Coromandel International Limited, India’s second largest Phosphatic fertiliser company, in the business of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the financial results for the quarter ended 30th September 2018.

Consolidated performance for the quarter ended 30th September 2018

During the quarter ended 30 September 2018, the Company’s consolidated total income is Rs. 5,018 crores in comparison to the corresponding quarter last year of Rs. 3,693 crores, registering a growth of 36%. Profit before depreciation, interest, taxes and exceptional item (EBITDA) for the quarter ended 30 September 2018 has grown by 16% to Rs. 666 crores vs. Rs. 575 crores during corresponding quarter of last year. Consolidated net profit after tax for the quarter is Rs. 366 crores in comparison to Rs. 349 crores for the corresponding quarter last year.

For the half year ended 30 September 2018, the Company’s consolidated total income is Rs. 7,555 crores (Half year ended 30 September 2017 Rs. 6011 crores), profit before tax is Rs. 692 crores (Half year ended 30 September 2017 Rs. 638 crores) and profit after tax is Rs. 456 crores (Half year ended 30 September 2017 Rs. 421 crores).

Standalone performance for the quarter ended 30th September 2018

During the quarter ended 30 September 2018, the Company’s total income is Rs. 5,018 crores in comparison to the corresponding quarter last year of Rs. 3,689 crores, registering a growth of 36%. Profit before depreciation, interest, taxes and exceptional item (EBITDA) for the quarter ended 30 September 2018 has grown by 16% to Rs. 665 crores vs. Rs. 573 crores during corresponding quarter of last year. Net profit after tax for the quarter is Rs. 366 crores in comparison to Rs. 348 crores for the corresponding quarter last year.

For the half year ended 30 September 2018, the Company’s total income is Rs. 7,545 crores (Half year ended 30 September 2017 Rs. 5993 crores), profit before tax is Rs. 690 crores (Half year ended 30 September 2017 Rs. 635 crores) and profit after tax is Rs. 454 crores (Half year ended 30 September 2017 Rs. 419 crores).

Commenting on the financial results, Mr. Sameer Goel - Managing Director, Coromandel International Limited, said:

“Coromandel had a strong performance in Q2, driven by its improved customer reach and marketing capabilities, differentiated product offerings, smart sourcing and efficient manufacturing. This was despite below normal monsoons, rising raw material prices, sharp rupee depreciation and higher financing cost encountered during the quarter.

Phosphatic Fertiliser business of the Company has improved its market share and registered 28% year-on-year (yoy) growth in sales volumes during Q2.

Crop Protection Business registered yoy revenue growth of 14% during the quarter. Business has introduced four new products during H1, including two in-house patented combination molecules. These have received very encouraging response from the market. Further, the integration of Bio Pesticide business has supported its expansion into complimentary product segments and geographies.

Our focus on R&D and technology has helped in introducing four differentiated product offerings in water soluble fertiliser and value added Single Super Phosphate.

With improved reservoir levels in Southern markets and prediction of normal North East monsoons, we expect favourable agri environment during the second half of the year. Further, with the stabilization of Direct Benefit Transfer in fertiliser and reduction in GST rates on Phosphoric acid, working capital situation is likely to improve, going forward.

Coromandel will continue to invest towards infrastructure augmentation and capability development to offer differentiated solutions to the farming community. We have been focusing on leveraging agri technologies to improve our farm value proposition and increase customer connectivity. The Company is well positioned to support the farmers and enhance their prosperity by offering sustainable agri solutions”.

About Coromandel International Limited

Coromandel International Limited is amongst India’s pioneers and leading agri solutions provider, offering diverse products and services across the farming value chain. It operates in two major segments: Nutrient and other allied businesses and Crop Protection. These include Fertiliser, Crop Protection, Specialty Nutrients and Organic compost businesses. The Company is 2nd largest manufacturer and marketer of Phosphatic fertiliser in India. The Company’s Crop Protection products are marketed in India as well as in international geographies, offering wide range of technical and formulation products. The Specialty Nutrients business of the Company focuses on water soluble fertiliser and secondary & micro nutrients segments. The Company is leading marketer of Organic fertiliser in India and has recently added bio pesticide solutions to its portfolio. It also operates a network of around 800 rural retail outlets across Andhra Pradesh, Telangana, Karnataka and Maharashtra. Through these Retail outlets, the Company offers farming services including crop advisory, soil testing and farm mechanization to around 3 million farmers. The Company has a strong R&D and Regulatory setup, supporting the businesses in process development and new product introduction. The Company has 16 manufacturing facilities, producing wide range of Nutrient and Crop Protection products, which are marketed through an extensive network of dealers and its own retail centers.

