Coromandel International Q4 net surges ₹578 crore
Murugappa Group company Coromandel International reported consolidated net profit for March quarter surged to ₹578 crore from ₹164 crore a year earlier on the back of sustained momentum across its businesses.
The net profit came on a nearly 28% increase in total income to ₹5,114 crore (₹3,996 crore). For FY25, the agriculture solutions provider's net profit was 25% higher at ₹2,055 crore (₹1,641 crore) on a nearly 10% increase in total income to ₹ 24,444 crore (₹22,290 crore)
The company has declared a dividend of ₹9 per share (face value of ₹1 each) for 2024-25.
A strong performance for FY24-25, it was 'driven by sustained momentum across our businesses. Our growth was supported by higher sales volumes, improved operational efficiency, and disciplined execution of strategic initiatives,' said MD and CEO S. Sankarasubramanian. Coromandel shares closed 1.33% lower on Wednesday at ₹2,214.70 each on the BSE.
Coromandel operates across diverse segments, including fertilisers, crop protection chemicals, bio products, specialty nutrients and organic fertilisers. It is also forayed into the emerging agri-drone spraying services.
The company's board has approved the appointment of Natarajan Srinivasan as executive vice chairman.
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