Coromandel International Q3 Results: Higher costs dent margins, topline beats estimates

Coromandel International Ltd., the Murugappa Group company, saw its December quarter margins narrow from the same period last year, due to higher costs.The company reported an EBITDA margin of 9.1% compared to 10.4% last year. A CNBC-TV18 poll had projected the figure to be 9.8%.
Total expenses at the end of he quarter stood at ₹8,209 crore, higher than the ₹6,357 crore last year. This was a key factor in the narrowing of margins from last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹799.8 crore, a growth of 10.8% from last year’s figure of ₹722 crore, and in-line with the CNBC-TV18 poll estimate of ₹793 crore.Among other parameters, Coromandel International reported revenue growth of 26.6% from the year-ago quarter at ₹8,779.5. The figure surpassed the CNBC-TV18 poll expectation of ₹8,089 crore.

Net profit for the period stood at ₹506 crore, nearly the same level of the ₹512 crore it reported during the same quarter last year. A CNBC-TV18 poll had projected the figure to be ₹529 crore. The company also mentioned that it does not see any significant impact of the new labour codes but will continue to monitor the developing situation.

Coromandel’s board has approved the payment of an interim dividend worth ₹9 per share, the record date for which has been fixed as February 4, 2026. The dividend will be paid on or before February 18, 2026.

Shares of Coromandel International are off the highs of the day, currently trading little changed at ₹2,260. The stock is up 26% in the last one month.