The Company clocked a turnover of Rs. 11,187 Crore during FY 2017-18. Its efforts towards environment have been well recognized by international organizations like UNDP and has also been voted as one of the ten greenest companies in India by TERI. Coromandel is a part of the Rs. 32,893 Crores Murugappa Group.

About Murugappa Group

Founded in 1900, the INR 329 Billion (32,893 Crores) Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial Holdings Ltd and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM),Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 35,000 employees.

For more details, visit www.murugappa.com

Coromandel International Limited, India’s second largest Phosphatic fertiliser company, in the business of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the financial results for the quarter ended 30th June 2018.

Consolidated performance for the quarter ended 30th June 2018

During the quarter ended 30 June 2018, the Company’s consolidated total income 2,537 crores in comparison to the corresponding quarter last year of 2,318 crores, registering a growth of 9.4%. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 June 2018 has grown by 26.6% to 214 crores vs 169 crores during corresponding quarter of last year. Consolidated net profit after tax for the quarter is 90 crores, registering a y /y growth of 23.3%

Standalone performance for the quarter ended 30th June 2018

During the quarter ended 30 June 2018, the total income is 2,527 crores in comparison to the corresponding quarter last year of 2,304 crores, registering a growth of 9.7%. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 June 2018 has grown by 26.9% to 212 crores against corresponding quarter last year of 167 crores. Net profit after tax for the quarter is 88 crores against corresponding quarter last year 71 crores, growing by 23.9%.

Commenting on the financial results, Mr. Sameer Goel - Managing Director, Coromandel International Limited, said:

"Coromandel had a strong performance during the quarter, improving its capacity utilization, operational and sourcing efficiencies and customer connect initiatives. This was despite erratic monsoon distribution in our key operating markets. During the quarter, 5 new products were introduced across the businesses which have received encouraging response from the farming community. New product introductions included in-house patented crop protection molecule, crop-based water soluble fertiliser and value added Single Super Phosphate.

The normal south-west monsoons, improved reservoir levels and recent pick up in crop sowing in our key operating markets are expected to augment agriculture growth. Further, with the higher crop support price and farmer welfare schemes, we are seeing positive agrarian sentiments. The recently announced GST rate reduction on fertiliser grade Phosphoric acid from 12% to 5% is likely to bring down the Company’s GST credit accumulation and improve the working capital situation.

Coromandel with an exciting product pipeline will continue to leverage its strengths in providing unique, differentiated products, agri-technology offerings and crop solutions. Our channel strength and last mile connectivity combined with the agronomist structure would further enhance the engagement with the farmers. Coromandel is well positioned to support the farming community by providing sustainable solutions and improving farmer’s prosperity".

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilizers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a total income of 11,044 Crores during FY 2017-18. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 329 Billion (32,893 Crores) Murugappa Group.

About Murugappa Group

Founded in 1900, the INR 329 Billion (32,893 Crores) Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial Holdings Ltd and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM),Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 35,000 employees.

For more details, visit www.murugappa.com

Secunderabad, April 24, 2018: Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the audited financial results for the quarter and year ended 31st March 2018.

Consolidated performance for the quarter ended 31st March 2018

During the quarter ended 31 March 2018 the Company’s consolidated total income is 2,387 crores in comparison to the corresponding quarter last year of 2,302 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2018 is 169 crores against corresponding quarter last year of 272 crores. Consolidated net profit after tax for the quarter is 74 crores as against 144 crores in corresponding quarter last year.

