Coromandel International (COROMANDEL) Q1 26/27 earnings summary

Executive summary

• Delivered resilient performance in Q1 FY27 despite challenging environment, with revenue from operations growing 16% year-over-year to ₹8,165 Cr and unaudited results approved without qualification by auditors.

• Profit after tax declined 24% year-over-year to ₹382 Cr, with EBITDA down 3% to ₹761 Cr and margin dropping from 11% to 9%.

• Diversified portfolio and strong growth in non-fertilizer businesses, including CPC and specialty products, offset headwinds in fertilizer segment.

• Board approved conversion of Rs. 108 Crores loan to equity in a subsidiary and restructuring of USD 9.7 Million loans in a step-down subsidiary.

• Commissioned new sulfuric acid and phosphoric acid plants, stabilizing operations and supporting supply security.

Financial highlights

• Consolidated total income grew 15% year-over-year to INR 8,215 crore, with consolidated net profit for the quarter at INR 382 crore, down from INR 502 crore last year.

• Basic EPS fell from 17.2 to 12.9 year-over-year; book value per share increased from 394 to 439.

• Net debt to equity ratio remained at 0.0 times.

• Received INR 1,392 crore in subsidy claims during the quarter; subsidy outstanding as of June 30 was INR 3,254 crore.

• Total consolidated assets as of June 30, 2026, were Rs. 27,480.02 Crores; total liabilities were Rs. 13,966.32 Crores.

Outlook and guidance

• Expectation of narrowing acreage gap as monsoon improves, but cautious farmer sentiment persists.

• Industry awaits government revision of NBS subsidy rates to restore viability for NP and PK fertilizers.

• Focus on maximizing returns from recent investments before further major CapEx; normal sustainable CapEx expected at INR 300 crore annually.

• Forward-looking statements indicate expectations for continued growth and strategic consolidation, but actual results may vary due to market and regulatory factors.