Coromandel International's Profits Soar with Strategic Moves and Strong Sales

Coromandel International reported a 62.20% rise in net profit for Q1 2025-26, attributed to robust sales and strategic acquisitions. The company's revenue increased 49% year-on-year. The acquisition of additional stakes in Senegal's BMCC and backward integration projects support the company's long-term growth strategies.

Coromandel International has announced a substantial 62.20% increase in its consolidated net profit, reaching Rs 501.59 crore for the first quarter of 2025-26. This performance was fueled by impressive sales figures, as reported on Thursday.

The company's revenue soared by 49% to Rs 7,042.30 crore, compared to Rs 4,728.83 crore in the same period last year. This growth occurred alongside a rise in expenses from Rs 4,345.74 crore to Rs 6,448.72 crore.

In a strategic move, Coromandel's board approved acquiring an additional 17.69% stake in Senegal's Baobab Mining and Chemicals Corporation SA for USD 7.70 million, increasing its overall stake to 71.51%. This acquisition aims to bolster the company's backward integration in the phosphates value chain.

(With inputs from agencies.)