versus Rs. 358 crore for the corresponding quarter of last year, registering a growth of 103%. PAT for Q3 was Rs. 525 crore versus Rs. 243 crore for the corresponding quarter of last year, registering a growth of 116%.

Nutrient and Allied Business: The revenue for the quarter ended Dec’24 was at Rs. 6,363 crore as against Rs. 4,892 crore for the quarter ended Dec’23. Profit before interest and tax was Rs. 635 crore versus Rs. 257 crore in the corresponding period of the previous year.

Crop Protection Business: The revenue for the quarter ended Dec’24 was at Rs. 631 crore as against Rs. 612 crore for the quarter ended Dec’23. Profit before interest and tax was Rs. 91 crore versus Rs. 82 crore in the corresponding period of the previous year.

Commenting on the financial results, S. Sankarasubramanian, Managing Director & CEO, Coromandel International Limited 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 the global agrochemicals market, coupled with strong performance of innovative, in-licensing products have supported growth in the 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 the Government's vision of Aatmanirbhar Bharat in phosphatic fertilizers and reduce dependency on imports," commented Sankarasubramanian.

"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,” added Sankarasubramanian.

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