Coromandel International (COROMANDEL) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 was marked by global uncertainties, rupee depreciation, and higher raw material prices, impacting margins and agri input consumption, especially in southern India.

• Despite headwinds, record fertilizer and crop protection production was achieved, with robust supply, operational efficiency, and all business segments improving over last year.

• Board approved unaudited financial results for the quarter and nine months ended December 31, 2025, and declared an interim dividend of ₹9 per equity share.

• Backward integration projects and expansion initiatives are progressing on schedule, supporting long-term growth and supply security.

• NACL Industries Limited became a subsidiary effective August 8, 2025, contributing to crop protection segment growth.

Financial highlights

• Q3 FY26 consolidated revenue from operations was ₹8,779.45 crore, up 27% year-over-year; nine-month revenue reached ₹25,475.88 crore, up 33%.

• Q3 EBITDA was ₹805 crore (up 12% YoY); nine-month EBITDA was ₹2,738 crore (up 24% YoY).

• Q3 net profit after tax was ₹652.76 crore (down from ₹683.12 crore YoY); nine-month net profit was ₹2,389.49 crore (up from ₹1,476 crore YoY).

• Basic EPS for Q3 was ₹17.14; for nine months, ₹62.85.

• Interim dividend of ₹9 per equity share declared, with record date February 4, 2026.

Outlook and guidance

• Annualized EBITDA guidance for fertilizer business remains at INR 5,000–5,500 per ton, with potential to reach INR 6,500 post-commissioning of new phosphoric acid plant.

• Crop protection business targets 20–25% annual growth in domestic B2C and continued export-led growth, especially in mancozeb.

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

• Management notes that consolidated figures for the current period may not be comparable to previous periods due to the acquisition of NACL.