The company posted a consolidated net profit of ₹381 crore for the quarter ended June 30, down from ₹505 crore a year earlier.
Revenue from operations increased to ₹8,165 crore, compared with ₹7,042 crore in the corresponding quarter last year.
The contrasting performance suggests that while sales remained robust, higher costs and pressure on profitability weighed on the bottom line.
Margins come under pressure
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 3.4% year-on-year to ₹756 crore from ₹782 crore.
The EBITDA margin narrowed to 9.3% from 11.1% in the year-ago period.
A lower EBITDA margin means the company earned less operating profit from every rupee of revenue than it did a year ago, reflecting pressure on operating efficiency.
NACL acquisition affects comparison
Coromandel said the year-on-year comparison is not directly comparable, as its consolidated financial statements now include NACL Industries Ltd., in which it acquired a 53.08% stake in August 2025.
The acquisition, accounted for under Ind AS 103 (Business Combinations), relates to the company’s crop protection business and has impacted the comparability of the June-quarter results with the corresponding period last year.
In simple terms, the company is now reporting a larger business than it was a year ago, making like-for-like comparisons less meaningful.
Coromandel operates across two business segments — Nutrient and Other Allied Business and Crop Protection.
Shares of Coromandel International were trading 1% lower at ₹2,019 on the National Stock Exchange in afternoon trade.
Coming off a weak March quarter
The June-quarter performance follows a weak finish to FY26.
Coromandel International had reported a 76% decline in net profit for the March quarter, with PAT falling to ₹140 crore from ₹580 crore a year earlier.
The company had recorded an exceptional loss of ₹70.6 crore during the quarter, compared with an exceptional gain of ₹347 crore in the corresponding period of the previous fiscal, making the sharp decline in profit largely a result of one-off items rather than the underlying business.
Despite the profit decline, revenue had increased 20.4% year-on-year to ₹6,004 crore from ₹4,988 crore.
EBITDA rose 14.6% to ₹488 crore from ₹426 crore, although the EBITDA margin narrowed to 8.1% from 8.5%.
The company’s board had also approved a final dividend of ₹2 per equity share, payable on or before August 21, 2026, with July 16, 2026 fixed as the record date.
