Coromandel International Ltd Share Price – NSE  /  BSE

Fertilizers, Small Cap

The Board of Coromandel International approved the retirement of A Vellayan from the post of Chairman and Non-Executive Director with effect from the close of 25 April 2024. He is appointed as Chairman Emeritus effective 26 April 2024.

Consequent to his retirement, the board approved the appointment and redesignation of Arun Alagappan as Executive Chairman.

Board also announced retirement of M M Venkatachalam from the position of Non-Executive Director with effect from the close of 25 April 2024

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Net profit of Coromandel International declined 34.95% to Rs 160.31 crore in the quarter ended March 2024 as against Rs 246.44 crore during the previous quarter ended March 2023. Sales declined 28.55% to Rs 3912.72 crore in the quarter ended March 2024 as against Rs 5475.82 crore during the previous quarter ended March 2023.

For the full year,net profit declined 18.42% to Rs 1642.19 crore in the year ended March 2024 as against Rs 2012.93 crore during the previous year ended March 2023. Sales declined 25.55% to Rs 22058.39 crore in the year ended March 2024 as against Rs 29627.90 crore during the previous year ended March 2023.

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Net profit of Coromandel International declined 19.91% to Rs 209.46 crore in the quarter ended March 2024 as against Rs 261.53 crore during the previous quarter ended March 2023. Sales declined 28.71% to Rs 3899.84 crore in the quarter ended March 2024 as against Rs 5470.66 crore during the previous quarter ended March 2023.

For the full year,net profit declined 15.50% to Rs 1719.25 crore in the year ended March 2024 as against Rs 2034.67 crore during the previous year ended March 2023. Sales declined 25.60% to Rs 22029.21 crore in the year ended March 2024 as against Rs 29609.55 crore during the previous year ended March 2023.

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Coromandel International announced that the Board of Directors of the Company at its meeting held on 25 April 2024, has recommended a Final dividend of Rs.6 per share (i.e.600%), subject to the approval of the shareholders.

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