Coromandel International Limited · NSE:COROMANDEL
Coromandel International — Q3 FY2024 Earnings Presentation
16 slides from Coromandel International's earnings presentation, February 2025
Slide 1: Coromandel International Q3 FY 23-24 Performance Updates
Coromandel International Q3 FY 23-24 Performance Updates
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements,” including those relating to general business plans and strategy of Coromandel International Ltd, its future outlook and growth prospects, and future de
Slide 3: Q3 Performance Highlights - Consolidated
Q3 Performance Highlights - Consolidated Revenue from Profit After Book Value per Net Debt EBITDA Basic EPS Operations Tax share to equity ratio Q3 FY24 ₹ 5,464 Cr ₹ 358 Cr ₹ 228 Cr ₹ 316 ₹ 7.8 0.0 times -34% -54% -57% 16% -56% Q3 FY23 ₹ 8,310 Cr ₹ 781 Cr ₹ 527 Cr ₹ 271 ₹ 17.9 0.0 times 3
Slide 4: YTD Dec'23 Performance Highlights - Consolidated
YTD Dec’23 Performance Highlights - Consolidated Revenue from Profit After Book Value per Net Debt EBITDA Basic EPS Operations Tax share to equity ratio YTD ₹ 18,146 Cr ₹ 2,126 Cr ₹ 1,477 Cr ₹ 316 ₹ 50.4 0.0 times Dec’23 -25% -16% -16% 16% -16% YTD 0.0 times ₹ 24,152 Cr ₹ 2,523 Cr ₹ 1,766 Cr ₹ 271 ₹
Slide 5: Fertiliser Industry DAP & NPK: Q3 FY24
Fertiliser Industry DAP & NPK: Q3 FY24 Qty in Lakh MT Qty in Lakh MT DAP NPK 31.3 30.5 39.8 34.5 25.3 25.0 24.9 16.5 11.8 10.9 5.6 5.0 Production Imports Sales* Production Imports Sales* LY CY LY CY Production growth: -8% Production growth: -1% Imports growth: -34% Imports growth: -11% Sales growth:
Slide 6: Fertiliser Industry DAP & NPK: YTD Dec (9M)
Fertiliser Industry DAP & NPK: YTD Dec (9M) Qty in Lakh MT Qty in Lakh MT DAP NPK 91.9 97.3 80.4 91.4 70.8 73.9 53.2 50.5 31.8 34.2 20.9 17.7 Production Imports Sales* Production Imports Sales* LY CY LY CY Production growth: 8% Production growth: 4% Imports growth: -5% Imports growth: -15% Sales gro
Slide 7: Fertiliser Industry MOP & Urea: Q3 FY24
Fertiliser Industry MOP & Urea : Q3 FY24 Qty in Lakh MT Qty in Lakh MT Urea MOP 108.8 98.1 84.4 7.7 71.7 5.7 5.2 5.0 32.5 38.1 Production Imports Sales* Imports Sales* LY CY LY CY Production growth: 18% Imports growth: 49% Imports growth: 17% Sales growth: -12% Sales growth: -10% * DBT sales Source:
Slide 8: Fertiliser Industry MOP & Urea: YTD Dec (9M)
Fertiliser Industry MOP & Urea : YTD Dec (9M) Qty in Lakh MT Qty in Lakh MT Urea MOP 281.4 282.0 237.1 25.7 211.0 16.2 12.8 12.8 62.5 60.7 Production Imports Sales* Imports Sales* LY CY LY CY Production growth: 12% Imports growth: 59% Imports growth: -3% Sales growth: -1% Sales growth: 0.2% * DBT sa
Slide 9: CIL: Nutrients – Q3 FY24
