Coromandel posts steady performance – Turnover crosses INR 11500 crores
27th April 2016: Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business segments of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the audited financial results for the quarter and year ended 31st March 2016.
The Board has recommended a dividend of 4/- per share (400% on face value of
1 per share)
Consolidated performance for the year ended 31st March 2016 and Q4 (Jan 16-Mar 16)
During the quarter ended 31 March 2016, the Company’s consolidated turnover is 3021 crores incomparison to the corresponding quarter last year of
2998 crores. Profit before depreciation, interest andtaxes (EBITDA) for the quarter ended 31 March 2016 is
200 crores against corresponding quarter last yearof
160 crores registering a growth of 25%. Consolidated net profit after tax for the quarter is
93 crores asagainst
69 crores in corresponding quarter last year.
For the year ended March 2016, the Company’s consolidated turnover is 11522 crores in comparison to theprevious year turnover of
11306 crores. Consolidated profit before depreciation, interest and taxes(EBITDA) for year ended March 2016 is
772 crores as against previous year of
853 crores. Consolidatednet profit after tax is
361 crores as against
402 crores in the previous year.
Standalone performance for the year ended 31st March 2016 and Q4 (Jan 16-Mar 16)
During the quarter ended 31 March 2016, the standalone turnover is 3019 crores in comparison to thecorresponding quarter last year of ? 2985 crores. Profit before depreciation, interest and taxes (EBITDA) forthe quarter ended 31 March 2016 is ? 200 crores against corresponding quarter last year of ? 160 crores. Netprofit after tax for the quarter is ? 92 crores against corresponding quarter last year ? 69 crores.
On a standalone basis, the turnover for the year ended March 2016 is ? 11500 crores as against previous yearof ? 11285 crores. Profit before depreciation, interest and taxes (EBITDA) for the year ended March 2016 is 771 crores against previous year of
853 crores. Net profit after tax is
361 crores as against
403 croresin the previous year.
Commenting on the financial results, Mr. Sameer Goel said “”The Company has done well in all its segmentsdespite erratic monsoons and tough market conditions. With our agility to respond to customer needs andour strong presence in Fertilisers, Crop Protection and Retail, we shall continue to enhance value of all ourstakeholders. With the rural & agricultural reforms beginning to take shape and an ‘above normal’ monsoonprojected for Kharif’16, we expect a positive consumer sentiment and a strong demand for the sector, goingforward.””
About Coromandel International Limited
Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business ofFertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range offertilisers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutritionsolutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising ofwater soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. Thecrop protection business has wide range of technicals, which we also export to various countries. Coromandelhas a pan India presence for distribution of these products, besides its own retail outlets. Coromandel hasventured into the retail business and has set up close to 800 rural retail centers in the States of AndhraPradesh, Telangana and Karnataka. The Company clocked a turnover of 11,500 Crores during FY 2015-16.Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitmentto the environment and society. Coromandel is a part of the INR 269 Billion Murugappa Group.
About Murugappa Group
Founded in 1900, the INR 269 Billion Murugappa Group is one of India’s leading business conglomerates.The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered inChennai, the major Companies of the Group include Carborundum Universal Ltd., CholamandalamInvestment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., CoromandelInternational Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro IndustriesLtd., Parry Sugar Industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles,Sugar, Farm Inputs, 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. andCompagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over Indiaand spanning 6 continents.
Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles,Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strongalliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo,Morgan Advanced Materials, Sociedad QuÃmica y Minera de Chile (SQM), Yanmar & Co. and CompagnieDes Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning6 continents. Renowned brands like BSA, Hercules, Montra, Ballmaster, Ajax, Parry’s, Chola, Gromor,Shanthi Gears and Paramfos are from the Murugappa stable. For more details, visit www.murugappa.com
