Coromandel International Limited has informed the Exchange about General Updates
COROMANDEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts more than Nifty Midcap 150 and 4.2 pts more than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Coromandel International reported strong Q1 FY26 results with standalone revenue from operations rising ~48.5% year-on-year to ₹7,001.32 crore and net profit jumping ~53.6% to ₹508.23 crore (EPS of ₹17.26 vs ₹11.25). Consolidated revenue grew to ₹7,042.30 crore with PAT of ₹501.59 crore, up ~62% YoY. The Board approved acquiring an additional 17.69% stake in Senegal-based rock phosphate miner BMCC for USD 7.70 million through wholly owned subsidiary Coromandel Chemicals, raising its stake from 53.82% to 71.51% (flagged as a related party transaction, subject to Senegal government approval). The company also approved ₹137 crore capex for a new bagging plant at Kakinada (18-month timeline, adding 3,888 MTPD capacity) as part of granulation expansion. The Head of Legal resigned effective July 28, 2025.
Strong quarter with significant revenue and profit growth driven by the Nutrient business, though EBITDA margins were broadly flat. The BMCC stake increase secures long-term rock phosphate supply at a reasonable cost, while the Kakinada bagging plant capex supports operational efficiency. The NACL acquisition (awaiting SEBI approval) and ongoing Senegal investments point to an aggressive growth and backward-integration strategy, likely to be viewed positively by investors.