Q2 2025 Coromandel International Ltd Earnings Call Transcript
Key Points
- Coromandel International Ltd (BOM:506395) reported a 13% growth in production over the previous year, achieving record performance in fertilizer operations.
- The company has successfully restarted its Phosphoric and Sulfuric acid plants, with a new project at Kakinada progressing as planned, expected to be commissioned by March 2026.
- Coromandel International Ltd (BOM:506395) has increased its market share in the fertilizer sector, with a significant rise in consumption from 15% to 20% compared to last year.
- The company has launched new products, including a combination of NNP and SSP, which have been well-received in the market, providing a good substitute for DAP.
- The crop protection business has shown improved profitability, with a 20% volume growth in domestic formulations and a 10% increase in exports.
- The company's consolidated total income for the half-year decreased by 4% compared to the previous year, primarily due to a drop in subsidy rates in the fertilizer business.
- Net profit after tax for the quarter was INR659 crores, down from INR755 crores in the corresponding quarter last year.
- There have been challenges in DAP availability due to supply chain issues and global geopolitical situations, although improvements are underway.
- Raw material prices have started to rise again after reaching lows in June and July, impacting production costs.
- The company has received lower subsidy claims this year compared to the previous year, affecting cash flow and working capital levels.
Ladies and gentlemen, good day. And welcome to the Coromandel International Ltd Q2 FY25 functions call hosted by DAM Capital Advisors Limited. As a reminder, all parts of the lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please sign an operator by pressing star then zero on your phone.
Please note that this conference is being recorded. I now hand the conference over to Mr Nitin Agarwal from DAM Capital Advisors. Thank you and over to you, sir.
Thank you, Siddhant. Hi, good afternoon, everyone and a very, very warm welcome to Coromandel International's Q2 FY25 post results earnings call hosted by DAM Capital Advisors Limited on the call. Today we have representing Coromandel International Management. Mr Sankarasubramanian S, Managing Director and Chief Executive Officer, Dr. Raghuram Devarakonda, Executive Director CPC Bio and Detail Business and
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