For the year ended 31 March 2018, the Company’s total income is 11,049 crores (year ended 31 March 2017 10,250 crores), profit before tax is 1,009 crores (year ended 31 March 2017 713 crores) and profit after tax is 664 crores (year ended 31 March 2017 477 crores)

Standalone performance for the quarter ended 31st March 2018

During the quarter ended 31 March 2018, the total income is 2,387 crores in comparison to the corresponding quarter last year of 2,300 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2018 is 161 crores against corresponding quarter last year of 271 crores. Net profit after tax for the quarter is 67 crores against corresponding quarter last year 144 crores.

For the year ended 31 March 2018, the Company’s total income is 11,044 crores (year ended 31 March 2017 10,239 crores), profit before tax is 1,003 crores (year ended 31 March 2017 712 crores) and profit after tax is 659 crores (corresponding period last year 477 crores)

Commenting on the financial results, Mr. Sameer Goel, MD, Coromandel said "We had a subdued 4th quarter due to the seasonality factor and depreciation of the currency. For the year 2017-18, business has shown an all-round improvement in the performance by increasing its sales and liquidation and higher capacity utilization, resulting in operational efficiencies. In the Nutrient segment, we have increased our market share in the key addressable markets.

With the forecast of a normal monsoon in 2018 and the Government focusing on improving farm realization, we expect the agrarian economy to grow in the current year. Coromandel with its integrated crop solutions, extension services and wide farmer reach will continue to partner with the farming community and drive farm productivity."

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilizers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a total income of 11,044 Crores during FY 2017-18. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 300 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the INR 300 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial Holdings Ltd and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM),Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 35,000 employees.

For more details, visit www.murugappa.com

Secunderabad, October 25, 2017 : Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the unaudited financial results for the quarter and half year ended 30th September 2017.

Consolidated performance for the quarter ended 30th September 2017

During the quarter ended 30 September 2017 the Company’s consolidated total income is 3665 crores in comparison to the corresponding quarter last year of 3593 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 September 2017 is 568 crores against corresponding quarter last year of 385 crores registering a growth of 47%. Consolidated net profit after tax for the quarter is 343 crores as against 213 crores in corresponding quarter last year.

On half year basis the Company’s total income is 5954 crores (corresponding period last year 5665 crores) and profit after tax is 418 crores (corresponding period last year 221 crores)

Standalone performance for the quarter ended 30th September 2017

During the quarter ended 30 September 2017, the total income is 3663 crores in comparison to the corresponding quarter last year of 3588 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 September 2017 is 568 crores against corresponding quarter last year of 385 crores. Net profit after tax for the quarter is 343 crores against corresponding quarter last year 213 crores.

On half year basis the Company’s total income is 5951 crores (corresponding period last year 5657 crores) and profit after tax is 420 crores (corresponding period last year 221 crores)

Further, the Board of Directors of the Company at its meeting held on 25 October 2017, has approved the following changes in the Key Managerial Personnel of the Company which will be effective from 1 November 2017:

• Mr. S. Sankarasubramanian, EVP & Chief Financial Officer will move from Finance to head the Fertilisers Business of the Company.
• Mrs. Jayashree Satagopan has been appointed as EVP & Chief Financial Officer (KMP) of the Company

Commenting on the financial results, Mr. Sameer Goel said “During the quarter, normal monsoons in our major operating markets have resulted in improved agri input consumption. Stable commodity prices, higher asset utilization and integrated marketing approach undertaken during Q2 have led to improved performance across Nutrient and Crop Protection business segments.

With rising reservoir levels in Southern Peninsula, forecast of a normal North East monsoon and moderation in channel inventory in our key markets, we expect the agriculture scenario to remain positive in second half of the year. Coromandel, with its diversified crop solutions, will continue to create value for the farming community and bring prosperity to their lives.”

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilizers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a total income of 10,250 Crores during FY 2016-17. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 300 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the INR 300 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including eight listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees.

Secunderabad, July 28, 2017 : Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the unaudited financial results for the quarter ended 30th June 2017.

Consolidated performance for the quarter ended 30th June 2017

During the quarter ended 30 June 2017 the Company’s consolidated total income is 2289 crores in comparison to the corresponding quarter last year of 2072 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 June 2017 is 171 crores against corresponding quarter last year of 88 crores registering a growth of 94%. Consolidated net profit after tax for the quarter is 75 crores as against 7 crores in corresponding quarter last year.

