Page 4 - Coromandel International

State govt will bear medical expenses of those affected in Ennore gas leak

According to DIG, Joint Commissioner Avadi, Vijayakumar, "There are no more gas (ammonia) leaks at Ennore. People are back home. Medical and police teams are present at the spot"

Coromandel International Q2 results: Net profit rises 2% to Rs 755 crore

Coromandel's total income for the quarter ended September 2023 was at Rs 7,033 crore, versus Rs 10,145 crore for the quarter ended September 2022

Coromandel commissions Rs 400 cr sulphuric acid unit in Visakhapatnam

Fertiliser firm says it will also set up desalination plant to meet its requirements

Coromandel arm Dhaksha bags Rs 165 crore drone order for Indian army

Recently, Dhaksha also secured a contract from agricultural inputs cooperative Iffco to supply 400 agri-spraying drones

Coromandel International outlines Rs 2,000 crore capital expenditure in Q1

During the first quarter of the financial year, the company had posted profit before interest and tax for the quarter was Rs 55 crore

Coromandel International posts consolidated net profit of Rs 494 cr in Q1

Coromandel's total income for the quarter ended June 2023 was also down marginally to Rs 5,738 crore versus Rs 5,783 crore for the quarter ended June 2022

Murugappa Group posts 24% rise in net profit to Rs 6,846 crore in 2022-23

The group registered a growth of 35.8 per cent in turnover during the year to Rs 74,220 crore compared to Rs 54,648 crore in 2021-22

Coromandel International buys 32.68% in drone major Dhaksha for Rs 204 cr

The Murugappa Group had earlier acquired 18.34 per cent in Daksha through its investment arm Dare Ventures

Murugappa's Coromandel International plans Rs 2K cr investment by 2025

Murugappa Group firm says government's 'One Nation, One Fertiliser' scheme has no impact on its business

Coromandel International posts Q4 consolidated net at Rs 246.44 crore

Agriculture solutions provider Coromandel International has reported consolidated net profit at Rs 246.44 crore for the quarter ending March 31, 2023, the company said on Tuesday. The consolidated net profit stood at Rs 289.79 crore recorded in the corresponding quarter of the previous year. For the year ending March 31, 2023, the consolidated net profit surged to Rs 2,012.93 crore from Rs 1,528.46 crore recorded in the corresponding quarter of the previous year. Total income during the January-March 2023 quarter on a consolidated basis stood at Rs 5,522.68 crore as against Rs 4,303.60 crore recorded in the corresponding quarter of the previous year. For the year ending March 31, 2023 the consolidated total income went up to Rs 29,799.03 crore from Rs 19,255.12 crore registered a year ago. The Board of Directors had approved the financial results of the company for the quarter and year ended March 31, 2023. The Board has recommended a final dividend of Rs 6 per share for the fina

Fertiliser firm Coromandel International's Q4 profit up 18% at Rs 290 cr

Company says 'strong growth' in products portfolio helped performance

Coromandel International posts 15% YoY drop in Q4 PAT amid rise in costs

Indian agricultural chemicals maker Coromandel International Ltd reported a 15% fall in its quarterly profit on Monday, as soaring costs offset growing demand

Coromandel International to enter into fertilisers, industrial chemicals

Coromandel International Ltd, which is into fertilisers and crop protection chemicals businesses, on Wednesday said it will diversify into speciality and industrial chemicals. Coromandel International is in the business of fertilisers, crop protection chemicals, bio-products, speciality nutrients, organic fertilisers and retail. In a statement, the company said that its Board approved a plan to expand its operations in crop protection chemicals and foray into Contract Development & Manufacturing Organisation (CDMO) business. The Board also approved the plan to diversify into new growth areas, namely speciality and industrial chemicals. "This is in line with the company's strategy to establish a sizeable presence in the crop protection chemicals business and leverage its deep technical capabilities and best-in-class infrastructure to enter into adjacencies like CDMO, speciality and industrial Chemicals," it added.

IFFCO, Coromandel International to manufacture Nano DAP for 3 years: Govt

Fertiliser cooperative major IFFCO and Coromandel International Ltd (CIL) will manufacture Nano DAP for a period of three years. A notification in this regard was issued on March 2, Minister of State for Chemicals and Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha on Friday. Di Ammonium Phosphate (DAP) is the second most widely consumed fertiliser after urea in the country. The minister further said IFFCO has informed that it is setting up a Nano DAP plant at its Kalol unit, Gujarat with a production capacity of 2 lakh bottles of 500 ml per day. "Nano DAP will be available in the market across the country after commencement of commercial production," he added. On its benefits, the minister shared that preliminary field trials were conducted by IFFCO and CIL on select crops in select institutes of Indian Council of Agricultural Research (ICAR). The report has indicated that with the use of Nano DAP as seed treatment and foliar application, there is a ...

IFFCO, Coromandel International to manufacture Nano DAP for 3 years: Govt

The government on Friday said fertiliser cooperative major IFFCO and state-owned Coal India Ltd (CIL) will manufacture Nano DAP for a period of three years. A notification in this regard was issued on March 2, Minister of State for Chemicals and Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha. Di Ammonium Phosphate (DAP) is the second most widely consumed fertiliser after urea in the country. The minister further said IFFCO has informed that it is setting up a Nano DAP plant at its Kalol unit, Gujarat with a production capacity of 2 lakh bottles of 500 ml per day. "Nano DAP will be available in the market across the country after commencement of commercial production," he added. On its benefits, the minister shared that preliminary field trials were conducted by IFFCO and CIL on select crops in select institutes of Indian Council of Agricultural Research (ICAR). The report has indicated that with the use of Nano DAP as seed treatment and foliar application

Coromandel International logs Q3 standalone profit after tax at Rs 539 cr

Coromandel International Ltd has reported standalone profit after tax at Rs 539 crore upby 42 per cent during the quarter ending December 31, 2022, the company said on Thursday. The city-based diversified conglomerate Murugappa Group company had registered standalone profit after tax at Rs 379 crore last year. Total income during the quarter under review surged to Rs 8,350 crore as against Rs 5,101 crore registered last year. Profit after tax for the nine month period ending December 31, 2022 grew to Rs 1,773 crore upby 44 per cent from Rs 1,229 crore registered corresponding period of last year. Total income during the nine month period ending December 31, 2022 stood at Rs 24,265 crore as compared to Rs 14,937 crore registered last year. The revenue from the nutrient and allied business during the quarter under review was at Rs 7,710 crore as against Rs 4,483 crore registered in December 2021. Crop protection business generated revenues of Rs 651 crore as compared to Rs 623 crore

Fall in RM costs, higher urea subsidy may buoy fertiliser stocks: Analysts

Shares of Coromandel International, Deepak Fertilisers, GSFC, Madras Fertilisers, National Fertilisers, RCF, and Zuari Agro Chemicals have soared up to 196 per cent so far this calendar year (CY22)

Soaring prices could trigger up to 17% upside in these 5 fertiliser stocks

The overall trend in the fertiliser space remains bullish, with stocks like Chambal Fertilizers & Chemicals, Aries Agro and National Fertilizers indicating strong upside ahead

Measuring worth: Front-row seats to high return-on-equity stocks

A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.

Fertiliser stks prey to subsidy withdrawal risk, high input costs: Analysts

The risk of a breach of the government's fiscal deficit target could play a spoilsport for the sector as it could prompt the Centre to cut back on subsidy support, analysts believe.