Conference Call with Coromandel International Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Fertilizers company Coromandel International announced Q3FY25 results Standalone Financial Highlights: Total Income in Q3FY25 was at Rs 7,038 crore vs Rs 5,510 crore for Q3FY24, registering a growth of 28%. EBITDA for Q3FY25 was Rs 727 crore vs Rs 358 crore for Q3FY24, registering a growth of 103%. PAT for Q3FY25 was Rs 525 crore vs Rs 243 crore for Q3FY24, registering a growth of 116% Consolidated Financial Highlights: Total income for Q3FY25 was at Rs 7,049 crore vs Rs 5,523 crore for Q3FY24. The profit after tax was at Rs 508 crore as against Rs 228 crore in Q3FY24. S. Sankarasubramanian, Managing Director & CEO, Coromandel International, said: “We are pleased to report robust performance in Q3 FY25, driven by strong sales volumes in Nutrients and crop protection segments, operational excellence across businesses and continued execution of our strategic initiatives. This was further aided by strong tailwinds such as good monsoon, higher reservoir levels and increased crop sowing in our target markets. Recovery in global agrochemicals market, coupled with strong performance of innovative, in-licensing products have supported growth in Crop Protection segment. We are promoting sustainable agricultural practices to drive resource efficiency and balanced nutrition and are progressing well in our efforts to scale up Nano products and drone based spraying services. The recent Bhumi Pooja for the new 750,000 MT per annum of NPK granulation train at Kakinada marks another significant milestone in our journey to strengthen fertiliser manufacturing capabilities. This project, alongside the ongoing Phosphoric Acid and Sulphuric Acid plants at Kakinada, is progressing well and is expected to bolster our domestic phosphatic fertiliser capacities. These developments also align with Government’s vision of Aatmanirbhar Bharat in phosphatic fertilizers and reduce dependency on imports. We have received the Board’s approval to enhance Technical pesticide capacity and this underscores our commitment to expand Coromandel’s presence in the crop protection segment. The investment complements our recent expansion initiative at Ankleshwar for setting up a Multi-Product Plant, and reinforces our focus on creating a diversified and future-ready crop protection portfolio. As we scale our retail network beyond southern states and adopt innovative technologies like drones for precision farming, we remain committed to empowering farmers with advanced agri solutions. With favourable agricultural conditions and increasing adoption of our products, we are confident of sustaining our growth momentum in the quarters ahead.” Result PDF