Standalone performance for the quarter ended 30th June 2017

During the quarter ended 30 June 2017, the total income is 2288 crores in comparison to the corresponding quarter last year of 2069 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2017 is 172 crores against corresponding quarter last year of 89 crores. Net profit after tax for the quarter is 76 crores against corresponding quarter last year 8 crores.

The Company has received environmental clearance for raising production capacity of its Phosphoric Acid facility at Vishakhapatnam in Andhra Pradesh.

Commenting on the financial results, Mr. Sameer Goel said “During the quarter, the early onset of monsoons has resulted in higher crop sowings in our key operating markets and led to improved agri input consumption. Coromandel benefitted from a favorable business environment and leveraged its wide customer connect, brand presence and market coverage to improve its performance across the nutrient business segment.

With forecast of normal south west monsoons and implementation of agrarian and policy reforms targeting soil health and balanced nutrition, we expect the agriculture scenario to improve, going forward. Coromandel, with its diversified presence across the agri value chain, will continue to provide holistic solutions and partner with the farming community to maximize farmer’s prosperity.”

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilizers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a total income of 10,250 Crores during FY 2016-17. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 300 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the 300 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including eight listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees.

Secunderabad, 28th April 2017 : Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business segments of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the audited financial results for the quarter and year ended 31st March 2017.

Consolidated performance for the year ended 31st March 2017 and Q4 (Jan 17-Mar 17)

During the quarter ended 31 March 2017 the Company’s consolidated total income is 2302 crores in comparison to the corresponding quarter last year of 3059 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2017 is 272 crores against corresponding quarter last year of 200 crores registering a growth of 36%. Consolidated net profit after tax for the quarter is 144 crores as against 92 crores in corresponding quarter last year. For the year ended March 2017 the Company’s consolidated total income is 10250 crores in comparison to the previous year turnover of 11700 crores. Consolidated profit before depreciation, interest and taxes (EBITDA) for year ended March 2017 is 983 crores as against previous year of 767 crores registering a growth of 28%. Consolidated net profit after tax is 477 crores as against 357 crores in the previous year.

Standalone performance for the year ended 31st March 2017 and Q4 (Jan 17-Mar 17)

During the quarter ended 31 March 2017, the total income is 2300 crores in comparison to the corresponding quarter last year of 3058 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2017 is 270 crores against corresponding quarter last year of 200 crores. Net profit after tax for the quarter is 144 crores against corresponding quarter last year 92 crores.

On a standalone basis the total income for the year ended March 2017 is 10239 crores as against previous year of 11690 crores. Profit before depreciation, interest and taxes (EBITDA) for the year ended March 2017 is 982 crores against previous year of 765 crores. Net profit after tax is 477 crores as against 358 crores in the previous year.

The Board has recommended a dividend of Rs 5 per share (500% on face value of 1 per share).

Commenting on the financial results, Mr. Sameer Goel said “During the quarter, Coromandel leveraged its diversified product portfolio, wide market coverage and strong brand presence to improve its performance across the nutrients and crop protection segments, despite failure of North East monsoons in some of the Southern states.

With the forecast of a near normal South West monsoon and favourable agriculture policies, we expect the rural consumption to remain buoyant in 2017-18. Coromandel will continue to provide innovative crop solutions to the farming community to drive balanced nutrition and crop protection needs and improve soil health, thereby enhancing rural prosperity.”

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilisers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a total income of Rs.10,250 Crores during FY 2016-17. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the Rs 295 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the 295 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd. Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.Renowned brands like BSA, Hercules, Montra, Ladybird, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees. For more details, visit www.murugappa.com

Secunderabad, 25th January 2017: Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business of Fertilisers, Specialty Nutrients, Crop Protection Products, Organic Manure and Retail has reported the financial results for the quarter and nine months ended 31 December 2016 which were approved by the Board of Directors at their meeting held on 25 January 2017.

