Shares of Coromandel International Ltd. surged as much as 4% on Thursday, July 24, after the company’s June quarter results, which were a beat compared to analyst expectations.Coromandel reported a net profit of ₹505 crore, which is a 62% jump from the same quarter last year, and higher than the CNBC-TV18 poll of ₹429 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹782 crore, higher than the CNBC-TV18 poll of ₹661 crore. On a year-on-year basis, EBITDA went up by nearly 55%.
Revenue for the quarter increased by 48.9% from the year-ago period to ₹7,042 crore, which is also above the CNBC-TV18 poll estimate of ₹5,948 crore.EBITDA margin for the quarter increased by 40 basis points from last year to 11.1%, which is in-line with the CNBC-TV18 estimate of 11.1%.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹782 crore, higher than the CNBC-TV18 poll of ₹661 crore. On a year-on-year basis, EBITDA went up by nearly 55%.
Revenue for the quarter increased by 48.9% from the year-ago period to ₹7,042 crore, which is also above the CNBC-TV18 poll estimate of ₹5,948 crore.EBITDA margin for the quarter increased by 40 basis points from last year to 11.1%, which is in-line with the CNBC-TV18 estimate of 11.1%.
Shares of Coromandel International surged as much as 4.5% after the results announcement, currently trading 3.7% higher at ₹2,417.9. The stock is up 25% so far in 2025.
