Coromandel International (COROMANDEL) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 saw a challenging environment with global uncertainties, rupee depreciation, and higher raw material costs, but India’s GDP growth remained strong at 7.4% year-over-year, driven by services and manufacturing.

• Q3 FY26 revenue from operations rose 27% year-over-year to ₹8,779 crore, with EBITDA up 12% to ₹805 crore and PAT down 4% to ₹488 crore.

• For YTD Dec'25, revenue increased 33% to ₹25,476 crore, EBITDA grew 24% to ₹2,738 crore, and PAT rose 21% to ₹1,784 crore.

• 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.

• Extended monsoon and crop damage in South India impacted agri input consumption, especially in chili and grape segments, but Rabi sowings and reservoir levels improved.

Financial highlights

• Consolidated revenue from operations for the quarter: ₹8,779.45 crore, up from ₹6,935.19 crore year-over-year.

• Net profit after tax for the quarter: ₹652.76 crore, compared to ₹683.12 crore in the same quarter last year.

• Nine-month consolidated revenue: ₹25,475.88 crore; net profit after tax: ₹2,389.49 crore.

• Basic EPS for the quarter: ₹17.14; for nine months: ₹62.85.

• Net debt to equity ratio remained at 0.0 times for both Q3 and YTD periods.

Outlook and guidance

• Annualized EBITDA guidance for fertilizer segment remains 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.

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

• Backward integration projects expected to deliver INR 400 crore annual EBITDA benefit, with no major deviation from initial estimates.

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