Fertilizers company Coromandel International announced Q2FY25 results Total Income in Q2FY25 was at Rs 7,509 crore vs Rs 7,031 crore for Q2FY24. EBITDA for Q2FY25 was Rs 983 crore vs. Rs 1,064 crore for Q2FY24. PAT for Q2FY25 was Rs 696 crore vs Rs 762 crore in Q2 for Q2FY24. Total Income in H1FY25 was at Rs 12,277 crore vs Rs 12,771 crore for H1FY24. EBITDA for H1FY25 was Rs 1,490 crore vs. Rs 1,774 crore for H1FY24. PAT for H1FY25 was Rs 1,027 crore vs Rs 1,267 crore for H1FY24. Sankarasubramanian S, Managing Director & CEO, Coromandel International, said: “Company registered a healthy performance in Q2, led by higher sales volumes and improved operational efficiencies across the businesses. The company continues to make sequential recovery quarter on quarter, despite lower subsidy rates and firming up of raw material prices. Favourable agricultural environment like above normal monsoon and higher crop sowing supported agri inputs consumption. During the quarter, fertiliser business of the company increased its primary sale volumes by 13% and improved its consumption share to 20%. The company has taken steps to secure its backend supply chain and has been setting up intermediate capacities over the past few years, besides foraying into mining at Senegal. In January 2024, we had announced Sulphuric acid (2000 TPD) and Phosphoric acid (650 TPD) plants at Kakinada and the projects are progressing as per plan and are likely to be commissioned by early 2026, thereby making all of the company’s fertiliser manufacturing sites backward integrated and reducing their dependence on imports. The Board’s approval for expanding its Phosphatic fertiliser capacity by 7.5 lakh tons is in line with the Government’s Atmanirbhar Bharat initiative of achieving self-sufficiency in phosphatic fertilisers space. This expansion will make Kakinada plant one of the largest fertiliser manufacturing sites in India, cementing Coromandel’s leadership in the fertiliser sector. This brownfield expansion is expected to come up in two years’ time and will help in substituting DAP imports, especially in the northern markets, thereby increasing balanced nutrition through NPK fertiliseRs Crop Protection segment exhibited a strong performance, driven by increased sale of new products in domestic formulations. Board’s approval today for setting up a new Multi-Product Plant is in line with our growth aspirations in the crop protection space. The plant is likely to be commissioned in 18 months’ time and will enhance company’s product portfolio, especially in the global markets. Company continues to expand its Retail footprint and has opened 45 new stores during the first half of the year. Company is scaling up its drone spraying services to the farmers and has covered ~40,000 acres during the first half of the year. With improved reservoir levels and forecast of above normal north-east monsoons, we expect the growth momentum to continue in the coming quarteRs” Result PDF