COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of conference call held on April 29, 202403-05-2024
03-05-2024
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of stake in Ecozen Solutions Private Limited by Dare Venture Limited, a wholly owned subsidiary of the Company02-05-2024
COROMANDEL INTERNATIONAL LTD. - 506395 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyCOROMANDEL INTERNATIONAL LTD. 2CIN NO.L24120TG1961PLC000892 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: B Shanmugasundaram Designation: Company Secretary EmailId: [email protected] Name of the Chief Financial Officer: Jayashree Satagopan Designation: Chief Financial Officer EmailId: [email protected] Date: 30/04/2024 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.30-04-2024
Coromandel International Announces Rs 1,000 Crore Investment In Andra Pradesh
In a regulatory filing, the company said it has "commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility at Kakinada".29-04-2024
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recordings of conference call with analysts and investors held on April 29, 202429-04-2024
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release titled "Coromandel commences activity to set up its 1000 crore plus Phosphoric Acid & Sulphuric Acid Plants at Kakinada, Andhra Pradesh".29-04-2024
Coromandel International Results Earnings Call for Q4FY24
Conference Call with Coromandel International Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.29-04-2024
COROMANDEL INTERNATIONAL LTD. - 506395 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication pertaining to consolidated financial results for the quarter and year ended March 31, 202426-04-2024
Challenging weather conditions hit Coromandel business; Q4 PAT declines by 20% at 209 cr
Appoints Arun Alagappan as Executive Chairman; final dividend of 6 per share25-04-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Coromandel International Ltd.
Fertilizers company Coromandel International announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Standalone: Total Income in Q4 was at Rs 4,027 crore vs Rs 5,519 crore in Q4 of previous year, registering a decline of 27%. EBITDA for Q4 was Rs 269 crore vs Rs 399 crore in Q4 of previous year, registering a decline of 33%. PAT for Q4 was Rs 209 crore vs Rs 262 crore in Q4 of previous year, registering a decline of 20%. Consolidated: Total income for the quarter ended March 2024 was at Rs 3,996 crore vs. Rs 5,523 crore for the quarter ended March 2023. The profit after tax for the quarter was at Rs 164 crore as against Rs 246 crore for the quarter ended March 2023. FY24 Financial Highlights: Standalone: Total Income for the year ended 31st March 2024 was at Rs 22,308 crore vs Rs 29,784 crore over previous year, registering a decline of 25%. EBITDA was Rs 2,401 crore vs Rs 2,918 crore in previous year, registering a decline of 18%. PAT was Rs 1,719 crore vs Rs 2,035 crore in previous year, registering a decline of 16%. Consolidated: Coromandel’s total income for FY23-24 was at Rs 22,290 crore vs. Rs 29,799 crore in the previous year. The profit after tax for the year was at Rs 1,641 crore as against Rs 2,013 crore in the previous year. Commenting on the financial results, Mr. Arun Alagappan, Executive Vice Chairman, Coromandel International said, "FY2023-24 was marked by a challenging business environment as sub normal monsoons and lower reservoir levels in Coromandel’s key operating markets impacted the agri-inputs consumption. Further, the sharp corrections in subsidy rates in second half of the year coupled with global headwinds in Crop Protection resulted in margin pressure. Despite this, Coromandel adapted well to register a satisfactory performance and has taken progressive steps to strengthen its operations during the year. Fertilizer Plants operated at higher capacity at 95% levels and improved its backward integration capabilities. Crop Protection registered a strong 20% volume growth across the international and domestic markets and plans to introduce new molecules through captive and in-licensing arrangements. Retail stores improved its farm level outreach and is expanding its footprint in new markets in FY25. Company has also scaled up its drone spraying services and during the year covered 25000+ acres. As part of its diversification strategy, the Company forayed into Speciality chemicals by leveraging its existing infrastructure and continued its engagement on CDMO opportunity. Investment in drone company Dhaksha is progressing well with a strong order book of around Rs 250 crores from Defence and Agriculture segments. Going forward, the company is committed to strengthen its core businesses and invest in novel technologies and adjacent opportunities. The forecast of an above normal monsoon and correction in NBS rates bodes well for the industry and we expect the market fundamentals to improve in the coming period." Result PDF25-04-2024