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27-Oct-2023

Coromandel International

OPM up by 470 bps


'Consolidated net sales (including other operating income) of Coromandel International has declined 30.90% to Rs 6988.13 crore.  Sales of Nutrient & Other Allied Business segment has gone down 33.39% to Rs 6,301.73 crore (accounting for 89.62% of total sales).  Sales of Crop Protection segment has gone up 3.29% to Rs 730.07 crore (accounting for 10.38% of total sales).  Inter-segment sales came down from Rs 54.65 crore to Rs 43.67 crore. 

Profit before interest, tax and other unallocable items (PBIT) has jumped 1.68% to Rs 1,078.42 crore.  PBIT of Nutrient & Other Allied Business segment rose 3.77% to Rs 991.30 crore (accounting for 91.92% of total PBIT).  PBIT of Crop Protection segment fell 17.29% to Rs 87.12 crore (accounting for 8.08% of total PBIT). 

PBIT margin...



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