Indian fertiliser maker Coromandel posts profit jump on strong demand

Coromandel International

30/04/2025 10:57

April 30 (Reuters) - Coromandel International CORF.NS posted a 73% jump in fourth-quarter profit on Wednesday, boosted by strong demand.

The fertiliser maker's consolidated pre-tax profit rose to 3.84 billion rupees ($45.38 million) in the quarter ended March 31, from 2.22 billion rupees a year earlier.

Revenue from operations rose about 27.5% to 49.88 billion rupees, with revenue from its top fertiliser and nutrients business growing 28.2%.

For further results highlights, click here.

KEY CONTEXT

Fertiliser companies such as Coromandel will outperform their agrochemical peers in the fourth quarter, according to analysts, as volume growth, price hikes and demand for complex fertilisers lift profitability.

Peers Deepak Fertilisers and Petrochemicals DPFE.NS and Chambal Fertilisers and Chemicals CHMB.NS are yet to post results.

PEER COMPARISON

Estimates (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth(%)
Profit growth(%)
Mean rating*
# of analysts
Stock to price target**
Div yield(%)
Coromandel International
CORF.NS
30.02
19.82
4.42
19.43
BUY
9
1.08
0.33
Deepak Fertilisers and Petrochemicals Corp
DPFE.NS
15.88
8.58
10.69
17.14
BUY
1
0.90
0.65
SRF
SRFL.NS
50.40
26.36
15.02
49.23
HOLD
27
1.16
0.28
Sumitomo Chemical India
SUMH.NS
38.71
28.82
17.84
22.56
BUY
7
0.86
0.18

* The mean of analysts' ratings standardized to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JAN-MAR STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 84.6280 Indian rupees

CORF https://tmsnrt.rs/3YPdN0r

 (Reporting by Aleef Jahan; Editing by Janane Venkatraman)

 ((aleefjahan.cs@thomsonreuters.com))