Coromandel International Q2 Results: Revenue surges 30% but margin narrows

Shares of Coromandel International Ltd. are trading up to 6% lower on Thursday, October 30, after the company reported its September quarter earnings, which were mixed on a year-on-year basis.

Coromandel International reported a 21.3% year-on-year rise in consolidated net profit at ₹805.2 crore for the September quarter, compared with ₹664 crore in the same period last year.

Revenue from operations jumped 30% to ₹9,654 crore against ₹7,433 crore a year ago.

Earnings Before Interest, Taxes, Depreciation, and Amortization or EBITDA rose 17.6% year-on-year to ₹1,147 crore from ₹975 crore, while operating margin came in lower at 12% versus 13% in the corresponding quarter last year.

Shares of Coromandel International Ltd. are currently trading with losses at ₹2,174.70. The stock has risen 13% on a year-to-date basis.