Coromandel International posts Q1 results

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01 August 2022, New Delhi: Coromandel International Limited, India’s leading Agri solutions provider is in the business of Fertilisers, Crop Protection, Bio Pesticides, Specialty Nutrients, Organic Fertiliser and Retail. The Company has reported the financial results for the quarter ended 30th June 2022.

Highlights – Standalone Results:

  • 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 y/y growth of 50%

Review of Businesses

Nutrient and Allied Business

The Revenue for the quarter was at Rs.5,111 Cr compared with Rs.3,070 Cr in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs. 602 Cr as against Rs. 399 Cr in the corresponding quarter of the previous year.

Crop Protection Business

The Revenue for the quarter was at Rs. 654 Crs Vs. Rs. 623 Crs compared to same quarter previous year. Profit before interest and tax for the quarter was Rs. 85 Cr compared with Rs. 79 Cr in the corresponding quarter of the previous year.

Consolidated Results

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.

Also Read: Tropical Agro’s biological product Tag Carb-N launched in Raipur

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