Coromandel International Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 16-Jul-2026.
COROMANDEL · price
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Coromandel International reported strong full-year standalone revenue of Rs 30,531 crore, up 27% from Rs 24,064 crore last year. Standalone net profit grew 3.5% to Rs 2,009 crore. On a consolidated basis, revenue rose 31% to Rs 31,480 crore, though net profit declined 7.6% to Rs 1,898 crore due to an exceptional impairment charge of Rs 126 crore related to its drones subsidiary. The Board declared a final dividend of Rs 2 per share (200% on face value), with record date July 16, 2026 and payment by August 21, 2026. The 64th AGM will be held on July 23, 2026. The company also approved issuance of a corporate guarantee of up to USD 15.5 million for Baobab Mining & Chemicals Corporation, its 71.51% owned Senegal subsidiary. Auditors issued unmodified opinions on both standalone and consolidated financial statements.
The 27% standalone revenue growth reflects strong operational performance, though consolidated PAT declined due to one-time impairment charges. The dividend declaration and AGM scheduling are routine events. The stock may see modest positive reaction to solid topline growth and dividend announcement, though the PAT decline and impairment provision could create some headwinds.