Buy Coromandel International; target of Rs 1140: Motilal Oswal
Motilal Oswal is bullish on Coromandel International recommended buy rating on the stock with a target price of Rs 1140 in its research report dated November 05, 2022.09-11-2022
09-11-2022
Buy Coromandel International; target of Rs 1155: Sharekhan
Sharekhan is bullish on Coromandel International has recommended buy rating on the stock with a target price of Rs 1155 in its research report dated November 04, 2022.08-11-2022
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Coromandel International Limited has informed the Exchange about audio recording of the conference call held with analysts and investors, on Friday, November 4, 2022.04-11-2022
COROMANDEL INTERNATIONAL LTD. - 506395 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Coromandel International Limited has informed the Exchange about Loss of share certificate04-11-2022
Coromandel International Q2 net profit up 42% at 738 cr
Encouraged by good performance in Q2, Coromandel International is forecasting a positive outlook for the upcoming rabi season04-11-2022
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 half year ended September 30, 202204-11-2022
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Investor Presentation
Coromandel International Limited has informed the Exchange regarding Investors Presentation being made by the Company in connection with the Unaudited Financial Results for the quarter and half year ended September 30, 202203-11-2022
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Change in Directorate
Coromandel International Limited has informed the Exchange regarding Appointment of the following Directors: 1. Appointment of Dr. Deepali Pant Joshi as Additional Director, to be designated as non-executive Independent Director, for a term of 5 years with effect from February 1, 2023. 2. Appointment of Mr. Sankarasubramanian S. as Whole Time Director, to be designated as Executive Director-Nutrient Business, for a term of 5 years with effect from February 1, 2023 3. Appointment of Dr. Raghuram Devarakonda as Whole Time Director, to be designated as Executive Director - Crop Protection, Bio Products & Retail Business, for a term of 5 years with effect from February 1, 202303-11-2022
Q2FY23 Quarterly Result Announced for Coromandel International Ltd.
Fertilizers company Coromandel International announced Q2FY23 results: Standalone: Total Income in Q2FY23 was at Rs. 10,140 crore compared with Rs. 6,160 crore in the same period Q2FY22, registering a growth of 65% over Q2FY22. EBITDA for Q2FY23 was Rs. 1,055 crore, a growth of 42% over Q2 of over Q2FY22. PAT for Q2FY23 was Rs. 738 crore vs Rs. 520 crore in Q2FY22, registering a YoY growth of 42%. Total Income in H1FY23 was at Rs. 15,916 crore compared with Rs. 9,837 crore in the same period Q2FY22, registering a growth of 62% over Q2FY22. EBITDA for H1FY23 was Rs. 1,738 crore, a growth of 42% over H1FY22. PAT for H1FY23 was Rs. 1,234 crore vs Rs. 850 crore in H1FY22, registering a YoY growth of 45%. Commenting on the financial results, Mr. Sameer Goel, Managing Director, Coromandel International Ltd. said, "Coromandel delivered robust growth in revenue during the quarter, primarily led by high subsidy and MRP in the Nutrients business and volume-led growth in others. The agricultural environment remained favourable in most of the key operating markets with above average monsoon, normal crop sowing coupled with favourable policies from the Government. Smart sourcing ensured the timely availability of key raw materials and the plants operated at higher capacity and improved efficiencies. Major infrastructure projects for capacity expansion and backward integration as part of the Atmanirbhar Bharat initiative are progressing as per schedule. The Company has opened 54 Pradhan Mantri Kisan Samruddhi Kendra (PMKSK) in the key agriculture districts in six States to drive balanced nutritional practices and help the farmers to increase their productivity. This will supplement our direct reach with the farming community in addition to our ~750 retail outlets. During the quarter, Company launched the liquid fertiliser ‘Acumist Calcium’, a Speciality Nutrient product. The 4 new products launched in the Crop Protection business in Q1 have received encouraging responses from the market. During the year, the Crop Protection business has received 5 patent registrations for novel combinations developed by our R&D; team. The Company continues to work on a promising product pipeline and has plans for further launches in the upcoming period. The Company has invested in ‘Daksha’, a Drone manufacturing company and has successfully done pilot trials at the farmer’s fields for our Nutrient and Crop Protection products. With the timely onset of the North-East Monsoon, higher reservoir levels, residual soil moisture and softening commodity prices, we expect a favourable business environment in the upcoming Rabi season. As a leading Agri solutions provider, we will continue to drive farm productivity and bring prosperity to the farming community” Result PDF03-11-2022
COROMANDEL INTERNATIONAL LTD. - 506395 - 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 Half Year Ended September 30, 2022
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 half year ended September 30, 202203-11-2022