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The board of Coromandel International at its meeting held on 23 July 2026 has approved conversion of loan value amounting to about Rs. 108 crore to equity shares of face value of Rs. 10/- each of Coromandel Chemicals, a wholly owned subsidiary of the company, at an issue price of Rs. 39.95/- per equity share (including premium).
The board also approved the restructuring of loans amounting to USD 9.70 Million, that has been given to Baobab Mining and Chemicals Corporation S A (BMCC), a step-down subsidiary of the company, held through Coromandel Chemicals (CCL) into equity or preference shares with optionality or such other instruments, as may be mutually agreed
Profit before tax (PBT) fell 24.15% to Rs 513.68 crore in Q1 FY27, compared with Rs 677.28 crore in Q1 FY26.
Total expenses rose 19.42% YoY to Rs 7,700.90 crore in Q1 FY27 from Rs 6,448.72 crore in Q1 FY26. The cost of raw materials and packing materials consumed stood at Rs 4,615.19 crore (up 29.39% YoY), while finance costs increased to Rs 89.02 crore (up 30.99% YoY) during the period under review.
In Q1 FY27, revenue from the nutrient and other allied business rose 9.44% year on year to Rs 6,951.03 crore, while revenue from the crop protection segment surged 72.55% year on year to Rs 1,250.76 crore.
Coromandel International is one of India's leading agri-solutions providers. It offers a diverse range of products and services across the farming value chain. It specializes in fertilizers, crop protein, biopesticides, specialty nutrients, organic fertilizers, etc.
Shares of Coromandel International shed 0.56% to end at Rs 2,024.50 on the BSE.
For the full year,net profit declined 5.34% to Rs 1956.15 crore in the year ended March 2026 as against Rs 2066.46 crore during the previous year ended March 2025. Sales rose 30.70% to Rs 31479.54 crore in the year ended March 2026 as against Rs 24085.24 crore during the previous year ended March 2025.