COROMANDEL · Chemicals
Coromandel International Ltd. reported revenue of ₹3,913 cr for January to March 2024, — on the year and −28.4% on the quarter.
Operating profit (EBITDA) was ₹263 cr, a margin of 6.7%, — on the year and +33 bps on the quarter.
Net profit was ₹164 cr, — on the year and −28.1% on the quarter, with earnings per share of ₹5.45.
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 ₹55.81 over the last four quarters, the stock at ₹1,756.90 trades at 31.5 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Other income was 38% of profit before tax.
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, 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).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| 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 ₹3,913 cr (— on the year) and net profit of ₹164 cr (— on the year) for January to March 2024.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
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.