Consolidated performance for the quarter and nine months ended 31 December 2016

During the quarter ended 31 December 2016 the Company’s consolidated turnover is 2271 crores in comparison to the corresponding quarter last year of 2783 crores.

Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 December 2016 is 237 crores in comparison to the corresponding quarter last year of 167 crores. Consolidated profit before tax is 170 crores in comparison to the corresponding quarter last year of 127 crores. Consolidated net profit after tax for the quarter is 112 crores as against 81 crores in corresponding quarter last year.

For the nine months ended 31 December 2016, the Company’s turnover is 7905 crores as against 8587 crores during the corresponding period last year and profit after tax is 333 crores as against 265 crores during the corresponding period last year.

Standalone performance for the quarter and nine months ended 31 December 2016

During the quarter ended 31 December 2016, the standalone turnover is 2270 crores in comparison to the corresponding quarter last year of 2780 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 December 2016 is 238 crores in comparison to the corresponding quarter last year of 167 crores. Profit before tax is 171 crores for the quarter ended 31 December 2016 as against 127 crores in the corresponding quarter last year. Net profit after tax for the quarter ended 31 December 2016 is 113 crores as against 82 crores in the corresponding quarter last year.

For the nine months ended 31 December 2016, the standalone turnover is 7898 crores as against 8579 crores during the corresponding period last year and profit after tax is 333 crores as against 266 crores during the corresponding period last year.

Commenting on the results Mr. Sameer Goel, Managing Director said “Coromandel gained traction during Q3, thanks to its diversified product portfolio, led by Crop Protection business. This was despite the challenging business environment in form of subdued North East monsoons and volatile exchange rate. With Government’s support towards strengthening domestic manufacturing industry, agrarian reforms and rural infrastructure development, we expect a positive business sentiment, going forward. Coromandel, with its position as a unique agri solution provider, will continue to drive farm productivity and support farmer’s prosperity.”

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilisers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a turnover of 11,625 Crores during FY 2015-16. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the 295 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the 295 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd. Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.Renowned brands like BSA, Hercules, Montra, Ladybird, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees. For more details, visit www.murugappa.com

Secunderabad, 26th October 2016: Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business of Fertilisers, Specialty Nutrients, Crop Protection Products, Organic Manure and Retail, has reported the financial results for the quarter and half year ended 30 September 2016, which were approved by the Board of Directors at their meeting held on 26 October 2016.

Consolidated performance for the quarter and half year ended 30 September 2016

During the quarter ended 30 September 2016, the Company’s consolidated turnover is 3575 crores in comparison to the corresponding quarter last year of
3600 crores.

Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 September 2016 is 385 crores in comparison to the corresponding quarter last year of 307 crores. Consolidated profit before tax is
318 crores in comparison to the corresponding quarter last year of 254 crores. Consolidated net profit after tax for the quarter is 213 crores as against 170 crores in corresponding quarter last year.

For the half year ended 30 September 2016, the Company’s turnover is 5635 crores as against 5804 crores during the corresponding period last year and profit after tax is 221 crores as against 184 crores during the corresponding period last year.

Standalone performance for the quarter and half year ended 30 September 2016

During the quarter ended 30 September 2016, the standalone turnover is 3571 crores in comparison to the corresponding quarter last year of 3600 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 September 2016 is 385 crores in comparison to the corresponding quarter last year of 307 crores. Profit before tax is 318 crores for the quarter ended 30 September 2016 as against
254 crores in the corresponding quarter last year. Net profit after tax for the quarter ended 30 September 2016 is 213 crores as against 170 crores in the corresponding quarter last year.

For the half year ended 30 September 2016, the standalone turnover is 5627 crores as against 5799 crores during the corresponding period last year and profit after tax is 221 crores as against 184 crores during the corresponding period last year.

Commenting on the results, Mr. Sameer Goel, Managing Director said “Normal monsoons in key addressable markets has enhanced the demand for nutrients, resulting in improved performance of all the business segments. Crop Protection business posted strong set of numbers on back of good demand from export and domestic markets. With improvement in residual soil moisture and expectation of normal North East monsoons, Rabi prospects are bright and we anticipate improved agri input consumption during the 2nd half of the year. We are confident that our diversified agri-solutions will bring prosperity to the Indian farmers and help in improving the farm productivity.”

