Coromandel International Limited · NSE:COROMANDEL
Coromandel International — Q1 FY24 Earnings Presentation
11 slides from Coromandel International's earnings presentation, August 2023
Slide 1: Coromandel International Q1 FY 23-24 Performance Updates
Coromandel International Q1 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: Q1 Performance Highlights - Consolidated
Q1 Performance Highlights - Consolidated Revenue from Profit After Net Debt EBITDA Book Value Basic EPS Operations Tax to equity ratio Q1 FY24 ₹ 5,693 Cr ₹ 709 Cr ₹ 494 Cr ₹ 287 ₹ 16.8 0.0 times -1% 3% -1% 23% -1% Q1 FY23 ₹ 5,729 Cr ₹ 685 Cr ₹ 499 Cr ₹ 234 ₹ 17 0.0 times 3
Slide 4: Fertiliser Industry DAP & NPK: Q1 FY24
Fertiliser Industry DAP & NPK: Q1 FY24 Qty in Lakh MT Qty in Lakh MT DAP NPK 20.9 21.0 21.7 24.4 19.4 11.0 11.8 14.5 15.4 8.8 7.7 8.6 Production Imports Sales* Production Imports Sales* LY CY LY CY Production growth: 7% Production growth: 26% Imports growth: 139% Imports growth: 12% Sales growth: 3%
Slide 5: Fertiliser Industry MOP & Urea: Q1 FY24
Fertiliser Industry MOP & Urea : Q1 FY24 Qty in Lakh MT Qty in Lakh MT Urea MOP 73.8 66.6 61.3 61.8 11.9 5.5 14.4 11.4 2.6 2.3 Production Imports Sales* Imports Sales* LY CY LY CY Production growth: 11% Imports growth: 116% Imports growth: -21% Sales growth: -13% Sales growth: 1% * DBT sales Source:
Slide 6: CIL: Nutrients – Q1 FY24
CIL: Nutrients – Q1 FY24 Sales in Rs. Crs Volume Summary – Sales* 5,300 Vol. in Lakh ton 5,201 5,200 Segment Q1 FY23 Q1 FY24 Growth 5,111 2%7% 5,100 NPK+DAP 5,000 Manufactured 6.88 7.58 10% 4,900 Imported 0.39 0.97 151% 4,800 Total 7.27 8.56 18% 4,700 Q1 FY23 Q1 FY24 SSP 1.59 1.79 13% 700 PBIT in Rs
Slide 7: Subsidy – Q1 FY24
Subsidy – Q1 FY24 Subsidy Outstanding (Rs. in Cr) Nutrient based subsidy rates (Rs/kg) N P K S 2,816 FY23 H1 91.96 72.74 25.31 6.94 2,731 FY23 Q3 98.02 66.93 23.65 6.12 FY23 Q4 99.27 49.94 25.70 2.84 FY24 H1 76.49 41.03 15.91 2.80 Q1 FY23 Q1 FY24 Q1: Receipts of Rs. 2,069 Cr (LY: Rs. 136 Cr) 7
Slide 8: CIL: Crop Protection segment – Q1 FY24
CIL: Crop Protection segment – Q1 FY24 Sales* in Rs. Crs 700 661 -17% 600 547 500 Sales - Rs. in Cr 400 300 Market Q1 FY23 Q1 FY24 Growth 200 100 0 Domestic 436 306 -30% Q1 FY23 Q1 FY24 PBIT* in Rs. Crs Exports 225 241 7% 100 87 90 80 -37% Total 661 547 -17% 70 60 55 50 40 30 20 10 0 Q1 FY23 Q1 FY24
Slide 9: CIL: Consolidated P&L – Q1 FY 24
CIL: Consolidated P&L – Q1 FY 24 Rs. Crs Q1 LY P&L(Summary) Q1 CY Gr% 5,729 Revenue from Operations 5,693 -1% 956 Gross Margin 984 3% 17% GM % 17% 270 Fixed Expenses 275 685 EBITDA 709 3% 12% EBITDA Margin % 12% 45 Depreciation 48 -13 Interest Exp./(income) -2 14 Non-operating income 2 2 Share of
Slide 10: Share Holding Pattern – 30th June 2023
Share Holding Pattern – 30th June 2023 • Promoters: - EID Parry (India) Ltd (56.3%) Insurance Co, 2.9% - Individual/HUF (0.6%) - Trust/NRI/Others (0.5%) Public &Others, 14.8% • Top Domestic Institutional Holdings: - Kotak Mutual Fund (4.8%) - DSP Mutual Fund (2.9%) FII, 7.6% - SBI (1.8%) - Axis (1.6
Slide 11: 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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