CIL: Nutrients – Q3 FY24 Sales in Rs. Crs Volume Summary – Sales* 9,000 Vol. in Lakh ton 7,710 8,000 -36% Segment Q3 FY23 Q3 FY24 Growth 7,000 7% 6,000 NPK+DAP 4,903 5,000 Manufactured 9.14 8.76 -4.2% 4,000 3,000 Imported 1.36 0.62 -54.3% 2,000 Total 10.50 9.38 -10.7% 1,000 0 Q3 FY23 Q3 FY24 SSP 2.1
Slide 10: CIL: Nutrients – YTD Dec (9M)
CIL: Nutrients – YTD Dec (9M) Sales in Rs. Crs 25,000 Volume Summary – Sales* 22,282 Vol. in Lakh ton -26% 20,000 Segment YTD Dec’22 YTD Dec’23 Growth 16,405 15,000 NPK+DAP Manufactured 27.08 26.62 -1.7% 10,000 Imported 3.12 2.92 -6.5% 5,000 Total 30.20 29.53 -2.2% 0 YTD Dec'22 YTD Dec'23 SSP 6.19 5
Slide 11: Subsidy – Q3 FY24
Subsidy – Q3 FY24 Subsidy Outstanding (Rs. in Cr) Nutrient based subsidy rates (Rs/kg) 5,000 N P K S 4,359 4,500 4,000 FY23 H1 91.96 72.74 25.31 6.94 3,500 3,000 FY23 Q3 98.02 66.93 23.65 6.12 2,405 2,500 2,000 FY23 Q4 99.27 49.94 25.70 2.84 1,500 1,000 FY24 H1 76.49 41.03 15.91 2.80 500 0 FY24 H2 4
Slide 12: CIL: Crop Protection segment – Q3 FY24
CIL: Crop Protection segment – Q3 FY24 Sales* in Rs. Crs 700 653 650 -6% 615 600 Sales^ - Rs. in Cr 550 500 Market Q3 FY23 Q3 FY24 Growth 450 400 Domestic 357 328 -8% Q3 FY23 Q3 FY24 PBIT* in Rs. Crs Exports 296 287 -3% 90 85 85 81 4% Total 653 615 -6% 80 75 70 65 60 Q3 FY23 Q3 FY24 Note: Sales & PB
Slide 13: CIL: Crop Protection segment – YTD Dec (9M)
CIL: Crop Protection segment – YTD Dec (9M) Sales* in Rs. Crs 2,500 2,020 2,000 -6% 1,893 1,500 Sales^ - Rs. in Cr 1,000 Market YTD Dec’22 YTD Dec’23 Growth 500 0 Domestic 1,274 1,084 -15% YTD Dec'22 YTD Dec'23 PBIT* in Rs. Crs Exports 746 809 8% 300 273 250 227 -17% Total 2,020 1,893 -6% 200 150 10
Slide 14: CIL: Consolidated P&L – Q3 & YTD Dec
CIL: Consolidated P&L – Q3 & YTD Dec Rs. Crs YTD YTD Q3 LY P&L(Summary) Q3 CY Q3 Gr% YTD Gr% Dec’22 Dec’23 8,310 24,152 Revenue from Operations 5,464 18,146 -34% -25% 1,059 3,371 Gross Margin 646 3,016 -39% -11% 13% 14% GM % 12% 17% 279 848 Fixed Expenses 288 891 781 2,523 EBITDA 358 2,126 -54% -1
Slide 15: Share Holding Pattern – 31st Dec 2023
Share Holding Pattern – 31st Dec 2023 • Promoters: - EID Parry (India) Ltd (56.2%) Insurance Co, - Individual/HUF (0.6%) 3.1% - Trust/NRI/Others (0.6%) Public &Others, 15.3% • Top Domestic Institutional Holdings: - Kotak Mutual Fund (4.9%) - DSP Mutual Fund (3.1%) FII, 7.7% - SBI (1.8%) - Axis (1.6%
Slide 16: Thank You
Thank You For Investor Relations, contact: Corporate Office: Ms Jayashree Satagopan, CFO Coromandel International Ltd., jayashreesatagopan@coromandel.murugappa.com Olympia Terraces, 15B(SP), SIDCO Industrial Estate, Guindy, Mr. Anuj Naithani, DGM Chennai – 600032, Tamil Nadu NaithaniA@coromandel.mur
Coromandel International — Q3 FY2024 Earnings Presentation on 6ix