Coromandel International Limited · NSE:COROMANDEL
Coromandel International — Q2 FY24 Earnings Presentation
16 slides from Coromandel International's earnings presentation, February 2025
Slide 1: Coromandel International Q2 FY 23-24 Performance Updates
Coromandel International Q2 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: Q2 Performance Highlights - Consolidated
Q2 Performance Highlights - Consolidated Revenue from Profit After Net Debt EBITDA Book Value Basic EPS Operations Tax to equity ratio Q2 FY24 ₹ 6,988 Cr ₹ 1,059 Cr ₹ 755 Cr ₹ 308 ₹ 25.7 0.0 times -31% 0.2% 2% 22% 2% Q2 FY23 ₹ 10,113 Cr ₹ 1,057 Cr ₹ 741 Cr ₹ 253 ₹ 25.2 0.0 times 3
Slide 4: H1 Performance Highlights - Consolidated
H1 Performance Highlights - Consolidated Revenue from Profit After Net Debt EBITDA Book Value Basic EPS Operations Tax to equity ratio H1 FY24 ₹ 12,682 Cr ₹ 1,768 Cr ₹ 1,249 Cr ₹ 308 ₹ 42.5 0.0 times -20% 1% 1% 22% 0.7% H1 FY23 ₹ 15,842 Cr ₹ 1,742 Cr ₹ 1,240 Cr ₹ 253 ₹ 42.2 0.0 times 4
Slide 5: Fertiliser Industry DAP & NPK: Q2 FY24
Fertiliser Industry DAP & NPK: Q2 FY24 Qty in Lakh MT Qty in Lakh MT DAP NPK 46.0 41.1 34.6 30.6 26.1 24.5 19.5 11.5 13.1 9.0 7.6 4.1 Production Imports Sales* Production Imports Sales* LY CY LY CY Production growth: 27% Production growth: -6% Imports growth: -33% Imports growth: -46% Sales growth:
Slide 6: Fertiliser Industry DAP & NPK: H1 FY24
Fertiliser Industry DAP & NPK: H1 FY24 Qty in Lakh MT Qty in Lakh MT DAP NPK 62.8 61.4 51.6 49.1 45.5 48.9 34.0 28.3 20.0 23.3 15.3 12.7 Production Imports Sales* Production Imports Sales* LY CY LY CY Production growth: 16% Production growth: 7% Imports growth: 21% Imports growth: -17% Sales growth:
Slide 7: Fertiliser Industry MOP & Urea: Q2 FY24
Fertiliser Industry MOP & Urea : Q2 FY24 Qty in Lakh MT Qty in Lakh MT Urea MOP 122.1 111.3 6.1 5.5 5.5 78.9 4.5 72.7 15.5 11.2 Production Imports Sales* Imports Sales* LY CY LY CY Production growth: 9% Imports growth: 10% Imports growth: -28% Sales growth: 21% Sales growth: 10% * DBT sales Source:
Slide 8: Fertiliser Industry MOP & Urea: H1 FY24
Fertiliser Industry MOP & Urea : H1 FY24 Qty in Lakh MT Qty in Lakh MT Urea MOP 184.0 172.6 18.0 152.7 139.3 11.0 7.1 7.7 29.9 22.6 Production Imports Sales* Imports Sales* LY CY LY CY Production growth: 10% Imports growth: 64% Imports growth: -24% Sales growth: 9% Sales growth: 7% * DBT sales Sourc
Slide 9: CIL: Nutrients – Q2 FY24
CIL: Nutrients – Q2 FY24 Sales in Rs. Crs 9,461 Volume Summary – Sales* 10,000 Vol. in Lakh ton 9,000 -33% Segment Q2 FY23 Q2 FY24 Growth 8,000 7% 7,000 6,302 NPK+DAP 6,000 5,000 Manufactured 11.06 10.27 -7% 4,000 Imported 1.37 1.32 -4% 3,000 2,000 Total 12.43 11.59 -7% 1,000 0 Q2 FY23 Q2 FY24 SSP 2
Slide 10: CIL: Nutrients – H1 FY24
CIL: Nutrients – H1 FY24 Sales in Rs. Crs 16,000 14,572 Volume Summary – Sales* Vol. in Lakh ton 14,000 -21% 11,502 Segment H1 FY23 H1 FY24 Growth 12,000 10,000 NPK+DAP 8,000 Manufactured 17.94 17.86 -0.4% 6,000 Imported 1.76 2.29 30% 4,000 2,000 Total 19.70 20.15 2% 0 H1 FY23 H1 FY24 SSP 4.02 3.91
Slide 11: Subsidy – Q2 FY24
Subsidy – Q2 FY24 Subsidy Outstanding (Rs. in Cr) Nutrient based subsidy rates (Rs/kg) 4,500 4,176 N P K S 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 2,500 2,000 1,497 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 47.02 2
Slide 12: CIL: Crop Protection segment – Q2 FY24
CIL: Crop Protection segment – Q2 FY24 Sales* in Rs. Crs 707 730 700 600 3% 500 Sales - Rs. in Cr 400 300 Market Q2 FY23 Q2 FY24 Growth 200 100 0 Domestic 471 449 -5% Q2 FY23 Q2 FY24 PBIT* in Rs. Crs Exports 236 281 19% 120 105 100 -17% 87 Total 707 730 3% 80 60 40 20 0 Q2 FY23 Q2 FY24 Note: Sales &
Slide 13: CIL: Crop Protection segment – H1 FY24
CIL: Crop Protection segment – H1 FY24 Sales* in Rs. Crs 1,600 1,368 1,400 1,278 1,200 -7% 1,000 800 Sales - Rs. in Cr 600 Market H1 FY23 H1 FY24 Growth 400 200 0 Domestic 907 756 -17% H1 FY23 H1 FY24 PBIT* in Rs. Crs Exports 461 522 13% 250 192 200 -26% Total 1,368 1,278 -7% 142 150 100 50 0 H1 FY2
Slide 14: CIL: Consolidated P&L – Q2 & H1 FY24
CIL: Consolidated P&L – Q2 & H1 FY 24 Rs. Crs Q2 LY H1 LY P&L(Summary) Q2 CY H1 CY Q2 Gr% H1 Gr% 10,113 15,842 Revenue from Operations 6,988 12,682 -31% -20% 1,364 2,319 Gross Margin 1,399 2,383 3% 3% 13% 15% GM % 20% 19% 307 577 Fixed Expenses 340 615 11% 7% 1,057 1,742 EBITDA 1,059 1,768 0.2% 1%
Slide 15: Share Holding Pattern – 30th Sep 2023
Share Holding Pattern – 30th Sep 2023 • Promoters: - EID Parry (India) Ltd (56.2%) Insurance Co, 3.2% - Individual/HUF (0.6%) - Trust/NRI/Others (0.6%) Public &Others, 14.9% • Top Domestic Institutional Holdings: - Kotak Mutual Fund (4.9%) - DSP Mutual Fund (3.1%) FII, 7.2% - SBI (2%) - 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
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