COROMANDELCoromandel International Ltd.
Coromandel International Q2 FY27 Results: Consolidated Net Profit ₹523 Crore on Total Income of ₹10,382 Crore
- Earnings
- Fertilisers and crop protection
Reviewed byRachit TripathiBlacklitt Research
Coromandel International (NSE: COROMANDEL) reported consolidated total income of ₹10,381.79 crore and consolidated net profit of ₹523.37 crore for the quarter ended 30 Sep 2026, it said in a filing on 06 Nov 2026. Standalone total income was ₹9,987.18 crore and standalone net profit ₹548.17 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹10,381.79 crore, up 6.3% YoY and 26.4% QoQ
- Net profit: ₹523.37 crore, down 34.0% YoY and up 37.2% QoQ
- Profit before tax: ₹706.35 crore, down 33.3% YoY
- Other income: ₹87.66 crore, down 24.7% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹9,987.18 crore, up 4.6% YoY and 28.2% QoQ
- Net profit: ₹548.17 crore, down 32.8% YoY and up 45.4% QoQ
- Profit before tax: ₹736.89 crore, down 32.5% YoY
- Other income: ₹51.72 crore, down 62.5% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 10,381.79 | 9,770.61 | +6.3% | 8,214.58 | +26.4% | |
| Revenue from operations | 10,294.13 | 9,654.13 | +6.6% | 8,164.77 | +26.1% |
| Other income | 87.66 | 116.48 | -24.7% | 49.81 | +76.0% |
| 523.37 | 793.44 | -34.0% | 381.56 | +37.2% | |
| Profit before tax | 706.35 | 1,059.45 | -33.3% | 513.68 | +37.5% |
| Tax expense | 182.98 | 266.01 | -31.2% | 132.12 | +38.5% |
| Net profit margin | 5.04% | 8.12% | -3.08 pp | 4.64% | +0.40 pp |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit fell 34.0% YoY while total income rose 6.3%. Tax expense of ₹182.98 crore is 25.9% of profit before tax of ₹706.35 crore.
Revenue from operations rose 6.6% YoY to ₹10,294.13 crore, while other income fell 24.7%. Other income of ₹87.66 crore is 0.8% of total income and 12.4% of profit before tax.
The notes also say the Rabi 2026-27 NBS rates are not yet notified, so subsidy income is recognised on existing rates and any consequential impact will be made on the final announcement in later quarters. The filing does not quantify that impact.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 9,987.18 | 9,549.26 | +4.6% | 7,792.31 | +28.2% | |
| Revenue from operations | 9,935.46 | 9,411.34 | +5.6% | 7,743.55 | +28.3% |
| Other income | 51.72 | 137.92 | -62.5% | 48.76 | +6.1% |
| 548.17 | 816.33 | -32.8% | 376.96 | +45.4% | |
| Profit before tax | 736.89 | 1,092.03 | -32.5% | 505.34 | +45.8% |
| Tax expense | 188.72 | 275.70 | -31.5% | 128.38 | +47.0% |
| Net profit margin | 5.49% | 8.55% | -3.06 pp | 4.84% | +0.65 pp |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 32.8% YoY while total income rose 4.6%, and profit before tax fell 32.5%. Standalone net profit rose 45.4% QoQ, faster than total income's 28.2% rise, which is a sequential comparison against the June 2026 quarter.
Standalone other income fell 62.5% YoY to ₹51.72 crore, which is 0.5% of total income and 7.0% of profit before tax. Tax expense of ₹188.72 crore is 25.6% of profit before tax.
The standalone exceptional items for the year ended 31 Mar 2026 were ₹125.15 crore, in the segment note. The consolidated exceptional items for that year were ₹711.56 crore, estimated provisions for impairment of investment and goodwill relating to the drones subsidiary business, which the notes link primarily to delays in execution of certain orders.
Inference
The board re-appointed Sudarshan Venu as an Independent Director for a second term of five years from 3 Feb 2027 to 2 Feb 2032, subject to approval by shareholders through a postal ballot as a special resolution. The board fixed 6 Nov 2026 as the cut-off date for the postal ballot notice and e-voting rights.
The company allotted 1,11,355 equity shares at USD 87.11 each on conversion of a USD 9.70 million loan to Baobab Mining and Chemicals Corporation, a step-down subsidiary held through Coromandel Chemicals Limited, which holds 71.51% of it. The company also allotted 14,460 equity shares on exercise of stock options in the quarter.
The filing does not say why the Independent Director is being re-appointed beyond the board's recommendation, nor what effect the loan conversion has on the consolidated results.
Filed with BSE on . Reference: Original filing (PDF)
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