Results - Announcements
Coromandel International Ltd share price ticked higher by 3.95% to Rs 1907.45 after the company's net profit jumped 37.17% to Rs 523.37 crore, while revenue from operations gained significantly 26.08% to Rs 10294.13 crore in Q2FY27 over Q2FY26.
The market capitalization of Fertilizers industry group stocks on BSE stood at Rs 1.71 lakh crore, heading higher 12.90%. It has increased 11.33% over last one week and slid back by 9.65% in last one month while the market capitalization of Coromandel International Ltd has edged up by 12.53% and 7.77% in the same period respectively.
Profit before tax (PBT) of Coromandel International Ltd stood at Rs 706.35 crore in Q2 FY27, tumbling by 33.33% year-on-year, and jumping 37.51% quarter-on-quarter. EBITDA came in at Rs 888 crore, retreating 13.80% YoY and surging by 25.79% sequentially.
Total expenses jumped by 24.86% to Rs 9504.05 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 5832.98 crore, witnessing a sharp rise of 26.39% YoY, while employee benefits expense was at Rs 307.15 crore, inching up 2.10% YoY.
For FY26, revenue from operations soared by 30.70% to Rs 31479.54 crore, while net profit slipped by 7.62% to Rs 1898.14 crore, compared to previous FY. EBITDA witnessed a strong improvement of 251183% to Rs 2868.15 crore, and PBT dipped slightly 4.05% to Rs 2617.14 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 1557.54 crore in FY26, as against Rs 2463.61 crore in FY25.
Coromandel International Ltd nosedived by 11.23% in last one year, underperforming the benchmark BSE Sensex which has slipped by 4.80% during the same period.