COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of conference call held on February 6, 202313-02-2023
13-02-2023
Buy Coromandel International; target of Rs 1155: Sharekhan
Sharekhan is bullish on Coromandel Interational has recommended buy rating on the stock with a target price of Rs 1155 in its research report dated February 06, 2023.10-02-2023
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Conference Call held on February 06, 202307-02-2023
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Coromandel International Limited has informed the Exchange about Newspaper publication pertaining to unaudited financial results for the quarter and nine months ended December 31, 202203-02-2023
Coromandel Q3 net profit up 42% at 539 crore
The company board, which met to consider the results, approved an interim dividend of 6 a share.02-02-2023
Q3FY23 Quarterly Result Announced for Coromandel International Ltd.
Fertilizers firm Coromandel International announced Q3FY23 results: Standalone Q3FY23: Total Income in Q3 was at Rs 8,350 crore compared with Rs 5,101 crore during the same period the previous year, registering a growth of 64% over the previous year. EBITDA for Q3 was Rs 781 crore, a growth of 44% over Q3 of the previous year. PAT for Q3 was Rs 539 crore vs Rs 379 crore in Q3 of the previous year, registering a YoY growth of 42%. Total Income for nine months period ended 31st Dec 2022 was at Rs 24,265 crore compared with Rs 14,937 crore of the same period the previous year, registering a growth of 62% over the previous year. EBITDA for nine months was Rs 2,519 crore vs Rs 1,764 crore in the previous year. PAT for nine months was Rs 1,773 crore vs Rs 1,229 crore of the previous year, registering a YoY growth of 44%. Consolidated Q3FY23: Coromandel’s total income for the quarter ended December 2022 was at Rs 8,349 crore vs Rs 5,100 crore for the quarter ended December 2021. The profit after tax for the quarter ended December 2022 was at Rs 527 crore as against Rs 382 crore for the quarter ended December 2021. Commenting on the financial results, Mr. Arun Alagappan, Executive Vice Chairman, Coromandel International Ltd. said: "Overall, the agricultural environment remained favourable in most of the key operating markets with the above average monsoon, normal crop sowing and favourable policies from the Government aiding better availability of agri inputs. Coromandel delivered an excellent performance during the quarter registering good growth in revenue and profitability which will help its further investments in Agribusiness. Record volume sales in NPKs and higher subsidy realisation in the Nutrients business primarily led to increase in the revenue during the quarter. In Crop Protection business, Domestic formulation and B2B business grew during the quarter which was offset with headwinds faced in the export markets. Plants continued to operate efficiently and key capex projects for capacity expansion and backward integration are progressing as per schedule. During the quarter, Company launched ‘Gardina’ a Speciality Nutrient product in the urban garden segment and ‘Azamax’ a bioinsecticide. The Crop Protection business continues to focus on refreshing its portfolio, new products launched in earlier quarters have received encouraging responses from the market and are doing well exceeding our estimates. 2 new technical & 3 new formulations are planned to be introduced in the 4th quarter which will further strengthen its offerings. Company continues to promote ag-tech solutions with farmers and plans to scale up drone applications after successful pilot tests. Indian Economy continues to progress well and Agriculture is in the bright spot. As a leading Agri solutions provider, Coromandel will continue to promote integrated farm practices and bring prosperity to the farming community”. Result PDF02-02-2023
Coromandel International logs Q3 standalone profit after tax at Rs 539 cr
Coromandel International Ltd has reported standalone profit after tax at Rs 539 crore upby 42 per cent during the quarter ending December 31, 2022, the company said on Thursday. The city-based diversified conglomerate Murugappa Group company had registered standalone profit after tax at Rs 379 crore last year. Total income during the quarter under review surged to Rs 8,350 crore as against Rs 5,101 crore registered last year. Profit after tax for the nine month period ending December 31, 2022 grew to Rs 1,773 crore upby 44 per cent from Rs 1,229 crore registered corresponding period of last year. Total income during the nine month period ending December 31, 2022 stood at Rs 24,265 crore as compared to Rs 14,937 crore registered last year. The revenue from the nutrient and allied business during the quarter under review was at Rs 7,710 crore as against Rs 4,483 crore registered in December 2021. Crop protection business generated revenues of Rs 651 crore as compared to Rs 623 crore02-02-2023
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Coromandel International Limited has informed the Exchange about press release to be issued by the Company in connection with the Unaudited Financial Results for the quarter and nine months ended December 31, 202202-02-2023
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Coromandel International Limited has informed the Exchange about Schedule of Analysts/Institutional Investor Meet/Con. Call02-02-2023
COROMANDEL INTERNATIONAL LTD. - 506395 - Corporate Action-Board approves Dividend
Declaration of Interim Dividend for the Financial Year 2022-23.02-02-2023