Coromandel International Limited has reported a strong financial performance for the year ended March 31, 2026. The Board of Directors has recommended a final dividend of Rs. 2/- per equity share, following a year of growth. The company also announced the re-appointment of its statutory auditors and finalized plans for its 64th Annual General Meeting scheduled for July 23, 2026.
Financial Performance Highlights
For the financial year ended March 31, 2026, Coromandel International Limited reported consolidated revenue of Rs. 31,479.54 crore, marking a significant increase from the previous year. The consolidated net profit for the year stood at Rs. 1,898.14 crore. The company’s robust performance is supported by its two primary business segments: Nutrient & other allied businesses and Crop protection.
Dividend and Shareholder Payouts
The Board of Directors has approved a final dividend of Rs. 2/- per equity share (on a face value of Re. 1/- per share) for the financial year 2025-26. The company has set July 16, 2026, as the record date for determining eligibility for the dividend, with payment expected on or before August 21, 2026.
Strategic Corporate Developments
During the fiscal year, Coromandel strengthened its market presence in the crop protection sector by increasing its stake in NACL Limited to 53.73%. Additionally, the company is facilitating an issuance of a corporate guarantee of up to USD 15.5 million to support banking facilities for its subsidiary, Baobab Mining & Chemicals Corporation in Senegal, which currently operates as a 71.51% owned subsidiary.
Governance and Annual General Meeting
The company has scheduled its 64th Annual General Meeting for July 23, 2026. Furthermore, the Board has approved the re-appointment of M/s. S. R. Batliboi & Associates LLP as the company’s Statutory Auditors for a second term of five consecutive years, pending shareholder approval at the upcoming meeting.
Source: BSE
