Coromandel International Limited has informed the Exchange about change in Management
COROMANDEL · price
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The board approved Coromandel International's unaudited Q1 FY26 results with standalone revenue at Rs. 7,001 crore (up from Rs. 4,713 crore in Q1 FY25) and standalone net profit of Rs. 508 crore versus Rs. 331 crore, a roughly 54% jump. Consolidated revenue stood at Rs. 7,042 crore with net profit of Rs. 502 crore (up from Rs. 309 crore). The company, through wholly owned subsidiary Coromandel Chemicals Limited, will buy an additional 17.69% stake in Senegal-based rock phosphate miner BMCC for USD 7.70 million, raising its holding from 53.82% to 71.51% to secure long-term raw material supply. The board also approved Rs. 137 crore capex for a 3,888 MTPD bagging plant at Kakinada over an 18-month timeline. Separately, the board noted the resignation of Mr. Arulraj K, Head of Legal, effective July 28, 2025, citing personal reasons.
Strong Q1 earnings and the BMCC stake increase should be viewed positively, reinforcing backward integration in rock phosphate. The legal head's exit is a senior management personnel change, not a KMP change, and is unlikely to materially affect operations.