Coromandel International (COROMANDEL) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 revenue from operations rose 27% year-over-year to Rs 6,935 Cr; EBITDA up 102% to Rs 722 Cr; PAT up 123% to Rs 508 Cr.

• Strong Q3 performance with robust volume growth across all business segments, driven by favorable agro-climatic conditions and improved operational efficiencies.

• Board approved unaudited financial results for the quarter and nine months ended December 31, 2024, and declared an interim dividend of ₹6 per share.

• Expansion into northern and central markets doubled volumes in those regions year-over-year.

• Plans to establish a wholly owned subsidiary in the Netherlands with an investment up to €100,000.

Financial highlights

• Consolidated revenue from operations for the quarter: ₹6,935.19 crore; nine months: ₹19,096.85 crore.

• Q3 consolidated EBITDA at INR 722 crores, up from INR 358 crores last year; nine-month EBITDA at INR 2,202 crores.

• Net profit after tax for Q3 at INR 508 crores, more than double last year; nine-month net profit at INR 1,476 crores.

• Q3 FY25 EBITDA margin improved to 10% from 7% in Q3 FY24; PAT margin increased to 7%.

• Book value per share at Rs 362; basic EPS for Q3 FY25 at Rs 17.39, up from Rs 7.84 year-over-year.

Outlook and guidance

• Expect continued volume growth through debottlenecking, new capacity additions, and expansion into new geographies.

• Margin improvement anticipated from value-added products, backward integration, and new plant commissioning.

• Retail network to double to 1,500+ stores by FY27, supporting further growth.

• Interim dividend of ₹6 per share to be paid on or after February 19, 2025; record date set as February 5, 2025.

• Forward-looking statements highlight growth prospects and evolving business strategies, with caution on potential deviations due to market, regulatory, and economic factors.