Coromandel International Limited has informed the Exchange about Capacity addition
COROMANDEL · price
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Coromandel International reported strong Q1 FY26 results with standalone revenue from operations rising to Rs. 7,001.32 crore from Rs. 4,713.30 crore a year ago (about 48% YoY growth), and standalone net profit jumping to Rs. 508.23 crore from Rs. 330.96 crore (about 54% YoY). Consolidated revenue and PAT were Rs. 7,042.30 crore and Rs. 501.59 crore respectively. Statutory auditors S.R. Batliboi & Associates LLP issued an unmodified review opinion. The board approved a Rs. 137 crore capex for a new bagging plant at Kakinada to support granulation capacity expansion (3,888 MTPD), expected to be completed in 18 months. The company, via wholly owned subsidiary Coromandel Chemicals Limited, will acquire an additional 17.69% stake in Senegal-based BMCC (a rock phosphate miner) for USD 7.70 million, raising its stake from 53.82% to 71.51% to secure long-term raw material supply. Head-Legal Mr. Arulraj K also resigned effective July 28, 2025.
Strong revenue and profit growth signals robust demand momentum and improved operational performance, which is positive for shareholders. The BMCC stake hike strengthens backward integration into rock phosphate, a key fertilizer raw material, while the Rs. 137 crore Kakinada bagging plant capex supports cost savings and capacity expansion—both long-term value creators.