Coromandel posts turnover of INR 11,285 crore and PAT of INR 403 crore
30th Apr 2015: Coromandel International Limited, India’s leading manufacturer of a wide range of Fertilisers, CropProtection Products and Specialty Nutrient Products, has reported the audited financial results for thequarter and year ended 31st March 2015.
The Board has recommended a final dividend of 2.50/- per share (250% on face value of
1 per share).With the interim dividend of
2/- per share approved by Board earlier total dividend is
4.50/- per share(450% on face value of
1 per share).
Consolidated performance for the year ended 31st March 2015 and Q4 (Jan 15-Mar 15)
During the quarter ended 31 March 2015 the Company’s consolidated turnover is 2998 crore registeringa growth of 37% in comparison to the corresponding quarter last year of
2184 crore Profit beforedepreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2015 is
160 crore againstcorresponding quarter last year of
179 crore. Consolidated net profit after tax for the quarter is
69crore as against
80 crore in corresponding quarter last year.
For the year ended March 2015 the Company’s consolidated turnover is 11306 crore registering a growthof 12% over previous year turnover of
10053 crore. Consolidated profit before depreciation, interest andtaxes (EBITDA) for year ended March 2015 is
853 crore against previous year of
805 crore registeringa growth of 6%. Consolidated net profit after tax is
402 crore as against
365 crore in the previous year.
Standalone performance for the year ended 31st March 2015 and Q4 (Jan 15-Mar 15)
During the quarter ended 31 March 2015, the standalone turnover (including erstwhile Sabero OrganicsGujarat Limited) is 2985 crore in comparison to the corresponding quarter last year of
2031 crore.Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2015 is
160crore against corresponding quarter last year of
163 crore. Net profit after tax for the quarter is
69crore against corresponding quarter last year
77 crore.
On a standalone basis the turnover (including erstwhile Sabero Organics Gujarat Limited) for the yearended March 2015 is 11285 crore as against previous year of
9381 crore registering a growth of 20%.Profit before depreciation, interest and taxes (EBITDA) for the year ended March 2015 is
853 croreagainst previous year of
739 crore registering a growth of 16%. Net profit after tax is
403 crore asagainst
345 crore in the previous year.
Commenting on the financial results, Mr. V. Ravichandran – Vice Chairman said “With reforms aimed atbalanced use of fertilisers and improvement in soil health conditions, fertiliser industry is poised fortransformation. With strong presence in Fertilizers, Crop Protection and large captive retail network, thecompany is confident of leveraging its competitive advantage for delivering enhanced value to all itsstakeholders. Though the unseasonal rains and cost push pressures have impacted margins in the lastquarter, with softening in key input raw material prices we expect to sustain our growth momentum.â€.
About Coromandel International Limited:
Coromandel International Limited, India’s second largest Phosphatic fertilizer player, is in the businesssegments of Fertilizers, Specialty Nutrients, Crop Protection and Retail. The Company manufactures awide range of fertilizers and markets around 3.2 million tons making it a leader in its addressable markets.
In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced arange of Specialty Nutrient products including Organic Fertilizers. The Crop Protection business producesinsecticides, fungicides and herbicides and markets these products in India and across the globe.Coromandel is the second largest manufacturer of Malathion and only the second manufacturer ofPhenthoate. Coromandel has also ventured into the retail business setting up more than 700 rural retailcenters in the States of Andhra Pradesh and Karnataka.
The Company clocked a turnover of 11,285 Crore during FY 2014-15. lt was ranked among the top 20best companies to work for by Business Today and was also voted as one of the ten greenest companies inIndia by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the
243 Billion Murugappa Group.
About Murugappa Group
Founded in 1900, the 243 Billion Murugappa Group is one of India’s leading business conglomerates.The Group has 28 businesses including ten 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.,Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., ParryAgro 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 like Groupe Chimique Tunisian, Foskor, Mitsui Sumitomo,Morgan Crucible, Sociedad QuÃmica y Minera de Chile (SQM), Yanmar & Co. and and Compagnie DesPhosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6continents.
Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears andParamfos are from the Murugappa stable. The organization fosters an environment of professionalism andhas a workforce of over 32,000 employees.
