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HomePosts Tagged "S. Sankarasubramanian"
Agribusiness, Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Company News, Finance, India

 Company’s PAT for Q3 was Rs. 525 Cr vs Rs. 243 Cr for the corresponding quarter of last year, registering a growth of 116 per cent.

 Coromandel International Limited India’s leading Agri solutions provider has reported the financial results for the quarter ended 31st December 2024. Company’s Total Income in Q3 FY25 was at Rs. 7,038 Cr vs Rs. 5,510 Cr for the corresponding quarter of last year, registering a growth of 28 per cent. Total Income for YTD Dec’24 was at Rs. 19,315 Cr vs Rs. 18,281 Cr for the corresponding period of last year, registering a growth of 6 per cent.

Company registered PAT of Rs 525 Crores in Q3 vs Rs. 243 Crore for the corresponding quarter of last year, registering a growth of 116 per cent. Company’s PAT for YTD Dec’24 was Rs 1,552 Cr vs Rs. 1,510 Cr for the corresponding period of last year, registering a growth of 3 per cent.

Company’s EBITDA for Q3 was Rs. 727 Cr vs. Rs. 358 Cr for the corresponding quarter of last year, registering a growth of 103 per cent. EBITDA for YTD Dec’24 was Rs. 2,218 Cr vs. Rs. 2,132 Cr for the corresponding period of last year, registering a growth of 4 per cent.

Review of Businesses:

Nutrient and Allied Business

The Revenue for the quarter ended Dec’24 was at Rs. 6,363 Cr as against Rs. 4,892 Cr for the quarter ended Dec’23. Profit before interest and tax was Rs. 635 Cr vs. Rs. 257 Cr in the corresponding period of the previous year.

The Revenue for YTD Dec’24 was at Rs. 17,307 Cr compared with Rs. 16,391 Cr for YTD Dec’23. Profit before interest and tax was Rs. 1,932 Cr vs. Rs. 1,928 Cr in the corresponding period of the previous year.

Crop Protection Business

The Revenue for the quarter ended Dec’24 was at Rs. 631 Cr as against Rs. 612 Cr for the quarter ended Dec’23. Profit before interest and tax was Rs. 91 Cr vs. Rs. 82 Cr in the corresponding period of the previous year.

The Revenue for YTD Dec’24 was at Rs. 1,937 Cr compared with Rs. 1,890 Cr for YTD Dec’23. Profit before interest and tax was Rs. 264 Cr vs. Rs. 225 Cr in the corresponding period of the previous year.

Consolidated Results

Coromandel’s Total income for the quarter ended Dec’24 was at Rs. 7,049 Cr vs. Rs. 5,523 Cr for the quarter ended Dec’23. The profit after tax was at Rs. 508 Cr as against Rs. 228 Cr in the corresponding period of the previous year.

Coromandel’s Total income for YTD Dec’24 was at Rs. 19,330 Cr vs. Rs. 18,294 Cr for YTD Dec’23. The profit after tax was at Rs. 1,476 Cr as against Rs. 1,477 Cr in the corresponding period of the previous year.

Commenting on the financial results, S. Sankarasubramanian, Managing Director & CEO, Coromandel International Limited, said, “We are pleased to report robust performance in Q3 FY25, driven by strong sales volumes in Nutrients and crop protection segments, operational excellence across businesses and continued execution of our strategic initiatives. This was further aided by strong tailwinds such as good monsoon, higher reservoir levels and increased crop sowing in our target markets. Recovery in global agrochemicals market, coupled with strong performance of innovative, in-licensing products have supported growth in Crop Protection segment.

The recent Bhumi Pooja for the new 750,000 MT per annum of NPK granulation train at Kakinada marks another significant milestone in our journey to strengthen fertiliser manufacturing capabilities. This project, alongside the ongoing Phosphoric Acid and Sulphuric Acid plants at Kakinada, is progressing well and is expected to bolster our domestic phosphatic fertiliser capacities”.

 Company’s PAT for Q3 was Rs. 525

Agribusiness, Agrotech, Company News, India, R&D, Soil Health

The lab features advanced equipment such as Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES), which provides precise detection of essential soil and plant.

Coromandel International Limited, India’s leading agri-inputs company, has inaugurated an advanced Soil and Leaf Testing Laboratory at its plant in Kakinada. Equipped with state-of-the-art technologies, this facility is designed to provide precise soil and plant nutrient analysis, helping farmers across India better understand their soil and its nutrient composition. This empowers them to make informed decisions on agri-input usage, promoting sustainable agricultural practices while safeguarding soil health for future generations.

The hi-tech laboratory was inaugurated by Arun Alagappan, Executive Chairman of Coromandel International Limited, along with S. Sankarasubramanian, Managing Director & CEO, in the presence of other senior leadership team.

The laboratory features advanced equipment such as Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES), which provides precise detection of essential soil and plant nutrients; Energy Dispersive X-ray Fluorescence (ED-XRF) which enables detailed leaf nutrient analysis. Other advanced technologies present at the lab include spectrophotometers, microwave digesters, and near-infrared spectrometers, ensure comprehensive and precise testing capabilities. These tools provide farmers with valuable insights into soil health and nutrient availability, allowing them to adopt precise agricultural practices that optimize fertilizer usage. By addressing nutrient deficiencies, improving crop yields, and minimizing unnecessary input costs, the laboratory supports long-term soil health and sustainable agriculture. 

Speaking at the inauguration, S. Sankarasubramanian, Managing Director & CEO, Coromandel International Ltd., emphasized Coromandel’s commitment to sustainable agriculture and farmer empowerment. He said, “We are focused on empowering farmers with the tools to optimize productivity and sustainability. By offering soil and leaf test-based fertilizer recommendations, we help farmers make informed, tailored decisions for specific crops, regions, and seasons. This first-of-its-kind laboratory will change the game for farmers in being able to predict better outcomes through the precise nutrient insights.”

To boost engagement with farmers, this laboratory has automated soil testing service requests and the delivery of detailed test reports using Salesforce CRM. Farmers receive timely, data-driven recommendations directly on their mobile phones. Additionally, the laboratory’s services are integrated with the Gromor Nutri Advisory Portal, which offers stage-wise fertilizer recommendations tailored to soil data and crop needs.

The lab features advanced equipment such as