Coromandel International Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Coromandel International Ltd reported a 6.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 27.6%.
- Its expenses for the quarter were down by 3.6% QoQ and up 22.1% YoY.
- The net profit decreased 22.9% QoQ and increased 122.7% YoY.
- The earnings per share (EPS) of Coromandel International Ltd stood at 17.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 7048.86 | 7497.83 | 5522.69 | -6.0% | 27.6% |
Total Expenses | 6357.26 | 6593.09 | 5207.95 | -3.6% | 22.1% |
Profit Before Tax | 691.60 | 904.74 | 314.74 | -23.6% | 119.7% |
Tax | 175.21 | 232.75 | 77.64 | -24.7% | 125.7% |
Profit After Tax | 507.91 | 659.10 | 228.11 | -22.9% | 122.7% |
Earnings Per Share | 17.40 | 22.50 | 7.80 | -22.7% | 123.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Coromandel International Ltd is a leading company in the agricultural sector, primarily engaged in the production and marketing of fertilizers, specialty nutrients, and crop protection chemicals. The company also provides services related to farm advisory and has a significant presence in the Indian agricultural market. As of the latest updates, Coromandel has been focusing on enhancing its product portfolio and expanding its market reach to cater to the evolving needs of the agricultural industry. The company is known for its strong distribution network and commitment to sustainable agricultural practices. Recent developments have seen the company investing in technology to improve efficiency and customer engagement, although specific recent initiatives or acquisitions are not detailed in the provided data.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Coromandel International Ltd reported a total income of ₹7048.86 crores. This represents a decrease of 6.0% compared to the previous quarter (Q2FY25) where the total income was ₹7497.83 crores. However, on a year-over-year basis, there was a significant increase of 27.6% from ₹5522.69 crores recorded in the third quarter of the previous fiscal year (Q3FY24). This data reflects a strong annual growth in revenue despite the sequential quarterly decline.
Profitability
In terms of profitability, Coromandel International Ltd's Profit Before Tax (PBT) for Q3FY25 was ₹691.60 crores, showing a decline of 23.6% from the previous quarter's PBT of ₹904.74 crores. On a yearly comparison, the PBT showed a dramatic increase of 119.7% from ₹314.74 crores in Q3FY24. The Profit After Tax (PAT) for Q3FY25 was ₹507.91 crores, which decreased by 22.9% from the previous quarter's PAT of ₹659.10 crores but increased by 122.7% year-over-year from ₹228.11 crores in Q3FY24. These figures indicate a substantial annual improvement in profitability, despite the quarterly decrease.
Operating Metrics
Coromandel International Ltd's total expenses for Q3FY25 amounted to ₹6357.26 crores, which is a 3.6% decrease from the previous quarter's expenses of ₹6593.09 crores. Compared to the same quarter in the previous year, expenses rose by 22.1% from ₹5207.95 crores. The Earnings Per Share (EPS) for Q3FY25 was reported at ₹17.40, reflecting a 22.7% decrease from the previous quarter's EPS of ₹22.50, but a 123.1% increase from ₹7.80 in Q3FY24. These metrics highlight the company's ability to manage costs effectively year-over-year while facing a sequential quarterly decline in earnings performance.
