COROMANDEL · Chemicals
Coromandel International Ltd. reported revenue of ₹6,935 cr for October to December 2024, +26.9% on the year and −6.7% on the quarter.
Operating profit (EBITDA) was ₹713 cr, a margin of 10.3%, +389 bps on the year and −266 bps on the quarter. Over the last 7 quarters the margin has ranged from 6.4% to 15.1%, averaging 10.6%. Operating costs grew +21.6% against revenue growth of +26.9%, so more of each rupee of sales reached operating profit.
Net profit was ₹508 cr, +122.8% on the year and −22.9% on the quarter, with earnings per share of ₹17.37. Profit before other income, one-offs and tax grew faster, at +130.4%; other income, one-offs or tax held the headline back. The tax rate of 26% is in line with its recent average.
Agri inputs are seasonal and move with the monsoon and with subsidy payments, so quarters are best compared with the same quarter a year earlier. The quarterly statements do not carry volumes, the monsoon and subsidy receivables; those come with the filing read.
On earnings per share of ₹55.93 over the last four quarters, the stock at ₹1,756.90 trades at 31.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5,464 cr | ₹3,913 cr | ₹4,729 cr | ₹7,433 cr | ₹6,935 cr | ₹4,988 cr | ₹7,042 cr | ₹9,654 cr | ₹8,779 cr | ₹6,004 cr | ₹8,165 cr | ₹10,294 cr |
| YoY | — | — | −17% | +6% | +27% | +27% | +49% | +30% | +27% | +20% | +16% | +7% |
| EBITDA margin | 6.4% | 6.7% | 10.4% | 12.9% | 10.3% | 8.2% | 11.1% | 12.0% | 9.1% | 8.1% | 9.4% | 9.0% |
| Other income, % of PBT | 19% | 38% | 13% | 7% | 17% | 65% | 12% | 11% | 13% | −3% | 10% | 8% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 26% | 27% | 26% | 26% | 21% | 26% | 25% | 25% | 50% | 26% | 26% |
| Net profit | ₹228 cr | ₹164 cr | ₹309 cr | ₹659 cr | ₹508 cr | ₹578 cr | ₹502 cr | ₹793 cr | ₹488 cr | ₹115 cr | ₹382 cr | ₹523 cr |
| YoY | — | — | −37% | −13% | +123% | +252% | +62% | +20% | −4% | −80% | −24% | −34% |
| Core profit YoY | — | — | −40% | −13% | +130% | +87% | +61% | +14% | +0% | −9% | −22% | −31% |
| EPS | ₹7.85 | ₹5.45 | ₹10.56 | ₹22.55 | ₹17.37 | ₹19.67 | ₹17.13 | ₹27.31 | ₹17.15 | ₹4.74 | ₹12.98 | ₹18.11 |
| Flags | · | 1 | ✓ | ✓ | ✓ | 2 | ✓ | ✓ | ✓ | ✓ | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Coromandel International Ltd. reported revenue of ₹6,935 cr (+26.9% on the year) and net profit of ₹508 cr (+122.8% on the year) for October to December 2024.
Profit before other income, exceptional items and tax moved +130.4% on the year, against +122.8% for reported profit.
None of the 7 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.