Latest news with #NatarajanSrinivasan
United News of India
30-04-2025
- Business
- United News of India
Coromandel International Q4FY25 net profit jumps to Rs 578 cr
Hyderabad, Apr 30 (UNI) Coromandel International Limited, one of India's leading Agri-solutions providers, on Wednesday reported that its consolidated net profit jumped to Rs 578 crore for the quarter ended March 31, 2025, from Rs 164 crore in the corresponding quarter in previous year. The company's consolidated total income during the quarter was Rs. 5,114 crore as compared Rs. 3,996 crore in Q4 of previous year, the company said in a statement. However, for the year ended March 31, 2025, the company's consolidated net profit was Rs. 2,055 crore as against Rs. 1,641 crore in previous year.. The Company operates across diverse segments including Fertilisers, Crop Protection Chemicals, Bio Products, Specialty Nutrients, and Organic Fertilisers. Coromandel has also strengthened its presence in the Agri-retail sector and made significant strides in the emerging Agri-drone spraying services. The Board of Directors of the company has approved the financial results of the company for the quarter and year ended 31st March 2025. Additionally, the Board has recommended a final dividend of Rs. 9 per share (900% on face value of Rs. 1 per equity share) for the financial year 2024-25. The Board has also approved the appointment of Natarajan Srinivasan as Executive Vice Chairman. Commenting on the financial results, S Sankarasubramanian, Managing Director & CEO, Coromandel International Limited said, We are pleased to report a strong performance for FY24-25, driven by sustained momentum across our businesses. Our growth was supported by higher sales volumes, improved operational efficiency, and disciplined execution of strategic initiatives. Our Nutrient and Crop Protection segments witnessed robust growth, complemented by encouraging farmer response to our new initiatives like Gromor Drive – Agri drone spraying and Nano fertilisers. The Retail business expanded its footprint with 100 new stores and entry into Maharashtra and Tamil Nadu, crossing the 900-store mark, he said. On the manufacturing front, rock production at our mining site BMCC, Senegal stabilised, and we increased our stake to 53.8 percent. The upcoming Phosphoric acid and sulphuric acid project at Kakinada (Andhra Pradesh) is progressing as per plan and will be commissioned early next year, Sankarasubramanian said. Alongside this, the setting up of the new Granulation Train at Kakinada aligns with our commitment to ensure availability of high-quality NPK fertilisers to the farming community across India. These projects are aligned with our vision of achieving greater self-reliance in phosphatic fertilisers and building a more resilient, integrated supply chain, the Coromandel International CEO said. In Crop Protection, capacity enhancements at Dahej and the new plant at Ankleshwar are building scale, while the NACL acquisition will expand our product portfolio and market presence internationally, he added. UNI KNR CS
The Hindu
30-04-2025
- Business
- The Hindu
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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Business Standard
30-04-2025
- Business
- Business Standard
Coromandel International Q4 results: Profit rises over two-fold to ₹578 cr
Coromandel International, one of India's leading agri-solutions providers, has posted an over two-fold jump in its consolidated net profit for the fourth quarter of the financial year 2024-25 to Rs 578 crore, as against Rs 164 crore during the January to March quarter of 2023-24. Coromandel's total income for the quarter ended March 2025 was at Rs 5,114 crore versus Rs 3,996 crore for the quarter ended March 2024, up 28 per cent. The profit after tax for the financial year was up by 25 per cent to Rs 2,055 crore as against Rs 1,641 crore in the previous year. Coromandel's total income for FY25 was at Rs 24,444 crore versus Rs 22,290 crore in the previous year. "We are pleased to report a strong performance for FY25, 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 S Sankarasubramanian, managing director and chief executive officer, Coromandel International. The board has recommended a final dividend of Rs 9 per share (900 per cent on face value of Rs 1 per equity share) for the financial year 2024-25. The board has also approved the appointment of Natarajan Srinivasan as executive vice chairman. He brings with him a wealth of experience and strategic acumen, further strengthening the leadership team as the company enters its next phase of growth and transformation. "Our Nutrient and Crop Protection segments witnessed robust growth, complemented by encouraging farmer response to our new initiatives like Gromor Drive – agri drone spraying and nano fertilisers. The retail business expanded its footprint with 100 new stores and entry into Maharashtra and Tamil Nadu, crossing the 900-store mark. On the manufacturing front, rock production at our mining site BMCC, Senegal stabilised, and we increased our stake to 53.8 per cent," he added. "The upcoming phosphoric acid and sulphuric acid project at Kakinada is progressing as per plan and will be commissioned early next year. Alongside this, the setting up of the new granulation train at Kakinada aligns with our commitment to ensure availability of high-quality NPK fertilisers to the farming community across India. These projects are aligned with our vision of achieving greater self-reliance in phosphatic fertilisers and building a more resilient, integrated supply chain. In Crop Protection, capacity enhancements at Dahej and the new plant at Ankleshwar are building scale, while the NACL acquisition will expand our product portfolio and market presence internationally," Sankarasubramanian said.