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilisers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a turnover of
11,625 Crores during FY 2015-16. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the
295 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the 295 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd. Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.Renowned brands like BSA, Hercules, Montra, Ladybird, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees. For more details, visit www.murugappa.com

Secunderabad, 26th July 2016: Coromandel International Limited, in the business segments of Nutrient & other allied business and Crop Protection has reported the unaudited financial results for the quarter ending 30th June 2016.

Consolidated performance for the quarter ended 30th June 2016

During the quarter ended 30 June 2016 the Company’s consolidated turnover is 2060 crore in comparison to the corresponding quarter last year of 2204 crore. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 June 2016 is 89 crore against corresponding quarter last year of 92 crore. Consolidated net profit after tax for the quarter is 8 crore as against 15 crore in corresponding quarter last year.

Standalone performance for the quarter ended 30th June 2016

During the quarter ended 30 June 2016, the standalone turnover is 2057 crore in comparison to the corresponding quarter last year of 2200 crore. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 30 June 2016 is 89 crore against corresponding quarter last year of 91 crore. Net profit after tax for the quarter is 8 crore against corresponding quarter last year 14 crore.

Commenting on the financial results, Mr. Sameer Goel said “International prices of fertiliser have softened which helped in bringing down farm gate prices of phosphatic and potassic fertilisers, thereby benefiting the farming community. However, sharp correction in fertiliser prices ahead of the consumption season has impacted pipeline stocks which affected the performance of fertiliser business. Our Crop Protection business has been witnessing robust growth and has performed well during the quarter. With near normal monsoon, improved crop sowings and stability in fertiliser prices, we expect demand for agri inputs to pick up. We are confident that our concentrated focus in providing quality inputs and services shall enable us to transform the lives of the farming fraternity”

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilisers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of AndhraPradesh, Telangana and Karnataka. The Company clocked a turnover of 11,625 Crores during FY 2015-16. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the 295 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the 295 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd. Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.Renowned brands like BSA, Hercules, Montra, Ladybird, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees. For more details, visit www.murugappa.com

27th April 2016: Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business segments of Fertilisers, Crop Protection, Specialty Nutrients, Organic Manure and Retail, has reported the audited financial results for the quarter and year ended 31st March 2016.

The Board has recommended a dividend of 4/- per share (400% on face value of 1 per share)

Consolidated performance for the year ended 31st March 2016 and Q4 (Jan 16-Mar 16)

During the quarter ended 31 March 2016, the Company’s consolidated turnover is 3021 crores in comparison to the corresponding quarter last year of 2998 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2016 is 200 crores against corresponding quarter last year of 160 crores registering a growth of 25%. Consolidated net profit after tax for the quarter is 93 crores as against 69 crores in corresponding quarter last year.

For the year ended March 2016, the Company’s consolidated turnover is 11522 crores in comparison to the previous year turnover of 11306 crores. Consolidated profit before depreciation, interest and taxes (EBITDA) for year ended March 2016 is 772 crores as against previous year of 853 crores. Consolidated net profit after tax is 361 crores as against 402 crores in the previous year.

Standalone performance for the year ended 31st March 2016 and Q4 (Jan 16-Mar 16)

During the quarter ended 31 March 2016, the standalone turnover is 3019 crores in comparison to the corresponding quarter last year of ? 2985 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 March 2016 is ? 200 crores against corresponding quarter last year of ? 160 crores. Net profit after tax for the quarter is ? 92 crores against corresponding quarter last year ? 69 crores.

On a standalone basis, the turnover for the year ended March 2016 is ? 11500 crores as against previous year of ? 11285 crores. Profit before depreciation, interest and taxes (EBITDA) for the year ended March 2016 is 771 crores against previous year of 853 crores. Net profit after tax is 361 crores as against 403 crores in the previous year.

