Corporate Action - Fixes record date for Final Dividend
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 3.7 pts less than Nifty Midcap 150 and 2.9 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Coromandel International reported strong full-year results for FY 2025-26. Standalone revenue grew 27% to Rs. 30,530.89 crore from Rs. 24,064.25 crore, while consolidated revenue increased 30.7% to Rs. 31,479.54 crore. Standalone net profit rose 3.5% to Rs. 2,008.58 crore, but consolidated PAT declined 7.6% to Rs. 1,898.14 crore due to Rs. 70.56 crore exceptional impairment charges for a 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 company also completed acquisition of NACL Industries (53.73% stake) during the year, which expanded its crop protection segment. Auditors issued unmodified (clean) opinions on both standalone and consolidated financials.
The 27% revenue growth demonstrates strong business momentum, though the PAT decline on consolidated basis due to impairment may cause some concern. The 200% dividend payout signals management confidence. The NACL acquisition should boost crop protection segment going forward.