Coromandel International (COROMANDEL) Q4 24/25 earnings summary

Executive summary

• Strong agricultural environment in FY 2025 with above-normal monsoons, increased food grain production by 5% YoY to 331 million tons, and government initiatives boosting sector growth and farmer income.

• Company undertook capacity de-bottlenecking, resumed Ennore unit operations, expanded backward integration, and made major acquisitions including Baobab Mining and Chemicals Corporation S.A. and a pending controlling stake in NACL Industries.

• Audited consolidated and standalone financial results for FY25 were approved with an unmodified audit opinion.

• Final dividend of INR 9 per share declared, including a one-time special dividend of INR 3.

Financial highlights

• Consolidated total income for FY25 was INR 24,444 crores (up 10% YoY); Q4 FY25 income at INR 5,114 crores (up 28% YoY).

• Consolidated net profit after tax for FY25 was INR 2,058.32 crores, up from INR 1,689.22 crores in FY24; EPS for FY25 at INR 65.96.

• Q4 FY25 EBITDA grew 56% YoY to INR 426 crores; FY25 EBITDA at INR 2,628 crores (up 10% YoY).

• Net debt to equity ratio remained at 0.0 times for both Q4 and FY25.

• Book value per share rose to INR 377 at FY25 end, up from INR 320 last year.

Outlook and guidance

• High double-digit revenue growth expected in crop protection and specialty segments for FY26, supported by new product launches and margin improvement.

• Full ramp-up of new phosphoric and sulfuric acid capacities expected in FY27, with no anticipated challenges in absorbing additional volumes.

• The acquisition of NACL Industries Limited is expected to strengthen the business portfolio, subject to regulatory approvals.