Commenting on the financial results, Mr. Sameer Goel said “The Company has done well in all its segments despite erratic monsoons and tough market conditions. With our agility to respond to customer needs and our strong presence in Fertilisers, Crop Protection and Retail, we shall continue to enhance value of all our stakeholders. With the rural & agricultural reforms beginning to take shape and an ‘above normal’ monsoon projected for Kharif’16, we expect a positive consumer sentiment and a strong demand for the sector, going forward.”

About Coromandel International Limited

Coromandel International Limited, India’s second largest Phosphatic fertiliser player, is in the business of Fertilisers, Specialty Nutrients, Crop Protection and Rural Retail. The Company manufactures a wide range of fertilisers, making it a leader in its addressable markets. In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products comprising of water soluble fertilisers and micro nutrients. Coromandel is also pioneer in marketing Organic Fertilisers. The crop protection business has wide range of technicals, which we also export to various countries. Coromandel has a pan India presence for distribution of these products, besides its own retail outlets. Coromandel has ventured into the retail business and has set up close to 800 rural retail centers in the States of Andhra Pradesh, Telangana and Karnataka. The Company clocked a turnover of 11,500 Crores during FY 2015-16. Coromandel was voted as one of the top ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 269 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the INR 269 Billion Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar Industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents. Renowned brands like BSA, Hercules, Montra, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. For more details, visit www.murugappa.com

22nd January 2016: Coromandel International Limited, India’s second largest Phosphatic fertiliser player, in the business segments of Fertilisers, Specialty Nutrients, Crop Protection, Organic Manure and Retail has reported the unaudited financial results for the quarter ended 31 December 2015 which were approved by the Board of Directors at their meeting held on 22 January 2016.

Consolidated performance for the quarter ended 31st December 2015

During the quarter ended 31 December 2015 the Company’s consolidated turnover is 2755 crores in comparison to the corresponding quarter last year of 2962 crores.

Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 December 2015 is 165 crores in comparison to the corresponding quarter last year of 225 crores. Consolidated profit before tax is 126 crores in comparison to the corresponding quarter last year of 164 crores. Consolidated net profit after tax for the quarter is 80 crores as against 115 crores in corresponding quarter last year.

For the nine months ended 31 December 2015, the Company’s turnover is 8501 crores (corresponding period last year 8309 crores) and profit after tax is 268 crores (corresponding period last year 333 crores)

Standalone performance for the quarter ended 31st December 2015

During the quarter ended 31 December 2015, the standalone turnover is 2749 crores in comparsion to the corresponding quarter last year of 2959 crores. Profit before depreciation, interest and taxes (EBITDA) for the quarter ended 31 December 2015 is 166 crores in comparison to the corresponding quarter last year of 225 crores. Profit before tax is 127 crores for the quarter ended 31 December 2015 as against 164 crores in the corresponding quarter last year. Net profit after tax for the quarter ended 31 December 2015 is 82 crores as against 116 crores in the corresponding quarter last year.

For the nine months ended 31 December 2015, the standalone turnover is 8481 crores (corresponding period last year 8300 crores) and profit after tax is 269 crores (corresponding period last year 335 crores)

Commenting on the results Mr Sameer Goel, Managing Director commented “Weak monsoon in addressable markets and rupee depreciation impacted sales and margins. Inspite of a challenging environment, Coromandel has increased its market share in home markets and has taken initiatives to provide valued added products and services to the farming community. Our diversified agrisolutions approach will help us in achieving our long term business objectives”.

About Coromandel International Limited:

Coromandel International Limited, India’s second largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection and Retail. The Company manufactures a wide range of fertilizers and markets around 3.2 million tons making it a leader in its addressable markets.

In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products including Organic Fertilizers. The Crop Protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe. Coromandel is the second largest manufacturer of Malathion and only the second manufacturer of Phenthoate. Coromandel has also ventured into the retail business setting up more than 750 rural retail centers in the States of Andhra Pradesh and Karnataka.

The Company clocked a turnover of 11,285 crore during FY 2014-15.lt was ranked among the top 20 best companies to work for by Business Today and was also voted as one of the ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 269 Billion Murugappa Group.

About Murugappa Group

Founded in 1900, the INR 269 Billion Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Parry Sugar industries Ltd, Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 32,000 employees. For more details, visit www.murugappa.com