Coromandel International Ltd's Q3 FY18 consolidated net profit rises 53.55% yoy to Rs172.21cr

Coromandel International Ltd's revenue for Q3FY18 came in at Rs2,694.87cr, up by 20.6% yoy. The operating profits of the company for the quarter stood at Rs318.38cr, an increase by 34.3% yoy. The EBITDA margin expanded by ~120bps yoy in Q3FY18. The net profit after tax came in at Rs172.21cr, a rise of 53.6% yoy. The Q3FY18 revenue, operating profits and net profit beat estimates by 5%, 7% and 6% respectively.

• The consolidated segmental revenue from nutrient and other allied business for the quarter increased by 18.7% yoy to Rs2,338.53cr, whereas revenue from crop protection business increased by 18.4% yoy to Rs388.69cr.
• The consolidated segmental profit from nutrient and other allied business for the quarter increased by 50.7% yoy to Rs264.33cr, whereas profit from crop protection business increased marginally by 3.3% to Rs62.08cr.
• The consolidated cost of raw materials consumed, purchase of traded goods and changes in inventory increased by 25.1% yoy to Rs1,887.89cr.
• The consolidated finance cost of the company for Q3FY18 declined by 20.1% and came in at Rs42.24cr.