Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Coromandel International posts Q4, FY 2018-19 results

Posted On: 2019-04-24 09:43:44

Coromandel International Limited, India's leading agri solutions provider is in the business of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail. The Company has reported the financial results for the quarter ended 31 March 2019.

Consolidated performance for the quarter ended 31 March 2019

Q4 Total Income up by 9%, PAT up by 22%

The Company's consolidated total income grew by 9% during the quarter ended 31 March 2019. Total Income for the quarter is Rs. 2,647 crores in comparison to the corresponding quarter last year of Rs.2,428 crores. Profit before depreciation, interest, taxes and exceptional item (EBITDA)for the quarter ended 31 March 2019 has Increased by 40% to Rs. 259 crores vs. Rs.185 crores during corresponding quarter last year. Consolidated net profit after tax for the quarter is Rs. 110 crores in comparison to Rs.90 crores for the corresponding quarter last year.

For the year ended 31 March 2019, the Company's consolidated total income is Rs. 13,262 crores (PY Rs. 11,187 crores) registering growth of 19%. Profit before depreciation, interest, taxes and exceptional item (EBIDTA) is Rs. 1,443 crores (PY Rs. 1,256 crores) and profit after tax is Rs.720 crores (PYRs.691 crores).

Standalone performance for the quarter ended 31 March 2019

The Company's total income grew by 9 % to Rs2642 crores during the quarter ended 31 March 2019 in comparison to the corresponding quarter last year of Rs. 2,432 crores. Profit before depreciation, interest, taxes and exceptional item (EBITOA) for the quarter ended 31 March 2019 has increased by 43% to Rs. 256 crores vs. Rs. 179 crores during corresponding quarter of last year. Net profit after tax for the quarter is Rs. 107 crores in comparison to Rs.85 crores for the corresponding quarter last year.

For the year ended 31 March 2019, the Company's total income is Rs. 13,240 crores (PY Rs. 11,168 crores) registering growth of 19%. Profit before depreciation, interest, taxes and exceptional item (EBITDA) is Rs. 1,437 crores (PY Rs. 1,246 crores) and profit after tax is Rs. 714 crores (PYRs.685 crores).

Commenting on the financial results, Mr. Sameer Goel - Managing Director, Coromandel International Limited, said: "Coromandel has reported a good quarter, driven by its performance in Nutrients and allied businesses. This was despite a deficit in the North east monsoon, which impacted the sowing and agri input consumption in the Company's key markets.

For the year 2018-19, Coromandel has made an all-round progress by improving its customer engagement, branding capabilities and furthering its operational efficiencies. The Company has strengthened its R&D,product development and registration functions. During the year, Company has introduced ten new products in nutrient and crop protection businesses. It has established key partnerships in the areas of research, technology, sourcing and marketing to meet its growth aspirations.

The Integrated Nutrient Structure continued to support the channel and farmer activation initiatives, improving the Company's market share in its key operating states. Major infrastructure projects are progressing well and are expected to improve the operational flexibility. Coromandel's Retail business strengthened its technology interventions in the areas of crop diagnostics, farm advisory and farm mechanization.

Crop Protection Business registered revenue increase of 8% during the year, growing in domestic and international markets. The business is actively pursuing new product development and has successfully launched five products during the year, including two in house patented combinations. Recently acquired Bio pesticide business has enabled access to developed markets like USA, Canada and Europe and provided presence in complementary product segments. The Biobusiness has performed well during the year, improving its product offerings, sourcing capabilities and extraction efficiencies.

With a stable business environment, government's agrarian reforms and forecast of a near normal monsoon, we expect a healthy growth infarm sector during 2019. Coromandel will continue to focus on improving its customer connect and develop its research and agri-technology interventions to improve its farmer value proposition. Coromandel, with its position as a leading agri solution provider, will continue to drive farm productivity and support farmer's prosperity."

Shares of COROMANDEL INTERNATIONAL LTD. was last trading in BSE at Rs.425 as compared to the previous close of Rs. 430.85. The total number of shares traded during the day was 5014 in over 330 trades.

