Coromandel International Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The total income of the company stood at ₹7,031 Cr · The net profit for this quarter stood at ₹762 Cr · EBITDA for Q2 stood at ₹1,064 Cr

Performance Highlights

· EBITDA saw a growth of 1% YoY · The Profit after tax (PAT) saw a growth of 3% YoY · The total income saw a de-growth of 31%

Investment Insights

In Q2, Coromandel International acquired a 16.53% equity stake in XMachines, an AI robotics startup, to advance agricultural operations.

Businesses Reviewed

· For the Allied and Nutrient Business, the Revenue for Q2 stood at ₹6,307 Cr · For c8rop Protection Business, The Revenue for Q2 stood at ₹722 Cr

Source: Coromandel International Limited Financial Report – Q2 Report, BSE