Coromandel International Limited has informed the Exchange regarding 'Re-appointment of Statutory Auditors'.
COROMANDEL · price
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Coromandel International reported audited financial results for Q4 and FY2026 ended March 31, 2026. Standalone revenue grew 27% to Rs. 30,530.89 crores while net profit increased 3.5% to Rs. 2,008.58 crores. Consolidated revenue rose to Rs. 31,479.54 crores, though net profit declined 7.6% to Rs. 1,898.14 crores due to exceptional items including Rs. 70.56 crore impairment. The Board declared a final dividend of Rs. 2 per share (200% on Re. 1 face value), payable by August 21, 2026, with record date July 16, 2026. The 64th AGM will be held on July 23, 2026. The company also approved re-appointment of S R Batliboi & Associates LLP as statutory auditors for a second term of 5 years, subject to shareholder approval. Additionally, the Board approved issuance of corporate guarantee up to USD 15.5 million for Baobab Mining & Chemicals Corporation, Senegal, a 71.51% subsidiary.
The company delivered steady standalone earnings growth with strong revenue expansion, though consolidated profits faced headwinds from exceptional items. The dividend declaration and auditor re-appointment signal stable corporate governance, while the international guarantee reflects continued expansion in African operations.