Secunderabad, 26th July 2016: Coromandel International Limited, in the business segments ofNutrient & other allied business and Crop Protection has reported the unaudited financial results forthe quarter ending 30th June 2016.
Consolidated performance for the quarter ended 30th June 2016
During the quarter ended 30 June 2016 the Company’s consolidated turnover is 
2060 crore incomparison to the corresponding quarter last year of 2204 crore. Profit before depreciation,interest and taxes (EBITDA) for the quarter ended 30 June 2016 is 89 crore against correspondingquarter last year of 92 crore. Consolidated net profit after tax for the quarter is 8 crore as against15 crore in corresponding quarter last year.
Standalone performance for the quarter ended 30th June 2016
During the quarter ended 30 June 2016, the standalone turnover is 2057 crore in comparison tothe corresponding quarter last year of 2200 crore. Profit before depreciation, interest and taxes(EBITDA) for the quarter ended 30 June 2016 is 89 crore against corresponding quarter last yearof 91 crore. Net profit after tax for the quarter is 8 crore against corresponding quarter last year14 crore.
Commenting on the financial results, Mr. Sameer Goel said “”International prices of fertiliser havesoftened which helped in bringing down farm gate prices of phosphatic and potassic fertilisers,thereby benefiting the farming community. However, sharp correction in fertiliser prices ahead ofthe consumption season has impacted pipeline stocks which affected the performance of fertiliserbusiness. Our Crop Protection business has been witnessing robust growth and has performed wellduring the quarter. With near normal monsoon, improved crop sowings and stability in fertiliserprices, we expect demand for agri inputs to pick up. We are confident that our concentrated focus inproviding quality inputs and services shall enable us to transform the lives of the farming fraternity””
About Coromandel International Limited
Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in thebusiness of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Companymanufactures a wide range of fertilisers, making it a leader in its addressable markets. In its endeavorto be a complete plant nutrition solutions Company, Coromandel has also introduced a range ofSpecialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandelis also pioneer in marketing Organic Fertilisers. The crop protection business has wide range oftechnicals, which we also export to various countries. Coromandel has a pan India presence fordistribution of these products, besides its own retail outlets. Coromandel has ventured into the retailbusiness and has set up close to 800 rural retail centers in the States of AndhraPradesh, Telanganaand Karnataka. The Company clocked a turnover of 11,625 Crores during FY 2015-16.Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting itscommitment to the environment and society. Coromandel is a part of the 295 Billion MurugappaGroup.
About Murugappa Group
Founded in 1900, the 295 Billion Murugappa Group is one of India’s leading businessconglomerates. The Group has 28 businesses including nine listed Companies traded in NSE &BSE. Headquartered in Chennai, the major Companies of the Group include CarborundumUniversal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MSGeneral Insurance Company Ltd., Coromandel International Ltd., Coromandel EngineeringCompany Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd,Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd. Market leaders inserved segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, FarmInputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strongalliances with leading international companies such as Groupe Chimique Tunisien, Foskor, MitsuiSumitomo, Morgan Advanced Materials, Sociedad QuÃmica y Minera de Chile (SQM), Yanmar &Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presenceall over India and spanning 6 continents.Renowned brands like BSA, Hercules, Montra, Ladybird,Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from theMurugappa stable. The Group fosters an environment of professionalism and has a workforce ofover 32,000 employees. For more details, visit www.murugappa.com
