Coromandel International's bottom line shines in Q4FY16

Coromandel International (CIL) has announced Q4FY16 results on April 27. The company’s revenue has increased by 0.78 per cent to Rs 3021 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA has increased by 25.49 per cent to Rs 200 crore in Q4FY16 on a yearly basis due to 5.56 per cent reduction in raw material prices during the quarter. CIL’s EBITDA margin expanded by 130 basis points to 6.63 per cent in Q4FY16 as compared to same period in previous fiscal year. The company’s PAT also rose by 34.98 per cent to Rs 92.68 crore in Q4FY16 on a yearly basis. Its PAT margin expanded by 78 basis points to 3.07 per cent in Q4FY16 as compared to same period in previous financial year.

On yearly basis, CIL’s top line increased by 1.91 per cent to Rs 11522 crore in FY16 as compared to previous fiscal year. The company’s EBITDA declined by 9.58 per cent to Rs 772 crore in FY16 on a yearly basis. Its EBITDA margin contracted by 85 basis points to 6.7 per cent in FY16 as compared to previous financial year. CIL’s bottom line has also reduced by 10.16 per cent to Rs 361 crore in FY16 as compared to previous financial year. The company’s PAT margin has contracted by 42 basis points to 3.13 per cent in FY16 on a yearly basis.

The share price of  CIL has increased by 6.68 per cent on bourses in early trades; and closed at Rs 228 on an intraday basis.

CIL is engaged in the business of farm inputs consisting of fertilisers, crop protection, specialty nutrients and organic compost. The company manufactures Phosphatic fertilisers, and crop protection products. Its nutrient division offers secondary and micro nutrients, and water soluble fertilisers (WSF). CIL operates around 800 Mana Gromor and Namma Gromor (MGC) retail centres.