The stock hit an intraday high of Rs. 435.9 and intraday low of 422.7. The net turnover during the day was Rs. 2153904.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Zensar expands operations in Cape Town, South Africa

Bajaj Finance Limited board to consider Q1, H1 results on Oct 22, 2019

Indo National Ltd to provide Rs. 3.50 crore corporate guarantee to Kineco Ltd

Manappuram Finance Ltd to allot NCDs aggregating Rs. 465 crores

Newgen extends support to 2,800 children through Shikshaantra Plus program in Govt. Primary School in Harkesh Nagar, Okhla, New Delhi

Federal Bank partners with Pine Labs to enable debit card EMIs

ADOR Fontech Ltd allots 1,75,00,000 bonus equity shares

Infosys Finacle and R3 Conclude Global Trial of Blockchain Based Trade Finance

TCS BaNCS™ Launches Real-time Payments Solution in Multiple Markets to Fuel lnnovation and Enable New Business Models

Thomas Cook India reiterates that there is no impact due to Thomas Cook PLC collapse in the UK

KPR Group brings its organic innerwear collection to Hyderabad

BHEL commissions five units of Kaleshwaram Lift Irrigation Scheme Package 8 (7x139 MW) in Telangana

Prism Johnson Ltd board to consider Q2, H1 results on Nov 5, 2019

Canara Bank to sell its 30% stake in Commonwealth Trust India Ltd

Bajaj Holdings & Investment Ltd board to consider Q2, H1 results on Oct 23, 2019

Cella Space Ltd board to consider availing loan of Rs. 20.80 crore

Punjab & Sind Bank reports Borrowal Fraud of exposure in Era Infra Engineering Limited

Alembic Pharmaceuticals Limited announces completion of USFDA Inspection at Aleor Dermaceuticals Limited

G M Breweries Ltd board to approve Q2, H1 results on Oct 10, 2019

AP Cargo reinforces digital transformation with the implementation of Ramco Logistics Software

2019 the Year of Awards for Intellect GTB (iGTB) Clients: Exclusive Sponsor of the Eighth Annual Transaction Banking Awards Ceremony

Impact of corporate tax announcement on PNB Housing Finance

Indoco successfully completes UK-MHRA inspection at Goa Plant II

Cadila Healthcare Ltd's API facility at Ankleshwar gets EIR from USFDA

IOB raises Rs. 500 cr through Basel III Tier II bonds issue

Intellect Expands Senior Leadership with the Appointment of Vikram Sud as iGTB's Strategic Advisor

Varun Beverages Ltd sees minimal impact on GST increase for Caffeinated Drinks

L&T Construction commences execution of one of India's Largest Communication Network for T-Fibre

U.S. FDA completes inspection of Lupin's Tarapur facility

Petronet LNG inks MOU with Tellurian Inc.

Cipla Ltd receives EIR from USFDA for API facility at Virgonagar

Spirit of Wipro Run Brings Together Participants from 110 Cities Across 34 Nations

Cigniti Technologies Ltd bags 'Corporate Leader of the Year' award at I-ACE awards

Thyrocare Technologies Ltd updates on stake sale in Nueclear Healthcare Ltd

Thomas Cook India, a separate entity and Thomas Cook UK has no stake in India Company

Shri P Jayarama Bhat elected as the Chairman of the governing board of SIBSTC, Bengaluru

Bricwork revises credit rating of Edelweiss Financial Services' NCDs

Capital India Finance Ltd acquires stae in Rapipay Fintech Holding Pvt Ltd

Ravindra Energy Ltd bags contract

Bank of Maharashtra and Paisalo Digital Limited sign Co-Origination of Loan Agreement

Shilpa Medicare Ltd gets shareholders nod for final dividend

Fredun Pharmaceuticals Ltd receives award from Saraswat Co-Operative Bank Ltd

Jump Networks Ltd inks agreement to become the principal sponsor of The Forca Goa Foundation

Sundaram-Clayton Ltd board to approve quarterly results on Oct 18, 2019

Filatex India Ltd updates on expansion project

Karnataka Bank wins ET BUSINESS EXCELLENCE AWARD 2019

Biocon Ltd updates on pre-approval inspection by US FDA

Dhunseri Ventures Limited updates on ratings

Wanbury Ltd approves debt settlement and fund raising through brand sale

ICRA updates on Canara Bank's Basel III compliant Tier II bonds







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019