Coromandel International (CRIN) reported an EBITDA of Rs 3.1bn (-10% YoY), led by the non-subsidy business (-25%). Unfavourable weather conditions and muted agri-commodity prices put pressure on pesticides in the domestic and export markets. Higher other income and lower interest cost (easing subsidy situation) helped a bit, with PAT at Rs 1.7bn (-4%).