Chennai, 28th July 2023: Coromandel International Limited (BSE: 506395, NSE: COROMANDEL), India’s leading Agri solutions provider is in the business of Fertilisers, Crop Protection Chemicals, Bio products, Specialty Nutrients, Organic Fertilizer and Retail. The Company has reported the financial results for the quarter ended 30th June 2023.
Highlights – Standalone Results:
Total Income in Q1 was at Rs. 5,740 Cr vs Rs. 5,776 Cr over previous year, registering a de-growth of 1%.
EBITDA for Q1 was Rs. 710 Cr vs. Rs. 683 Cr in Q1 of previous year, registering a growth of 4% over Q1 of previous year.
PAT for Q1 was Rs. 505 Cr vs Rs. 496 Cr in Q1 of previous year, registering a growth of 2%.
Review of Businesses
Nutrient and Allied Business
The Revenue for the quarter ended June 2023 was at Rs. 5,192 Cr as against Rs. 5,111 Cr for the quarter ended June 2022, registering a y/y growth of 2%. Profit before interest and tax for the quarter was Rs. 672 Cr vs. Rs. 602 Cr for the quarter ended June 2022.
Crop Protection Business
The Revenue for the quarter ended June 2023 was at Rs. 556 Cr as against Rs. 654 Cr for the quarter ended June 2022. Profit before interest and tax for the quarter was Rs. 55 Cr vs. Rs. 85 Cr for the quarter ended June 2022.
Consolidated Results
Coromandel’s total income for the quarter ended June 2023 was at Rs. 5,738 Cr vs. Rs. 5,783 Cr for the quarter ended June 2022. The profit after tax for the quarter was at Rs. 494 Cr as against Rs. 499 Cr for the quarter ended June 2022.